06/04/2024 Live Update

[Cobra]

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Triangle, so bias is a little bit up (51%).

[JFR]

ES daily.

Hanging on the trendline.

And the EMA 20 is right there too.

An inside candle.

At the outside, bottom edge of the Bollinger.

No Man's Land.

[JFR]

ES 60 minutes.

Sideways action.

From S1 up to the Pivot.

And up to the EMA 20.

[BullBear52x]

Look at the past LH dark hammer candles. playing out the same, very interesting.

[JFR]

Not finding much of interest to play this morning.

But this "planet swam into view," paraphrasing John Keats.

UL. Unilever. Founded in 1860. HQ in London, UK.

A quick check shows decent fundamentals.

I like the chart action.

Not recommending, not holding at this time, just sharing information.

Back later ...

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The company provides its products under the AXE, Ben & Jerry's, Cif, Clear, Closeup, Comfort, Cornetto, Dermalogica, Domestos, Dove, Dove Men+Care, Hellmann's, Horlicks, Knorr, LUX, Lifebuoy, Liquid I.V., Magnum, Nutrafol, OMO, Paula's Choice, Pepsodent, Pond's, Rexona, Rexona, Sunlight, Sunsilk, Surf, TRESemmé, Vaseline, Wall's, Breyers, and Yasso brand names. Unilever PLC was founded in 1860 and is headquartered in London, the United Kingdom. -- Yahoo Finance

[Cobra]

Members only update at 10:11 am
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[Trades w 2 Cats]

This is supposed to be a five wave move off the low. Not seeing it. Instead this is looking like one of those really difficult to count corrective moves. Needs some time to play out but for now it looks like the bulls are short on gas.

[Trades w 2 Cats]

Volume profile says that a breakdown out of the wedge could be an elevator down.

[OptionsWarrior]

Net Option Flow looking more bearish than bullish on SPY

[BullBear52x]

We are going sideways in yearssssss to come they said, well, MACD signal line and simple chart pattern will be something to lay out to game this Mega 1 stock index From Mega 7 down to Mega 1 (NVDA)

[Trades w 2 Cats]

From my X feed. No comment needed.

As a side bar, Nvidia is doing the good old dot com thing, They bought a lot of server time from Microsofts Azur system. Their subsidiary places Nvidia powered servers in Azure data centers.

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[BullBear52x]

Nvidia Csco.jpg
From my X feed. No comment needed.

As a side bar, Nvidia is doing the good old dot com thing, They bought a lot of server time from Microsofts Azur system. Their subsidiary places Nvidia powered servers in Azure data centers.

Free computer and free Microsoft office When sign up for AOL 2.0 fast speed of 14M bps. we come a long way....LOL.

[BullBear52x]

Swing setup: no change, inside box, sell side.

Intraday: inside day, anything goes, inside no man's land between 61.8-38.2%

Internals: bearish bias. there is follow through on the sell side. Peace!

[BullBear52x]

Bonus chart: recession and inflation/Deflation look.
Inflation/Deflation, looks like inflation is stalling, heading down will confirm when MACD (1) < 0 simply TA view. expectation for them is flat for month now.

Recession? employment never been better since the Tech boom, less work force today in manufacturing than in 2000, less people in production. we are all traders these days maybe that's what it is. diamond hands baby!

[Cobra]

Maybe it's the higher low, i.e. the low was in for today. Not sure as it could be just to test the range high then down to test the range low.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[OptionsWarrior]

Here's Net Option Flow on SPY for the day:

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381