12/04/2024 Live Update

[Cobra]

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Good up overnight so maybe bias is up.

[BullBear52x]

Calm market, $VIX =13, no reversal in sight, blue skies to the open.

[BullBear52x]

Up trending continues. lets see what today brings.

[BullBear52x]

Gap play, go or no go? weaker open so far.

[Trades w 2 Cats]

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!

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[BullBear52x]

Good MA support but cannot say it's gap and go, day trade pivot.

[BullBear52x]

MA supports, up trending. day trade made simple. bear will have no say until the MA support fails. until then......

[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.

[BullBear52x]

Will today marks the first reversal day? big gap to fill, scalpers all eyes....It's holiday season, be nimbled, peace!

[Cobra]

Members only update at 1:12 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

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

[Cobra]

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

[JFR]

SPY daily.

Gap up. No fill, as of now.

Chopping along.

[Cobra]

Members only update at 3:51 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[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