10/08/2024 Live Update

[Cobra]

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Rebound from range low, still some distances to the range high so more up? Down again to test the range low then the low probably won't hold as it's been tested several times already.

[JFR]

ES daily.

Down to the EMA 20.

But the candle is a hammer, bullish.

The longer the trading range lasts, the more likely it is for the bears to force another pullback.

[JFR]

ES 60 minutes.

Big ups on Friday.

Down Monday.

Today is trying to move back up, 26 points at this time.

[BullBear52x]

Complacency level on CPC, FOMO like there's no tomorrow. a good fade to this inside day gap.

[BullBear52x]

Last buy failed, rip will be sold, gap up to where the dump started yesterday. Hmmmmm

[BullBear52x]

Key pivot intraday @ 61.8%, the open rejection will be bad

[Cobra]

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

[Cobra]

The breakout is an early sign of an uptrend day.

[BullBear52x]

Swing sell the rip is also failed, we are going nowhere.

[Cobra]

Generally needs 2 push up before a meaningful pullback can be possible. Uptrend day not confirmed so far.

[Trades w 2 Cats]

Regression channel looks like the algos were active. DI+ indicator shows three surges. was this just some Gamma Games by the banks?

[Trades w 2 Cats]

Slow chart says we are at the make it or break it trend line.

My wave count is a mess. Central Banks interfering in the market place mess things up.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[BullBear52x]

Internals are bearish but market just doesn't want to give in. The old saying " Don't short a dull market"

[BullBear52x]

beside the volatility index, this is no way the bullish chart in my book. I can't buy this market at this juncture.

[Cobra]

Kind of ascending triangle, bias is up.

[Cobra]

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

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what 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

[JFR]

ES 5 minutes.

ES fully recovered from the losses of Monday.