03/01/2024 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

===============================================================================================================================

Double top or not, wait and see. 50% chances.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[BullBear52x]

Volume spiked over 3 Bil yesterday in overbought territory. this is 3rd time on this run up, 3-5% correction seems to be impossible with AI at work.

[Cobra]

No sharp pullback in the next couple of bars then it's an uptrend day.

[BullBear52x]

Very weak run up, see 1 min. RSI, never hit 70 since market open, I want to see better momentum, at this point I will wait for MA support for dip buy.

[BullBear52x]

This is the strength I am looking for, RSI >70 with new high, now both buy dip or chase up are on the menu.

[Cobra]

The pullback probably will be bought

[BullBear52x]

Buy in, no penny lower from this point for buyers.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Cobra]

Breakout is more likely.

[JFR]

ES daily.

Hard push at the top.

Trying for a breakout.

[JFR]

ES 60 minutes.

From S1, through the Pivot, through R1.

And keeps on going.

[JFR]

ES 5 minutes.

Trend day. One for the bulls.

Yee Haw.

[BullBear52x]

Swing setup, dip will be bought. New ATH it is.

Intraday, Bullish too bullish to even bother to mention what can go wrong.

Internals: buying got follow through from yesterday, it's so bright outside, you got to put on some shades. Peace!

[Ratbastrd]

Watch for the rug pull. Seeing a lot of strange options activity today.

[BullBear52x]

Bonus chart: Before the weekend, pull up your chart with 50 dma on it. with the run like we have of late (months) without testing it, in the past there is no such thing as soft correction without a proper retest. The next down leg I will look to 50 dma not 20 dma for support.

[koolblue]

Time to sell? A Demark sequential 13 sell signal has been triggered. Should be good for a couple hundred spx points/

[BullBear52x]

I am so itching to short this market, but not yet, Patience, react, don't predict. It will come when the least people expecting.

[BullBear52x]

As of now, just wait for when the bell rings, market open every morning, and start feeding like the Pavlov's dogs.

[Ratbastrd]

I am so itching to short this market, but not yet, Patience, react, don't predict. It will come when the least people expecting.

I'm not sure anyone expecting it now. Agree with the patience advice, 60 day window puts are looking very attractive at these low VIX levels.