Back to www.cobrasmarketview.com

12/04/2024 Live Update

Post Reply
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

12/04/2024 Live Update

Post by Cobra »

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.
  • Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
  • Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
  • Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
  • I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.
===============================================================================================================================

Good up overnight so maybe bias is up.

0.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Calm market, $VIX =13, no reversal in sight, blue skies to the open.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Up trending continues. lets see what today brings.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Gap play, go or no go? weaker open so far.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades w 2 Cats
Posts: 2033
Joined: Tue Dec 15, 2020 3:48 pm

Re: 12/04/2024 Live Update

Post by Trades w 2 Cats »

ES 12-24 (2000 Tick) 2024_12_04 (6_45_06 AM).png
Pretty clear that a 50% retrace of yesterdays move would be achievable.

The wave counters I follow have been looking for a 40 point pull back before we continue on up. Clearly did not happen yesterday!
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Good MA support but cannot say it's gap and go, day trade pivot.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

MA supports, up trending. day trade made simple. bear will have no say until the MA support fails. until then......
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Another one, $vix <16, I don't expect more than 5 handles move in any one direction on a trade. no new HH from here with LL to follow, the top of day will be called. so....buyers cannot rest here.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 30157
Joined: Tue Feb 22, 2011 3:47 pm

Re: 12/04/2024 Live Update

Post by BullBear52x »

Will today marks the first reversal day? big gap to fill, scalpers all eyes....It's holiday season, be nimbled, peace!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »

The line has been test many times so breakout would be more likely if bulls are able to touch it again.

0.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »

Rebound strong so not sure whether it'd be sold or not.

0.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
JFR
Posts: 10722
Joined: Sun Dec 02, 2012 7:24 pm

Re: 12/04/2024 Live Update

Post by JFR »

SPY daily.

Gap up. No fill, as of now.

Chopping along.


Screenshot_20241204_105233.jpg
Charts posted are not recommendations. They are just a sharing of information.
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 60500
Joined: Sat Feb 12, 2011 10:29 pm

Re: 12/04/2024 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply