12/07/2023 Live Update

[Cobra]

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Might be a range here, now on the way to the range high.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[JFR]

ES daily.

Day 14 in this very tight trading range.

Above the EMA 20.

[Trades w 2 Cats]

Nice impulse up overnight. No impulse in regular hours. Watch Morad's show this morning (FuturesTrader 71) where he pointed out the delta on the overnight lift was really thin. He was going to sit on hands for at least the 1st half hour segment today. Seems like the standard advice for today, wait for the market to speak. Thinking the market won't speak into all that payrolls data hit tomorrow at ugly ugly 5:30 AM here in SoCal.

[JFR]

ES 60 minutes.

A roller coaster.

Up through the Pivot.

[JFR]

ES 5 minutes.

Through the Pivot, up to R1, and looking for more upside.

[Trades w 2 Cats]

It is ugly but it works for me. The Fib relationships are about right.
Bigger picture need this thing to get into the 4600's off the jobs report or fall hard below the 4550's to get a trend going so the experts can update their larger time scale counts.

[Cobra]

The pullback probably will be bought. So far looks like a strong uptrend day. Tomorrow's data leaked?

[JFR]

DFH, LEN and MTH have all been doing very well.

Home building and related interests.

[JFR]

ES 5 minutes.

We've hit the pause/pullback button.

Approaching the EMA 20.

[Cobra]

The bought was a lower high, now see whether it's a double top here. Need decisively clear the EMA20 below.

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[BullBear52x]

Swing setup: no change, day #4 since last buy triggered and still kicking.

[BullBear52x]

Intraday, inside day, same playbook. bullish bias above 61.8%

[BullBear52x]

Internals, back to positive again, it has been a battle field in this range for a good long time, patience is key for none day traders. Peace!

[theRASPYone]

So, last Friday was a strong buying day. Cobra said "this Bull shall have legs" during the day.
I know that Cobra has said that in the past and on charts, I'm pretty much gathering it just means another round of strong buying will happen if a sell off happens or it'll just keep going up, I guess? That Friday just kept going up! So, maybe it also means to just keep buying! Any insight on what this means intraday Cobra? (If your busy doing stuff you don't have to answer! Thanks)

[Cobra]

Members only update at 3:45 pm
http://www.cobrasmarketview.com/2023/12 ... ay-update/

[theRASPYone]

I think I answered my own question with this post!

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/12 ... ay-update/