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kind of descending triangle, so bias is down. yes, you could read it as a double bottom. just I think it's more likely a descending triangle. there's no absolutely right or wrong, only lucks.

members only update starts here: http://www.cobrasmarketview.com/2019/02 ... ay-update/

need to see LL for a trend change from up to down, so, there will be a fight today.

sell @94

my game plan today is if it will turn out to be a range day I want to be closest to the top or bottom of the range as possible. I am hoping for one more down trend day. will it be or not will have to wait and see.

8:44 AM 2019-02-08

dir =-1
rng = 20.25,25.75

est
HOD=2707.50
lod=2681.25

(breakdown possible < 2679.25) but Friday so unlikely
more likely is choppy garbage

Thanks daytrading ES
FT71 estimates, Primary up to 2695.75 then down to 2687, consolidation, down to 2680 then finish the day moving into the bottom of yesterday's range.
Secondary down to 2687 (Overnight Low) then grind up the rest of the day into yesterday's range.

Expected target the weak double bottom put in on Tuesday and Wednesday.

testing yesterday's low, key time. usual pattern is breakdown then sharp reversal, aka bear trap. let's see.

LIVE: Acting attorney general Matthew Whitaker testifies before the House Judiciary Committee
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Odd Stats wants us to know last 3 day losing streak was Dec 20 to 24, 2018.
edit- que Darth Vader marching music

bearbreak will be a trend day, morning bears can not lose atm.

LL as expected will see if bulls can make a counter trend from here.

Wishful thinking

dtES estimated ranges for today....

8:44 AM 2019-02-08

so far LOD 2683.25 vs 2681.25 est
dif 2 pts

daytradingES wrote:8:44 AM 2019-02-08

so far LOD 2683.25 vs 2681.25 est
dif 2 pts

dtES, do you provide these estimates on the Cash market or the ES futures? I just want to make sure I'm clear.
thanks!!!

Trades with cats wrote:Thanks daytrading ES
FT71 estimates, Primary up to 2695.75 then down to 2687, consolidation, down to 2680 then finish the day moving into the bottom of yesterday's range.
Secondary down to 2687 (Overnight Low) then grind up the rest of the day into yesterday's range.

Expected target the weak double bottom put in on Tuesday and Wednesday.

does this mean his primary scenario is
2695.75= hod
and
2680 = LOD
?

te_fern wrote:

daytradingES wrote:8:44 AM 2019-02-08

so far LOD 2683.25 vs 2681.25 est
dif 2 pts

dtES, do you provide these estimates on the Cash market or the ES futures? I just want to make sure I'm clear.
thanks!!!

The estimates are for ES (hence the moniker!! :lol)

The futures emini contract which is currently March 2019

daytradingES wrote:

te_fern wrote:

daytradingES wrote:8:44 AM 2019-02-08

so far LOD 2683.25 vs 2681.25 est
dif 2 pts

dtES, do you provide these estimates on the Cash market or the ES futures? I just want to make sure I'm clear.
thanks!!!

The estimates are for ES (hence the moniker!! :lol)

The futures emini contract which is currently March 2019

Looking good so far boss, new LOD from here it will be a bull trap big time.