07/30/2024 Live Update

[Cobra]

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Small ascending triangle I see, so breakout is more likely. The dashed line above has been tested many times so unlikely will hold another test if the breakout (of ascending triangle) can really touch it.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Trades w 2 Cats]

Hello 5,500 my old friend.

It is Deja Vu all over again as Yogi said.

I failed to save the chart so from memory it is about 18 months on average from the first rate cut to the bottom of the market.Supposed to have Chair Powell start the program for a September cut. However, today Sec Yellen gets to manipulate the market when she issues the Treasury statement at 3 showing their borrowing plans for the next three months.So today and tomorrow will set the tone for the big guys managing portfolios.

[BullBear52x]

Monthly after bearish stick sandwich, it's due for TOP the way it looks this month.

[Cobra]

The rebound so far looks like a bear flag.

[Cobra]

Members only update at 12:11 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[BullBear52x]

Swing setup: wait for new sell entry, rip will be sold.

Intraday: insideday, day #3 inside day. new breakout will be fast and furious. for now anything goes, same playbook.

Internals: Bullish bias, Hmmm, will there be a stronger closed today? will see. peace!

[BullBear52x]

Bonus chart: Fearful market, nothing on $VIX side of thing to say the bottom is in.

[BullBear52x]

trend line, long term.

[Cobra]

This time the rebound might break the ema20 from where we'll see whether the low was in or not, probably not.

[Cobra]

More up from here then the low might be in for today. Right now, some chances the low was in, just not sure.

[JFR]

ES daily.

Sideways action.

Day 4 in this trading range.

Hanging on the wire of the support level.

Ready to drop? Or will it climb up out of danger?

[JFR]

ES 60 minutes.

No Man's Land.

Chopping along between R1 and S2..

Waiting for either the bulls or the bears to take over.

[JFR]

ES 5 minutes.

Up off 5438.

Through S2, to S1, where it finds some resistance.

Some playable action today, mostly on the downside.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2024/07 ... 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