10/02/2024 Live Update

[Cobra]

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Symmetrical triangle or descending triangle, bias is a little bit down.

[JFR]

ES daily.

Not very promising for the bulls.

Back down to the bottom of the range.

Down to a key support/resistance level.

If it breaks down, we could expect another serious pullback.

Will it break down? Maybe not. The bulls have money and hopes.

[JFR]

ES 60 minutes.

Down through R1 and the Pivot.

The hourly is in a range of its own.

Beneath the EMA 20.

It represents a serious hit by the bears, mostly in the one hour or two starting at 700 am yesterday.

Too much for the bulls to counter? Well, never that. But sometimes the bears take control for a while.

[BullBear52x]

Emotional market, very volatile. this is the time when you have to have a stop before an entry.

[JFR]

ES 5 minutes.

Chop. Chop. And more chop.

Back later.

[BullBear52x]

yesterday LOD is key pivot, bearish consolidaiton or bullish peircing candle remain to be seen.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[BullBear52x]

Bad day fishing is better than sideways trading day. Peace!

[Trades w 2 Cats]

Retesting that high volume ledge from below.

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[Cobra]

Not a strong rebound so far, maybe a rising wedge is in the making.

[Cobra]

Maybe the pullback was over? If bulls can touch the horizontal blue line above then breakout would be more likely.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/10 ... 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