06/20/2024 Live Update

[Cobra]

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The pullback probably will be bought.

[JFR]

ES daily.

New all time high.

Stair steps up.

"To the Moon, Alice."

Way above the EMA 20.

All-in long, right? Ha ha.

Better if you finesse it.

[JFR]

ES 60 minutes.

Level to level.

Pulling back through R3.

Consolidating after the gains.

[JFR]

ES 5 minutes.

Down through R3.

All the way to R2, where it looks for some support.

There are some jitters at the top. Profit taking, etc.

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[Trades w 2 Cats]

Call Wall graphic. So SPX 5500 is a big deal. Biggest triple witch in history according to many. More interesting is Samantha LaDuc on X said that Nvidia call volume is large than SPX for Friday opex. So maybe the parallels with Cisco are off, this is more Tesla where extreme otm call buying volume forced market makers to buy underlying forcing price up turning those calls into ATM calls, rinse and repeat. We saw Masa Son (Softbank) doing the same game for years with his various Ponzi scheme manipulations. We Work comes to mind.

Samantha's bottom line is the dealers will dump their stakes on Friday once the calls go away.

So there is a potential trigger for the much anticipated pullback. We will see next week.

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[Cobra]

Testing the day low, let's see whether bulls can make a double bottom here. For now it favors bears, i.e. doesn't look like a double bottom.

[Cobra]

Typically the rebound means the low was in. I'm not very sure this time, maybe there's another leg down still.

[BullBear52x]

Swing setup: there is change, las buy failed, 3rd dip buying is no go. next rip will be sold.

Intraday: swing high and low in same day. bearish engulfing action, very bearish.

Internals: bearish bias. buyers no show at this ATH, low volume and weaker internals all this time. Peace!

[BullBear52x]

Bonus chart: 3rd point hits on chart pattern. line resistance, clear breakout or the line wins.

[BullBear52x]

Last 4 months, bearish engulfing occured once a month, so far, they are all turns out to be a good buying opportunity, will this one be the same? releive rally pullback then charging up to new ATH? Patience, React, Don't predict. as of now, sell first ask question later.

[Cobra]

Possible 3 push down so a rebound might be due soon if not already started.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/06 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2024/06 ... 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

[koolblue]