01/08/2024 Live Update

[Cobra]

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Higher low (therefore the low was in) or not, wait and see.

[Cobra]

Members only update at 10:05 am
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Cobra]

Testing the Friday's high.

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend day, possibly a strong one.

[BullBear52x]

A daily buy that triggered Friday looks good. now the swing sell setup today is a make or break for both of these time frames, transitional action in play. not yet trigger, this is when patience of a trader kicks in.
Patience, React, Don't predict.

[Cobra]

Members only update at 12:12 pm
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Cobra]

The pullback probably would be bought again. So far it's an uptrend day, weaker than I though so far though.

[BullBear52x]

Swing setup: Last sell setup failed. Dips will be bought, the daily trend following buy that triggered last Friday is now having a very good floor.

[BullBear52x]

Intraday: New swing high, bullish bias. same play book the buying starts early in the morning and hasn't rest. keep it simple.

[BullBear52x]

Internals: Bullish bias, there is buying follow through today. Peace!

[Cobra]

Possible exhaustion bar (the big bull bar before the current bar) so might be a pullback here first which likely would be bought anyway.

[jaguar6992]

Quite a few positive hourly bars, 7, IF we make it through the current hour.

[JFR]

ES daily.

Big day for the bulls.

Up off the EMA 20.

Eyes on the top.

[Trades w 2 Cats]

Fed's Bostic talking this morning about goldilocks. So claiming no cuts till 3rd quarter but no concerns about employment or wage growth.

Also we are due for some upside to relieve oversold pressure, not forgetting they have to give discretionary January retirement contributions an "opportunity" to buy in below the top.

[JFR]

ES 60 minutes.

That is a rocket ship.

From S1 on Friday.

Today through the Pivot, through R1, and just nosing its way through R2.

"To the Moon, Alice."

[JFR]

ES 5 minutes.

Yowsuh. That is thing of beauty.

A license to print money.

When I fired up NinjaTrader 10 hours ago the markers were all in the red, for ES, NQ, YM and RTY.

[JFR]

The Four Horsemen of the stock market.

Today's advance, based on percentage.

Nasdaq number 1.

Russell number 2.

S&P number 3.

Dow number 4.

[JFR]

Even on the Dow, a number of stocks having a good day.

[Cobra]

Members only update at 3:35 pm
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[JFR]

Good day for Bio and Pharma.