02/20/2024 Live Update

[Cobra]

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Could be a rebound here first then we'll see.

[JFR]

ES daily.

Slipping down beneath the trendline.

EMA 20 just below.

But it is still in a range.

[JFR]

ES 60 minutes.

Down Friday. Down this morning.

Down through R3, R2, R1, the Pivot, S1, S2, all the way to S3, where it finds some support.

[JFR]

ES 5 minutes.

Chopping along in a range, for a couple of hours, prior to the open.

[BullBear52x]

in no man's land @50% support.

[JFR]

CM. Canadian Imperial Bank of Commerce.

From one of my WatchLists. None of the stocks or ETFs made even a 30-day new high.

But CM did make a 20-day new high.

Leaves room for a move to the top, if not sailing into blue skies.

Not recommending of course.

The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history.[3][7] It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank. -- Wikipedia

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

A small descending triangle so bias is down (as I'm typing, it's already broken).

[JFR]

ES 5 minutes.

Down through S3.

All the way to 4983, where it finds some support. Precarious though. Sitting on a ledge.

Back later ...

[Cobra]

EMA20 now is the bear's last stand for today.

[JFR]

WMT.

Big up day. Earnings and acquisition news.

Good price move since December.

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

Bias is down.

[JFR]

WMT.

Traders could have caught the gap move with extended hours chart and premarket trading.

[BullBear52x]

Swing trade setup: rips will be sold. after a failed buy, the big slide down. no new setup until then...

Intraday: well, easy down trend so far.

Internals: bearish bias. so far overall price actions in short term is bearish, First red elder impulse system, a new weekly LL will really shake a lot of buyers. Peace!

[Cobra]

Typically the rebound here means the low was in. Today, hmm, I'm not so sure, maybe another small leg down?

[BullBear52x]

day trade level to watch, gap area of support for now, a new LL could get ugly fast.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381