02/07/2025 Live Update

[Cobra]

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Rising wedge but still have plenty of rooms to grow so maybe not very bearish.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[jademann]

what just happened?

[Trades w 2 Cats]

University of Michigan Consumer Confidence showed a really big increase in inflation expectations. Added to jobs report market is seeing zero chance of Fed rate cuts.

[Trades w 2 Cats]

So did Deep Seek call the top? We have now had the three largest funders of AI report earnings and all we got was a gap close. Not looking good at this point to me.

[Cobra]

Members only update at 12:04 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here.

[jademann]

Monday might not be so good:
https://schrts.co/yKIMbMwE

[Cobra]

Don't know whether the low was in or not, maybe it's in, break above the pink area to confirm.

[Cobra]

General pattern would be like this.

[Trades w 2 Cats]

Maybe you all see something more positive. Given the ability of the US President to disrupt Sunday night trading I am not about to hold over the weekend!

[JFR]

ES daily.

Bearish candlestick.

Down to the EMA 20.

[JFR]

ES 60 minutes.

Aieyahh.

Down through S1,

through the Pivot,

through S1,

all the way to S2,

and there it finds some support.

[JFR]

ES 5 minutes.

Down and down.

Just beneath S2, it is trying to make a stand.

Trying to form a bottom.

[Cobra]

So far goes as expected, now let's see whether EMA20 can stop the rebound. Exceed the pink area to confirm the low was in.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Trades w 2 Cats]

Oh wow- Gap up open finishing with a great big bearish engulfing for the day at the end of the week. Talk about ugly for the bulls.

[Cobra]

Members only update at 3:49 pm
http://www.cobrasmarketview.com/2025/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377