01/02/2025 Live Update

[Cobra]

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Possible double bottom, actually it's 3 push down so the rebound could be 2 legged, now is the very first leg.

[BullBear52x]

Inside day, anything goes on this corner. bearish leaning.

[BullBear52x]

Welcokme 2025

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[BullBear52x]

swing setup, make or break? 2x top or breakout it goes....

[BullBear52x]

Internals are weak, $VIX >16, under cast weather.

[Cobra]

Measured move down, may test the previous trading day low.

[Trades w 2 Cats]

Tesla
Probably the first of the Mag 7 to not meet heightened expectations for performance. Considering they are close to half the market and account for almost all the upside this is a fragile situation.

[Trades w 2 Cats]

Big volatility but they are going to have to step in or we will be selling off into an oversold mess.

[Cobra]

Members only update at 12:01 pm
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[Cobra]

Well, guess this bear shall have legs.

[Trades w 2 Cats]

Descending triangle breakdown.
With Apple and Tesla not happy nobodies happy.

[Trades w 2 Cats]

Pretty clear my little wave counts just blew up.
Real question is which low breaking will start another leg down. So many choices!

[Cobra]

Consolidation, bias is down but good news is generally a rebound is near.

[JFR]

ES daily.

"As January goes, so goes the year."

Ouch. Crazy times. Maybe crazy markets too.

Dropping in on a key support level. 5864.

Are you scared? If it drops below that level, be warned, if you are a permabull.

If you are mostly a day trader, just another day at the office.

[JFR]

ES 60 minutes.

Got the downs.

All the way from R3, through R2, through R1, though the Pivot, through S1,

all the way to S2.

And there it seeks some support.

[JFR]

ES 5 minutes.

Seeking support at S2, 5880.

[Trades w 2 Cats]

https://stockcharts.com/marketcarpet/?group=SEC
Telsa down over 6% Apple down over 3%. Window dressing must be over and the fund managers must be dumping the big names to get out before earnings. The last go round on keeping the doors open at the Government made it pretty clear that Congress is having second thoughts about coming up with the liquidity to keep the party going. Maybe Monday we get a snap back rally so strong it snaps your head back, wait and see.

[Trades w 2 Cats]

What can you say!

[BullBear52x]

If I have a crytal ball, we are bottomed today.