05/30/2024 Live Update

[Cobra]

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For now the overnight rebound looks like a bear flag so bias is down. Just the bear flag often not working so this may change. I'll give 51% chances to bears.

[JFR]

ES daily.

Trying for a breakdown.

Beneath the trendline.

At the EMA 20.

Strong bearish marubozu candle yesterday.

It is a good punch by the bears.

[JFR]

ES 60 minutes.

Downward action.

From R2 through R1, through the Pivot, down to S1.

And a bounce up as it tries to form a bottom.

[Cobra]

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

[Cobra]

I see initial sign of downtrend day.

[Cobra]

EMA20 now is the bear's last chance today for the 2nd leg down.

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[BullBear52x]

Swing setup, there is change, last buy failed, next rip will be sold.

Intraday: new swing low, it is bearish bias.

Internals: bullish bias, there is no follow through on the bear side, it is worth noting that multi-time frames are now on the sell the rips. buyers need to bring in the A-game tomorrow. Peace!

[BullBear52x]

Bonus chart: today marked the first day of change in the short term trend, a new LL today is confirming a first new LH. keep it simple.

[BullBear52x]

No fear No bear, it is a fearful market. caution!

[Cobra]

Looks like we have a price channel, so not strong up but it's up, bias is up.

[Cobra]

Didn't expect this pullback, now testing day low, let's see whether bulls can make a double bottom.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397