07/31/2024 Live Update

[Cobra]

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Now we have a good looking double bottom and perhaps is trying to make a clear breakout.

[Cobra]

Members only update at 10:01 am
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[BullBear52x]

Jail break. Fed or no Fed

[Cobra]

The pullback will be bought. And if no sharp pullback in the next couple of bars then it'd be an uptrend day until the 2pm roller coaster show.

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Not sure whether the current pullback would be bought again or not as roller coaster show is at 2 pm, maybe the "going nowhere until then" already started.

[BullBear52x]

Today HH marked the end of down trend, HL will be bought from this classical chart pattern. It is what it is.....

[BullBear52x]

Swing setup: last sell failed, next dip will be bought, it's clear and well above 5DMA today.

Intraday: New swing high, it is bullish bias. only the FED can mess it up, what is the chance of that?

Internals:bullish bias, the deep buyers smelled the bear blood since yesterday. Peace!

[BullBear52x]

Bonus chart; Monthly closed, it must be green, now it makes sense why indices are so bullish overall today, window dressing come to mind.

[MrMiyagi]

Market likes what Powell said. I guess. They liked it before he opened his mouth.

[JFR]

ES daily.

Huge marubozu candle.

Breaking above the EMA 20 and the long time support level.

Good one for the bulls. But they have a ways to go to get back to the high of July. And even more heavy lifting to break out above that high.

[JFR]

ES 60 minutes.

Helluva move up.

Through the Pivot, and R1 and R2,

To the Moon, of course.

[JFR]

ES 5 minutes.

Two strong moves up since the open. (And more before that.)

More heavy lifting needed to get back on a bullish track, imo.

But it is all good. The bulls have hope.

Hitting resistance at 5588.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

FOMC day usually close weak, today so far is different.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387