04/03/2024 Live Update

[Cobra]

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Higher low (green arrow) or double top (red arrows), wait and see. For now looks like double top is more likely.

[JFR]

ES daily.

Down to the EMA 20.

Testing beneath the support level 5257.

Key level.

[JFR]

ES 60 minutes.

A trading range for many hours.

At the bottom of the range.

[JFR]

ES 5 minutes.

Testing down beneath 5246.

[BullBear52x]

swing setup: sell triggered, new box, make or break.

[BullBear52x]

INTC no AI ?

[BullBear52x]

ISM number, the rate cut hope is strong. this is a HOOK chart pattern, don't get hooked.

[Cobra]

Members only update at 10:11 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[JFR]

ES 5 minutes.

Nice bounce up, through the Pivot.

Back later ...

[JFR]

CAT. Caterpillar Vehicles.

Founded in 1925. HQ in Irving, TX.

Last posted on here on March 18, 2024. Very nice move up since January.

Caterpillar, Inc. engages in the business of manufacturing construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. It operates through the following segments: Construction Industries, Resource Industries, Energy and Transportation, Financial Products, and All Other. The Construction Industries segment is involved in supporting customers using machinery in infrastructure and building construction applications. The Resource Industries segment offers machinery in mining, heavy construction, quarry, and aggregates. The Energy and Transportation segment focuses on reciprocating engines, turbines, diesel-electric locomotives, and related services across industries serving oil and gas, power generation, industrial, and transportation applications including marine- and rail-related businesses. The Financial Products segment provides financing alternatives to customers and dealers for Caterpillar products and services, as well as financing for power generation facilities. The All Other segment includes activities such as the business strategy, product management, and development, and manufacturing filters and fluids, undercarriage, tires and rims, engaging tools, and fluid transfers. The company was founded on April 15, 1925 and is headquartered in Irving, TX.

[Cobra]

So far it's an uptrend day but with so many small bars forming a rising wedge so feel like it can rollover any time, so I'll be sideline for now.

[Cobra]

Members only update at 12:17 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[BullBear52x]

Swing setup: sell failed again. none-trending on this time frame. next dip will be bought.

Intraday: bullish bias, to avoid a negative price action, bulls need to keep the closed above Fed spike.

We are still in a fearful market, for holding position, I will not hope for much on either side, as always time frame of a trade is very important. Peace!

[BullBear52x]

Bonus chart: for beginners, HL and HH is clear, we are at the change of the trend juncture, do or die on both sides, we don't know if the MA resistance will give us that new LH? new Low must present before we can say that. the reality of a trading is that the range between 5225-5180 SPX (45 handles give and take for the conversation shake) is a hefty for some account, at this particular point, it's better to be on a south bound train with very little R:R and a stop, where the buyers will take the draw down of 45 handles haircut to wait and see.

[Cobra]

Bias is up and if able to touch the blue line above then breakout would be more likely.

[BullBear52x]

A classic J-Hook pattern played out, text book style.

[Cobra]

Members only update at 3:39 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[BullBear52x]

Lots of actions today, two signals triggered in one day for swing setup, first thing first. until then.....stick to what works until it doesn't,Peace!

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387