05/13/2024 Live Update

[Cobra]

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Double top or not, wait and see.

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[Cobra]

Not a valid breakdown yet but in case it does (has chances) then it'd be a measured move down.

[Cobra]

Typically the rebound now means the low was in. Let's see.

[Cobra]

Members only update at 11:56 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[JFR]

ES daily.

Resting on the trendline, like birds on a wire.

Two dojis in a row -- indecision.

Low on April 19. Higher low on May 2.

Well above the EMA 20.

Eyes are still on the top.

Decent shape for the bulls, but the bears are making their presence felt.

[JFR]

ES 60 minutes.

Trading range since Friday.

Sitting on the Pivot. Danger zone.

[JFR]

ES 5 minutes.

Down since the open.

Testing down beneath the Pivot.

Look out below.

Beneath the EMA 20.

[JFR]

Index futures and ETFs.

Two up. Two down. Although NQ, MNQ and QQQs are trying to turn down.

[Cobra]

Should be a rebound here first then we'll see. 3 legged down has been rare so maybe the low was in.

[JFR]

Dow 30.

About even between the greens and the reds.

Back later ...

[BullBear52x]

Swing setup: buy triggered today, new box, make or break.

Intraday: inside day, any thing goes.

Internals: bullish bias, no follow through for bears if we closed here. lets see how we closed today. Peace!

[Trades w 2 Cats]

An hour before Regular open tomorrow CPI will be unleased on the trading world. Big banks are saying the rent portion should be down so it could be lower than expected. Will see if it takes out the Friday high.

Elliott wave people think the short term top is in, looking for a pullback to set up a run to a new all time high. CPI easing fears of a rate hike followed by Nvidia channel stuffing could be the magic 1 2 punch. Note they are using Apple and Chat GTP as the big tease right now. Just waiting for Jim Cramer to say buy buy buy.

[Cobra]

Members only update at 3:39 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374