02/02/2024 Live Update

[Cobra]

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Well, let me guess, more job created than expected. Don't worry, in no time the market would turn back to rate cut in March, rate cut in March, rate cut in March, nothing can stop this market.

[BullBear52x]

Look at $BPSPX, they have been pointing down since end of December until now. until yesterday crazy squeeze.

[JFR]

ES daily.

Good morning, Guys and Gals.

Computers?!X Grrr. Ha ha.

Had some issues with NinjaTrader since Tuesday. But I love their charts. Got it fixed I think.

ES daily.

Dropped down in a pullback to the EMA 20.

Now right back up to the high of January 29.

All the money and wealth has to go somewhere.

[JFR]

ES 60 minutes.

Ya can't keep a good market down. Did anybody ever say that? Nope? OK.

But I think it is true. Those with money tend to be optimists, and many of those are speculators and risk-takes. Hello.

Down beneath S2. Back up through the Pivot.

In a range for over 14 hours.

Next? We will see, in the charts.

[BullBear52x]

Looks like we are going to open flat. this is the critical pivot, will trend change holds? as far as day trade level to focus on.

[JFR]

ES 5 minutes.

Darvas Box action. Fades and a breakout. Support and resistance action. Levels.

Not as exciting perhaps as trend action, but playable never the less.

[BullBear52x]

Look above and fail or not, this is Friday, my expectation is down then close stronger, let see simple moving average will tell.

[BullBear52x]

It used to be 7 magnificent, now 4, and only two today to lift $SPX.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend day.

[BullBear52x]

Very strong day, no negative reversal to call to today. bulls are marching on, A/D issues is negative, will see now the European stating to close. let see if we can hold it up above the red line all day today.

[BullBear52x]

This year NVDA will move up the rank.

[Cobra]

Members only update at 12:16 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

The pullback will be bought if not already.

[BullBear52x]

The beauty of simple moving average. nothing to see for bears, maybe 3 push up but nothing else.

[Cobra]

This was unexpected for an uptrend day.

[BullBear52x]

intraday stopped out, now it's bears turn to create negative price action. Thanks to Cobra on 3 push up, I learned it from you century ago.

[BullBear52x]

Swing setup: dips will be bought, so far the sideways consolidation non-trending, if buy'sell setup keep failing there is no trend in my read. next dip buy setup will tell if HH can be made or chop fest to continue and day trade will be the only game in town.

[BullBear52x]

Internals: bearish bias, no buy follow through, but who to argue when only price pays. Peace!

[BullBear52x]

Intraday: at this point the first red line should hold, if not, something is really bad setting up. Peace out!