01/07/2025 Live Update

[Cobra]

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Small double bottom, hopefully strong enough to test the line above.

[JFR]

ES daily.

Resting at the EMA 20.

Halfway back to the top, on this bounce.

[JFR]

ES 60 minutes.

In a trading range, all around the Pivot.

[JFR]

ES 5 minutes.

A bit of a breakout. Will it resume the up move now? At the support level? Neither?

[BullBear52x]

Inside day, @ no man's land, anything goes. mixed signals today.

[Cobra]

Members only update at 10:03 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[BullBear52x]

Fearful market. the surprise will be to the down side as long as the $VIX is high >16. Peace!

[BullBear52x]

Over all it is still leaning bullish on the momentum, price action is negative, so, mixed signals for day trade. Nimble is the word.

[Trades w 2 Cats]

Waiting for the move off the low

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here. Right now bias is down so may break the blue line below first then we'll see whether it'd be classical breakdown the reversal up.

[Cobra]

Members only update at 12:12 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Breakdown is more likely.

[Trades w 2 Cats]

Maybe the bottom is in

[Trades w 2 Cats]

If we are done dropping and this wave count isn't busted by new lows then we are in for a big move up over the next several days. Certainly NVIDIA is whipping the public into a buying frenzy. Meta is making nice with the new admin, etc etc

[Cobra]

Revisiting day low let's see whether bulls can make a higher low or double bottom.

[Cobra]

Members only update at 3:33 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:51 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381