03/19/2024 Live Update

[Cobra]

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In range or triangle, direction unknown because the trend leading to the triangle wasn't clear as well. The market is waiting for the FOMC tomorrow.

[JFR]

ES daily.

In the same ever-expanding range.

A doji. Indecision.

Perched on the EMA 20.

Waiting for a breakout.

[JFR]

ES 60 minutes.

From a range between 5202 and 5220, it moved down to S1, and then got a bounce.

Pressure down? Mr. Market needs to make up his mind.

[koolblue]

[Trades w 2 Cats]

Nothing new, just documenting that NVIDIA was a yawner last night. So, as has been said, all eyes on Jay Powell. Market is ready for a rug pull by the Fed.They are running out of time for any cuts as cutting before the election is fraught with peril for their future independance.

[JFR]

https://www.marketwatch.com/articles/mi ... od=markets

Crypto anyone?

Not this trader. I will keep my trust in the U.S. dollar and other currencies.

Play crypto? Nope. There are better markets, imo.

Whatever. If you can make a chart for it, you can trade it. But "mining," using all that electricity seems crazy to me. And the guy that invented Bitcoin is completely mysterious. Ha ha.

It looks like it is here to stay, at least for the time being. I will stay with the usual markets.

BTW, I know a couple of people who lost their password for Bitcoin. Ha ha.

Cryptocurrency stocks were falling Tuesday as Bitcoin slid from its record high last week.

Shares of MicroStrategy lost 12% in trading Tuesday, while Coinbase was off 5%, Riot Platforms was down 3.5%, and Marathon Digital declined 3.9%.

Bitcoin last week hit a record high of nearly $74,000, days after flying past its November 2021 peak near $69,000. Bitcoin has declined 5.1% over the past 24 hours to $63,520.

The downturn could gain momentum, according to analysts, but they remain optimistic on the long-term outlook, Barron’s reported. -- Barron's

[BullBear52x]

Gap and go or no go? red line is level to watch, new swing low, down we go.

[Cobra]

Members only update at 10:18 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Cobra]

Double bottom?

[JFR]

ES 5 minutes.

Trying for a breakout, such as it is.

Boring? Yeah. But there are fades and little breakouts to play. Moving from level to level.

Back later ...

[Cobra]

Members only update at 11:57 am
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[koolblue]

[koolblue]

Stopped out for a 5 point loss. The market actually looks good here for bulls .Ticks are strong and indicators are good

[Cobra]

This bull shall have legs.

[BullBear52x]

NVDA is back retest 38.2% once again, the bottom is in this time around? they can not stop buying here.

[BullBear52x]

Swing setup, sell, will it fail again today? if so this consolidation none trend will be back.

Intraday: new swing low, strong reversal, bullish piercing candle if we closed above 61.8%, bears trap big time.

Fear no more, the fed is coming, check out bond auction, rate cut is still in the card? crazy, good economy that is hoping for more cut. Peace!

[BullBear52x]

Bonus charts: DOW theorists are still scratching their heads, Go big with the big cap, smalls, banks, and Transportation are dead.

If the Fed were to go dovish, it will benefit the smalls the most, that will be fire underneath the economy, from looking at the chart here, it doesn't say that will be the case or tomorrow will change all this? may we live in an interesting time.

[Cobra]

Consolidation, breakout is more likely.

[Cobra]

Members only update at 3:39 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/03 ... ay-update/