02/29/2024 Live Update

[Cobra]

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Let me guess, PCE must be down a little more than expected therefore the market is happy but not too happy otherwise it'd hit a new high by now. Anyway, probably the pullback was over.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[BullBear52x]

Sideways consolidation. what a mess but trend following method is my method to use, so here we are selling again.

[BullBear52x]

simplify Fibo top range consolidation range.

[BullBear52x]

In the past 3 weeks, economic data were not supporting upward moves, only TA like option gamma that plays a big roll in this. government shutdown is the talk in town next...same'O banana. the bill gonna pass

Stick to what works. your chart is your only friend.

[BullBear52x]

Intraday: you know the routine, look above and fail only if we trade back under 38.2%, closed above the red line is positive, anything below will be negative. but finding a support above 61.8% is still strong. so....pick your poisons....

[JFR]

ES daily.

Day 4 in the pause from the high of Feb 23.

Above the EMA 20.

All is in order, thus far.

[JFR]

ES 60 minutes.

Attempted breakout from the base.

Back inside.

Make up your mind, Mr. Market.

[JFR]

ES 5 minutes.

The bulls want action, up.

But the bears are tough.

[BullBear52x]

Why I called simplify, it is a brain dead simple as a map for day trade and early bird moves. one thing is for sure, we will move out of this range and that will not be a small moves. so....get it right, Think! or Swim!

[BullBear52x]

Glass hopper, this is nasty.

[JFR]

ES 5 minutes.

Level to level.

Getting support and a bounce at the Pivot.

Back later ...

[Cobra]

Typically this means the low was in.

[Cobra]

Members only update at 12:11 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/

[BullBear52x]

Simple trend following, I don't see the selling is done, it just starts. until the intraday sell setup failed, then...it's done.

[JFR]

SPY 5 minutes.

Ups and downs.

Heavy volume at the bottoms.

No progress.

Except for fades in the range.

[Cobra]

The pullback probably will be bought.

[BullBear52x]

I like intraday volatility range, we have 35 handles range day today. sleep good, tomorrow and the day to come will be an awesome day trade to be had. trade well, peace!

[JFR]

ES 5 minutes.

It wants to break out.

But it won't be easy.

Have a good afternoon.

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2024/02 ... ay-update/