10/10/2024 Live Update

[Cobra]

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Lower high or not, wait and see.

[BullBear52x]

Good morning, day trade pivot. let see 1 point =$50

[Cobra]

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

[BullBear52x]

In our new Ai world, day trading only enviroment, Bad internals = Buy so far the price action this morning is showing some rejection to the ATH. intraday high level scrap only, it will be very bearish if we head back and trade under overnigh low. chopfest with the Bearish edge.

[BullBear52x]

Intraday scraping, chopfest.

[Cobra]

Possible higher low (the low might be in for today).

[BullBear52x]

OK, the gap fill play and 2x top play. here is my play, line in the sand from here.

[BullBear52x]

Intraday is still in side day, anything goes on my rule of thumb.

[Trades w 2 Cats]

macro events have to be slowing the market for now. Israel war cabinet has approved plans to strike Iran. Chinese cash bazooka announcement on Saturday. Earnings season ready to kick off.
But to me the big deal is that funds and institutions are already all in and retail has been doing the heavy lifting the last couple of weeks according to Bank of America and others.

[BullBear52x]

Fearful market, new ATH with this type of $VIX reading, I will have to wear a helmet on the longs side ( position holding) scalping and day trade only for me. peace!

[Trades w 2 Cats]

Difficult to trade these channels.

[BullBear52x]

Bonus chart: Intraday H&S down side target.

[Trades w 2 Cats]

Bounced on lower trend line, then fell through and came back to test from below. Text book move but I am not seeing any significant selling picking up.

[JFR]

ES daily.

Still at the top of the trading range.

An inside candlestick.

It wants to breakout, but it won't be easy.

[Cobra]

Members only update at 12:02 pm
http://www.cobrasmarketview.com/2024/10 ... ay-update/

[JFR]

ES 60 minutes.

Extreme chop..Very dangerous. Like a washing machine.

[Cobra]

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

[JFR]

ES 5 minutes.

Going nowhere. No Man's Land.

The longer it is stuck in the range, the more likely it is to backtrack, and break down.

[Cobra]

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

[Cobra]

Finally we may have a double bottom, not sure how much was due to the close though.