08/05/2024 Live Update

[Cobra]

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This bear shall have legs. Wow, didn't expect futures down this much, it's not just a bad data, wasn't it? Must be something else we don't know yet.

[BullBear52x]

Over time market is always up, but.....Outch!

[BullBear52x]

Time to go fihsing.

[Daniel]

Copper, IWM both hitting their 200sma today, first time in a long time.

In the midst of panic. First such touch usually yields a strong bounce.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

Time to go fihsing.

Too many people selling?

[Cobra]

It's a morning hourly hollow red

[KUBAN513]

I Took NIVIDIA on DT

[Cobra]

EMA20 now is the bear's last chance to make a 2nd leg down today.

[Cobra]

Members only update at 12:06 pm
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[JFR]

ES daily.

Aiyy Yahh. Blood in the streets.

Huge bear candle. But at least it came back up somewhat from a deep plunge.

We dropped to levels of April and May.

We heard Buffett was selling AAPL, etc. Warren did this. Ha ha.

[Cobra]

My guess based on 3 push up pattern. I don't expect today to go all the way up as it'd be very bullish - i.e. all problems are gone all of sudden (maybe there's no problem at all at the very beginning).

[JFR]

ES 60 minutes.

Looking back to Thursday, Friday and today, ES has moved down through R2, R1, the Pivot, S1 and S2.

It bottomed 4 hours ago, and moved back up to S2.

[BullBear52x]

Swing setup: samo, rip will be sold.

Intraday: not just a swing low, but another gap down and unfill low, so buyers need to do a lot more buying to get a clean reversal.

Internals: bearish bias. be careful diamond hands.Peace!

[BullBear52x]

Bonus chart: Key reversal, early bird, look no further than MACD histogram. Price action is good without a confirmation from MACD or momentum it's rookies mistake. Know the turn.

[Cobra]

Bulls were weaker than I thought, skipped dashed lines, went directly to the solid line and arrow.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

Members only update at 3:54 pm
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374