11/12/2024 Live Update

[Cobra]

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Double bottom or not, wait and see.

[JFR]

ES daily.

Whoa. Put the brakes on.

The bears are awake and active.

And the bulls are there buying as always.

[JFR]

ES 60 minutes.

Very wide trading range.

Beneath the Pivot.

Hanging on the EMA 20.

[JFR]

ES 5 minutes.

Down. Up.

Treading water.

I was active earlier this morning.

Back to sleep now.

"Let's be careful out there," like the roll call sergeant said.

https://www.youtube.com/watch?v=Jmg86CRBBtw

[BullBear52x]

Open by the way of INSIDE DAY.......get the first trade right you will be alright all day

[BullBear52x]

Overnight weakness, we could have a good fight among bulls and bears but late day weakness is to be expected. let see if a trade above 61.8% holds.

[JFR]

ES 5 minutes.

Going for a breakout above the Pivot.

Real or fake?

Play everything short term, day trade and scalp.

Later ...

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2024/11 ... ay-update/

[Cobra]

No big rebound in the next couple of bars then it could be an uptrend day.

[BullBear52x]

Trap or no trap on the way down......

[Trades w 2 Cats]

Gamma Labs posted a freebee last night saying major options wall at 6,000. Looking like we could be testing tat if any of the upcoming news triggers even more selling.

[Trades w 2 Cats]

Looks like time for the bulls to show up,

Found a new toy at the Ninja Trader indicator sharing site. Dynamic ADX in all its technicolor glory across top ofmy chart. Added the actual DI raw score as an overlay, the black line.

[Cobra]

Let's see if this is a classical breakdown then reversal up.

[Trades w 2 Cats]

So far looking like we need one more low. Counting waves doesn't work on fast charts but this would look like a W4 above trend and now down for a W5 to test that options wall at 6,000.

To paraphrase an old musical 'do anything you want in the street, just don't scare the retail investors'. I think a drop below 6,000 is not good for retail.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2024/11 ... ay-update/

[Trades w 2 Cats]

extended third wave then into fourth for now. With all the buyback billions and year end cash it will take a lot of panic selling to slow this down before year end. Also money coming out of China right now needs a home and that isn't going to be on the European exchanges. Find out how wrong I am by mid January

[BullBear52x]

Too easy for bears today, no challenge yet.

[BullBear52x]

Day trade made simple, TSI 0 line. no bottom until buyers manage to hold up above it.

[BullBear52x]

Swing setup: last buy failed, there is trend change, rip will be sold.

Intraday: new swing low, it is bearish bias, $50 per point can be dangerous for buyers at this point. Peace!

[Cobra]

The rebound probably will be sold.