07/19/2024 Live Update

[Cobra]

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Double bottom or not, wait and see. I say 51% chances, maybe even 60%.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Testing the previous low, let's see whether bulls can make a double bottom.

[Cobra]

Clear breakdown of the yesterday's low so could be another downtrend day with typically a later day rebound.

[Cobra]

Last chance for the 2nd leg down.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Trades w 2 Cats]

Back to the opening print looks likely.

But I have to say with pizza and a movie stocks disappointing so far this week thinks aren't looking good for couch potatoes. Maybe it's the weight loss drugs and gyms that will have better earnings!

[Cobra]

Revisiting the day low, if before a new decisive new low, any time you see 2 consecutive strong bull bars then chances are the low was in for today so key time.

[Trades w 2 Cats]

High volume ledge on the 5 week composite should provide support or at least a pause.

[JFR]

ES daily.

"Breaking bad."

Another huge bear candle.

Busting down beneath the trendline and the EMA 20.

Approaching a very key support level.

Time to panic, like Lloyd Bridges in "Airplane"? Nah. Ha ha.

[JFR]

ES 60 minutes.

Down the slippery slope.

Through R2, through R1, through the Pivot, through S1.

[JFR]

ES 5 minutes.

The steepness of the decline increases.

Best to be a day trader.

[Cobra]

Need exceed the pink area to signal the low was in or close.

[Cobra]

The low probably was in or at least close. So far it's a classical down day closing: Strong rebound before the close.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377