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07/24/2026 Live Update

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Cobra
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07/24/2026 Live Update

Post by Cobra »

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Higher low or not, wait and see.

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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »


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BullBear52x
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Re: 07/24/2026 Live Update

Post by BullBear52x »

Inside day, anything goes....same playbook different day. :D
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (2000 Tick) 2026_07_24 (10_22_21 AM).png
Not much action so far. I don't like the range days with outside in trading because the suddenly break out on news or something else unexpected.
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (15 Minute) 2026_07_24 (10_09_48 AM).png
Wave count says we are heading down for a bit lower to complete a five wave set. Then assuming better war news next week and good earnings a nice ABC up. The market will tell us if this is right.
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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »

We can see bulls were rejected several times at the resistance (blue line). If they can try again, then breakout would be more likely as the more test the less likely the resistance would hold.

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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (2000 Tick) 2026_07_24 (10_48_22 AM).png
Looking like text book trading range with price action centered on VWAP and reversing at 2 standard deviations.
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BullBear52x
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Re: 07/24/2026 Live Update

Post by BullBear52x »

A pivot back into the chop zone? :idea:
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (6000 Tick) 2026_07_24 (11_04_35 AM).png
Looking at the 3x chart (6,000 ticks) today's text book continues. Fourth touch of the opening range high moved on up for a breakout, but it stopped at the overnight high which was also the 3 sigma deviation of VWAP, a level that is usually only touched once or twice a day, if at all. According to the experts that is.
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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »

Now testing the yesterday's high. I think this bull shall have legs.

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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »


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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »

The pullback is too sharp so probably has legs.

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BullBear52x
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Re: 07/24/2026 Live Update

Post by BullBear52x »

Swing setup: new sell new box. make or break.
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Re: 07/24/2026 Live Update

Post by BullBear52x »

Bigger picture, line in the sand. weakies weakie.
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BullBear52x
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Re: 07/24/2026 Live Update

Post by BullBear52x »

Fearful market going into the weekend. the oversold conditions are working out its pressure. next week, will tell, I am leaning bearish until this fearful condition subsided. Peace!
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (6000 Tick) 2026_07_24 (2_28_57 PM).png
Fun and games on a derivative expiration day. Slammed it hard up to yesterday high then drifting back down into the range.
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (2000 Tick) 2026_07_24 (2_28_04 PM).png
Dropped down to VWAP, gave us a bounce, then on down on it's way to doji land for the daily bar.

If the close is neutral maybe they will try anther launch on Monday. But right now the 401 K crowd will not like what they see when they look at their accounts this weekend.
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Re: 07/24/2026 Live Update

Post by Trades w 2 Cats »

ES 09-26 (6000 Tick) 2026_07_24 (2_43_42 PM).png
Will we or won't we bounce for the third time? Bears big chance to set the tone for the weekend!
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Cobra
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Re: 07/24/2026 Live Update

Post by Cobra »

The rebound so far looks like a bear flag so probably still another leg down.

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JFR
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Re: 07/24/2026 Live Update

Post by JFR »

SPY 15 minutes.

Very active market. Hyperactive.

Volatile. Crazy even. Sharp moves up and down, like someone's moods.

Like some leaders.

Definitely playable, although erratic as hell.

SPY.png
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