12/27/2024 Live Update

[Cobra]

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Double top or not (red arrows), wait and see. It doesn't look like a double top to me though, could be just a bull flag or consolidation range.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Trades w 2 Cats]

Santa's sleigh got stuck in a rut.
This count is in serious trouble. Bond market is not happy and if that means institutional selling when decent volume returns then we are looking at a truncated minor 5th wave. But the next two higher levels are a 3 and a 5 so a significant pullback could be on deck to start the new year.

[Trades w 2 Cats]

Back at the chart that pays the bills it was looking like a bottom but that 6020 level isn't letting things go up.

[Cobra]

Revisit the day low, let's see whether bulls can make a double bottom. Looks to me breakdown is more likely but after the breakout it could be a classical breakdown then reversal up, at least 50% chances.

[BullBear52x]

Little update, gearing up for a volatile 2025. $VIX > 16 = day trader's heaven. it will be sideway market in the next 10 years, but for day trade, it doesn't matters. 10 handle volatility per minute bar will be awesome.

Here is my new sentiment reading for next day trading plan. for now doesn't look like a new HH were put on hold, but "the power that be" will always find ways to suprise the herds and makes things more interesting. it will be a good trading I think but not so much for investing in a sideways market.

[Cobra]

Now breakdown is more likely as triple bottom has been rare.

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Need break above the pink tinted area to signal that a bottom is near.

[Cobra]

Resistance, maybe a pullback first then perhaps try again which if indeed then breakout would be more likely.

[Trades w 2 Cats]

Not wearing my tin foil hat but I did draw a line at every 5 and 0, since I think those are option levels.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Members only update at 3:52 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