11/29/2025 Live Update

[Cobra]

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Double top (red arrows) then breakdown then consolidation so bias is a little bit down as some chances it's a small double bottom here.

[Cobra]

Members only update at 10:13 am
https://www.cobrasmarketview.com/2025/1 ... ay-update/

[Cobra]

EMA20 now is the bear's last chance for 2nd leg down.

[Cobra]

Double bottom?

[Trades w 2 Cats]

Average tick bar is currently about 4 minutes. Pretty clear shape.

[Trades w 2 Cats]

Standard 2,ooo tick showing the slow motion hit on the lower line.

Too much on this chart so I changed VWAP to little boxes so it would stand out from EMA

[Cobra]

Members only update at 12:03 pm
https://www.cobrasmarketview.com/2025/1 ... ay-update/

[Trades w 2 Cats]

short term trend channel maybe.

I should add four touches on the upper line makes bulls look like no conviction.

[Cobra]

Not good, bears in control today. I remember the last year's Santa Rally, most days were down as well.

[Trades w 2 Cats]

Bulls had too much Eggnog last night. Looks like they are waking up. Need to see bounce off that overnight low from above (black tend line).

[Cobra]

The rebound is just the very first step toward a bottom, a revisit generally is needed as illustrated by dashed black lines.

[JFR]

ES 5 minutes.

Downhill slide. Finds a bottom.

The bounce is pausing at resistance.

[Cobra]

The revisit wasn't deep enough but if two consecutive strong bull bars here (we had only one for now) then I'd consider that the low might be in.

[Trades w 2 Cats]

6,945 is the magic number today. On the fast chart I see it act as support six times and resistance once.Seems to me that the bulls need to close above it.

[Trades w 2 Cats]

Are there enough old fashioned mutual funds left to cause a noticeable year end window dressing? Asking for a friend!

[Cobra]

Members only update at 3:31 pm
https://www.cobrasmarketview.com/2025/1 ... ay-update/

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2025/1 ... 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

[Trades w 2 Cats]

Ending the day with a close enough ABC. Implies down move has a second leg. Wait for Asian Pacific and Euro markets to decide where to go from here.