02/21/2025 Live Update

[Cobra]

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In the middle of a range so maybe more up to test the range high?

[BullBear52x]

Inside day, anything goes.

[BullBear52x]

A daily trend following update: Last sell setup failed, dip will be bought on this big picture from "It is what it is department".

[Cobra]

Members only update at 10:16 am
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Trades w 2 Cats]

Its Deja Vue all over again.

[BullBear52x]

swing setup is still in a buy mode, make or break, if break, we will have a trend change.

[Trades w 2 Cats]

Today's action. I am playing around with an Exponential Hull Moving Average band as a cross over with the 21 EMA. That looks like we are ready to chop around until the POWER HOUR

[Trades w 2 Cats]

IF this count is close looks like 2 down isn't over. It looks like the breakout above the channel is failing. But Monday will tell us the story.

[Trades w 2 Cats]

Not making any predictions but just looking at channels and prior drops. That is a 200 point channel so if we dive for the bottom, well better buckle up butter cup.

[BullBear52x]

If I have a crystal ball, I will call a bottom of the day here. well, close out all sell per se.

[Cobra]

Testing EMA20 where is the bear's last chance for a 2nd leg down. I think they may have chances today.

[BullBear52x]

Intraday: new swing low for second day in a row, it is very bearish. yesterday buyers got trap so they don't want to buy in as hard again. key pivot is yesterday's LOD.

[Cobra]

Members only update at 12:07 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Testing day low, now let's see whether bulls can make a double bottom. Usually it'll break the low but sometimes it's a break then reversal up so need wait and see.

[BullBear52x]

Down trend day it is.....Red line is my stop out for the day. Peace!

[Cobra]

It's a measured move down, pink area is the 100% text book target.

[Trades w 2 Cats]

Wave counting says we have a more or less standard abc down. Current c leg is where the Fibs say and higher 2 down is also where the fibs say. if they don't start a bounce and we open gap down on Monday it could blow out the bull scenario and get us a big drop next week as I am not predicting in an earlier post. As for me, I will fire up the new laptop Sunday night.

[Cobra]

More than 100% target which means the selling pressure still is strong so maybe a rebound or consolidation here then probably another leg down.

[JFR]

ES daily.

Aiyahh.

Sharp down, beneath the EMA 20.

[JFR]

ES 60 minutes.

Down through the Pivot.

Through S1.

Through S2.

All the way to just above S3.