01/16/2025 Live Update

[Cobra]

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3 push up (red arrows) so it's about to rollover?

[JFR]

ES daily.

Yesterday was a huge marubozu, a very long candle.

Today is a doji, with the open and close the same. That will most likely change, up or down.

It has opened today above the EMA 20.

The bulls reacted to hitting the bottom.

But the bears are still there.

[JFR]

ES 60 minutes.

Big day yesterday.

Today it is in a range.

[JFR]

ES 5 minutes.

Slipping down a slippery slope.

It is an even contest imo, with the bulls and the bears even as they near the start of the day's race.

[BullBear52x]

inside day, right at 100%, easy day to start off. selling right now.

[JFR]

ES 5 minutes.

Uh oh. Testing down beneath a key support level.

Just a test. Maybe. Ha ha.

Back later ...

[Cobra]

Members only update at 9:58 am
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[BullBear52x]

Day trade made simple, as long as we trade under moving average and TSI is under 0 line, bearish leaning to continue,

[BullBear52x]

Turns out to be another choppy day. none trend, no trade for me. peace!

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[Cobra]

Nothing to day, so far it's a boring range day, maybe an ascending triangle is in the making.

[JFR]

SPY 5 minutes.

Ugly chop.

Down to the bottom of the range.

[Cobra]

Still pretty much in a range and this was why it's rebounding as it hit range low.

[Cobra]

Members only update at 3:34 pm
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2025/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397