08/16/2024 Live Update

[Cobra]

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The pullback probably will be bought. Biggest red bar now after consecutive red bars so it could be an exhaustion therefore we may see the rebound upon open.

[BullBear52x]

SPY, good bye kiss spot. LH sell the rip zone on a daily trend following, today's price action will be the tell if reversal should take place. it took 8 days of a dead cat bounce and still can not cover the lost of the last 3 down days not counting the ATH. today open will be an inside days, anything goes. stick to what you know.

[BullBear52x]

Plan yer trade, and trade yer plan

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[grandeG]

Hats off to you Cobra and other guys. I’ve found some very useful information from you all over the past few weeks. And what a wild past few weeks it’s been. From the low of 5119.26 on SPX till today’s high. Who could’ve ever guessed. Ssoooo … does the market go for a new ATH or do we need to retest the Lows … or? Things are getting interesting for sure.

[JFR]

ES daily.

Since the low of August 5, this is the 9th "bullish" bar.

Higher low. Higher high. Higher open. Close about the same as Thursday.

Price is catching its breath.

Eyes are still on the top. I would be surprised if it does not get there.

[JFR]

ES 60 minutes.

Two strong moves up.

From a trading range, it slipped down to the Pivot.

Now sitting on the EMA 20.

[JFR]

ES 5 minutes.

No progress to report.

Down a bit on the day.

Riding the EMA 20.

[Cobra]

Members only update at 12:07 pm
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

50% chances of double top here. Usually I'd say 40% chances, so already bear biased and ready to be slapped on the face.

[Cobra]

100% measured move up implying the up momentum still is strong so should be another leg up

[BullBear52x]

Swing setup: No change, dip will be bought.

Intraday: another new swing high, it is bullish, same playbook.

Internals: bullish bias, keep buying and selling until it fails. Peace!

[BullBear52x]

Bonus chart: Daily trend following is in sell the rip zone, RSI <70 = Trigger. keep it simple until then will bulls regain the bullish trend going into the year end. for now lets hope for 1% or 2% rate cut while deflation continue down, stock market to new high, and we are all will live happy enver after. Haha,

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/08 ... ay-update/

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2024/08 ... 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