12/13//2024 Live Update

[Cobra]

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Triangle? So the rebound is to touch the upper boundary at least?

[Cobra]

Members only update at 10:17 am
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

No sharp rebound in the next couple of bars then it's a downtrend day, key time.

[Trades w 2 Cats]

Looking like we really need that its Monday rally.

Not choosing a side here, just an observation. Market comments seem to be leaning to the Fed not cutting rates in 2025. With the earnings multiple poking around at 1920's levels and the economy slowing down from all that financial stimulus the thrill is gone.

[Cobra]

The rebound probably will be sold if not already. The good news is, downtrend day not confirmed yet.

[Cobra]

Members only update at 12:17 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Maybe 49% chances of double bottom here.

[Cobra]

Not sure whether it's a double bottom or not, maybe 51%. Exceed the pink tinted area to confirm which is too late for trade though. For trade you'll have to always take some risks of course.

[grandeG]

Looking forward to reading this weekend’s updates! I just finished reading last weekend’s again. You guys have always have super helpful information! Nothing eventful left for today’s so I’m signing off. Have a great weekend!

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/12 ... 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

[JFR]

SPY hourly.

10 days in a wide trading range. No progress.

Maybe a little bit bearish, with the lower high.