01/08/2025 Live Update

[Cobra]

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3 push down (red arrows) so maybe 2 legged rebound here. In the past it'd be 1 leg straight to the moon though.

[JFR]

ES daily.

Right smack, dab in the middle of nowhere. No Man's Land.

Between key support and resistance.

Below the EMA 20.

In an ugly trading range.

[JFR]

ES 60 minutes.

Tried to slip beneath the trading range.

Bounced back to lower edge.

[Cobra]

Members only update at 10:06 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[te_fern]

ST resistance

[te_fern]

Medium term range

[Trades w 2 Cats]

Todays action. te_fern has shown the falling wedge. That says we we fail at moving up and return to a down day. I like the re-test of the opening print as a swing high

[Cobra]

H&S bottom (green arrows) and the neck line has been tested many times so breakout is more likely now, maybe the low was in.

[Cobra]

Members only update at 12:05 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Failed breakout now revisiting the day low, let's see any chances of a double bottom.

[te_fern]

Falling through more support..

[te_fern]

Falling faster than I can post the charts....LOL!!

[Cobra]

Don't know whether the rebound means the low was in or not (it's a lower low trend reversal setup). My guess is not, it might just be a bear flag.

[te_fern]

Back in the downward channel (see yellow). Is this resistance??

[Cobra]

Testing the day high, if this is a range day as it so far looks like then a pullback should be due soon.

[Trades w 2 Cats]

Channel is pretty firm.Wish I had seen it sooner, big bucks trading off those trend lines if I had seen them!

[Trades w 2 Cats]

Personal note:
We spend the winter in the desert foothills between LA and San Diego. Currently getting 40 mph gusts. The north side of the LA basin is totally engulfed in flames. This is going to be the equivalent of the hurricanes in the South East. Insurance companies will be selling lots of stuff to pay claims. Well over a thousand million dollar plus houses probably burned to the ground.

[Cobra]

Possible higher low, now better chances the low might be in.

[Cobra]

Members only update at 3:43 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/