11/11/2024 Live Update

[Cobra]

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Rising wedge, still big, so may still have some room to grow. Even indeed a pullback here, likely it'd be bought eventually anyway.

[JFR]

ES daily.

A giant marubozu last Wednesday.

Then 2 bullish candles, with higher lows and higher closes, but smaller each time.

And now another bullish candle six hours into the day, with the day time market about to open.

"All is well." True. But be very careful.

[JFR]

ES 60 minutes.

Trading ranges, moving up each time.

[JFR]

ES 5 minutes.

A big up. And a big down.

Sounds about right. The market is waiting.

And the elephants will soon be making their moves.

"Elephants." That is what Kevin Haggerty calls the brokers and banks and mutual funds, et cetera.

They move the markets.

[JFR]

ES 5 minutes.

First move up.

Attempted breakout of the EMA 20.

[JFR]

ES 5 minutes.

Two false moves already. Be careful.

Back later ...

[BullBear52x]

new high or no? Up and up only or reverse here.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2024/11 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[jademann]

crazy economy, I remember Bush jr explaining why the market went down every day for 18 months when he took office..

[BullBear52x]

day trade made simple, Manic Monday, sideways, weak sauce as of now, TSI will need to be stronger or buyers will fold shortly if not.

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2024/11 ... ay-update/

[Cobra]

Triangle, so bias is a little bit up.

[Cobra]

The EMA20 here is the bear's last chance for the 3rd leg down today. Typically the rebound would mean the low was in (or close, sometimes there might be a slight lower low) though.

[Trades w 2 Cats]

Elliott Wave fibs saying IF this is just an ABC with a rocket move up later in the week then we should bounce off of 6000.
If this is actually a new down leg then this wave 5 down needs to keep going.

[Cobra]

I see bull flag, bias is up.

[BullBear52x]

Swing buy setup: new buy new box, new HH this morning earned the bulls a buy coupon, new box, make or break.

Intraday: new swing high, it is bullish bias, but price action doesn't act like one. a closed under 38.2% will really put a bearish piercing candle into a daily bar. it's Monday, suppose to be sideways and going nowhere. Peace!

[BullBear52x]

Bonus chart: overbought but don't see any turn to call out to, it will come. for now sky is clear, patience!

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2024/11 ... ay-update/

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2024/11 ... ay-update/