06/24/2025 Live Update

[Cobra]

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The pullback overnight can be seen as a bull flag so bias is up.

[JFR]

ES daily.

Back up to the top of the very wide trading range.

Will it break out? Lots of uncertainties out there.

Bombing. Who's war is it? Tariffs. On. Off.

Reactions to the bombing: Oil up. Oil down. Market down. Market up.

Play it as safe as you can. Expect volatility, like yesterday.

[JFR]

ES 60 minutes.

The market's first reaction was down.

Then up yesterday.

Now flat.

The calm before the storm? Ha ha.

Hey, nothing seems to faze the market. Bunch of greedy people.

[JFR]

ES 5 minutes.

Chop. Chop. Chop.

Seems like even the Big Boys are not sure what to do. And retail is even more unsure.

A MarketWatch opinion from Charlie Garcia says to watch manufacturers, semiconductors, agricultural exports and defense contractors, to take advantage of the events.

That is him, not me.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[BullBear52x]

Fear not, will see to day should be a strong day, follow the $VIX like a hawk.

[JFR]

BAC Bank of America.

HQ in Charlotte, North Carolina. Founded in 1904 in San Francisco.

I've posted this one on here a few times, going back to 2022.

I still like it, but that is not a recommendation, just information.

Back later ...

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment focuses on solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 and is headquartered in Charlotte, NC. -- StockCharts

[BullBear52x]

Intraday: new swing high, it is bullish bias, BUT the red line is my play. a weak closed is no no....

[Cobra]

So far it's an uptrend day.

[Cobra]

Members only update at 12:10 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Trades w 2 Cats]

This is roughly 5 minute and 30 minute bars. Heavy dash line is the linear regression band, lighter dash line is the 21 EMA, both for 30 minute equivalent.

Point being we are running out of gas before crossing the overnight high. If we follow Cobra's observation of generally down in the afternoon this does not look good to me.

[Trades w 2 Cats]

Yea, we tagged the overnight high. Now what.

[Cobra]

The pullback probably will be bought. The question is whether it'd touch the EMA20 first.

[Cobra]

Testing day high, usually it'd be a cup with handle pattern therefore breakout on the upside is more likely instead of a double top.

[Cobra]

Members only update at 3:38 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:46 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