02/03/2025 Live Update

[Cobra]

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Double bottom or not (red arrows), wait and see. Generally, should be another leg down though.

Let's make it very simple: ASSUME 25% tariff can make all works back to US, but it needs years to setup (build new product lines, mostly new factories), so are you ready? Is the stock market ready? For years?

[Cobra]

Members only update at 10:09 am
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

EMA20 now is the bear's last chance for another leg down. Don't tell me it'll be an uptrend day today, although in the past it's quite possible.

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend day.

[JFR]

ES daily.

Aiyahh. The market reacts to tariffs.

Extremely sharp down candle, through the EMA 20.

[JFR]

ES 60 minutes.

Down through R1, through the Pivot, through S1, through S2, all the way to 5935.

And there it finds some support, and gets a bounce, back up to S1.

[JFR]

ES 5 minutes.

Back up through S2, all the way to S1.

And there it finds resistance.

Expect some chaotic times in the market.

Best to be a day trader.

[Cobra]

Members only update at 12:06 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Trades w 2 Cats]

We dropped far enough to complete the retrtacements. But where is that third wave with a powerful up move?

[Cobra]

Breakout to the new day high, so the low was in for today. Maybe it'll even close up?

[Cobra]

Members only update at 3:41 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374