01/04/2024 Live Update

[Cobra]

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Another possible classic double bottom here, although this time it can be seen as a consolidation therefore if you normally use paw to walk you might see it will "continue" down.

[JFR]

ES 60 minutes.

After a couple of down days, now testing down beneath the support level of 4740.

Look out below.

[JFR]

SPY daily.

Testing the bottom of the range, right at the EMA 20.

A doji so far today.

[Cobra]

Members only update at 10:12 am
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Trades w 2 Cats]

Everybody and their cousin is watching that very weak section that would get us back to 4710 in a heart beat. Big show is tomorrow before the open with the payrolls number. If it is good I am guessing that will be bad for the market and the bond market will have to rethink their current estimate of six rate cuts, something they already regret assuming.

[Cobra]

Consolidation, bias is up.

[BullBear52x]

Swing setup: New sell triggered, new box, make or break!

[Trades w 2 Cats]

Added "Weekly VWAP" to the 5 minute regular hours chart. So it did a great job of showing us yesterday's high. Waiting to see if it repeats today.

[BullBear52x]

Intraday: we have new swing low, it is bearish bias, but, a trade over 61.8% could change that view, by closed we will be able to tell if this reversal turns out to be a bullish piercing candle if we can hold above 61.8%.

[BullBear52x]

Internals: bottom fishing shows up, let see how A/D issues ratio can hold up above zero or not by the closed. Peace!

[Cobra]

Members only update at 12:15 pm
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[BullBear52x]

The end of significant giant. AAPL. the two gap downs and how important it is to its outlook going forward. Until the gap were properly regained I don't see bullishness in it long term. Zip Zero!

[Cobra]

The rebound so far looks like a bear flag which mostly doesn't work as it supposed though.

[Cobra]

So bear flag worked today. Now let's whether the typically worked double bottom (green arrows) works.

[Trades w 2 Cats]

Dancing on the edge of the cliff !

[BullBear52x]

Tomorrow will be a big data day at the open, it's Friday, quick ins/outs.

But if you want to guess Nonfarm Payrolls, we have ADP came out today. this is not the best but they are one of the tells on tomorrow Nonfarm Payrolls. they came out this morning and it is way up, they will revise this but for now, I would expect a good Nonfarm Payrolls number tomorrow. GL

[Cobra]

Members only update at 3:39 pm
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Cobra]

Members only update at 3:52 pm
https://www.cobrasmarketview.com/2024/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397