07/15/2024 Live Update

[Cobra]

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Maybe a pullback here first? Then we'll see.

[Cobra]

Members only update at 10:00 am
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[Cobra]

Don't think it'd be double top here, this market only knows up and up.

[Cobra]

Generally it'll break the blue line then pullback. Let's see.

[Cobra]

Breakout as expected. No sharp pullback in the next couple of bars (I don't expect) then it's an uptrend day.

[Cobra]

The pullback is larger than I thought and should be for an uptrend day but still likely it'd be bought after which we'll see, chances are it'd be still an uptrend day.

[Trades w 2 Cats]

Too soon? But the Fbs say wave 5 is done. We will see if it extends.

[Trades w 2 Cats]

If the count is correct then projection for green 4 retracement.

[Trades w 2 Cats]

Same thing on the more or less 5 minute chart.
Sub minuette draws as white with my software so I used Micro because it is red.

[JFR]

ES daily.

At the top, the all-time high.

Forming a new trading range.

Well above the EMA 20 and the trendline.

[Cobra]

Members only update at 1:00 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[JFR]

ES 60 minutes.

Third time knocking on the ceiling. Wants to breakout.

But resistance is also strong.

[Cobra]

Bias is down, may break the blue line below from there we'll see whether it'd be a classical breakdown then reversal up.

[JFR]

ES 5 minutes.

(Now a doji on the daily chart.)

The bulls controlled the opening.

Then the bears have their say.

No Man's Land.

[Trades w 2 Cats]

Into a range at today's VPOC then bang, down it drops.

[JFR]

COLB. Columbia Banking System.

Founded in 1953. HQ in Tacoma, WA.

Banks and Buffett having a good day on the stock market.

A quick check on COLB shows good fundamentals.

This trader likes it.

Not recommending, of course.

Columbia Banking System, Inc. operates as the holding company of Umpqua Bank that provides banking, private banking, mortgage, and other financial services in the United States. The company offers deposit products, including business, non-interest bearing checking, interest-bearing checking and savings, money market, and certificate of deposit accounts; and insured cash sweep and other investment sweep solutions. It also provides commercial lending products, such as commercial lines of credit and term loans, accounts receivable and inventory financing, international trade finance, commercial property loans, multifamily loans, equipment loans, commercial equipment leases, real estate construction loans and permanent financing, and small business administration program financing, as well as capital markets. In addition, the company offers wealth management comprising financial planning, investment, trust, and insurance; treasury management, which includes digital and mobile banking solutions, ACH, wires, positive pay, remote deposit capture, integrated payments, integrated receivables, lockbox, cash vault, real-time payments, commercial card, and foreign exchange and international banking related products, as well as merchant services; and brokerage services, residential real estate loans and consumer loans. It serves its products to corporate, institutional, small business, and individual customers. The company was founded in 1953 and is headquartered in Tacoma, Washington. -- Yahoo Finance

[Cobra]

Typically the rebound means the low was in for today.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Double top? I give it 51% chances. Normally it'd be 40%.