04/05/2024 Live Update

[Cobra]

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Double top or not, wait and see.

Let me guess: The initial reaction was down, sounds like the job data was good, but not very good so folks on the 2nd thought feel that rate cut in June still is possible...

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

For now the consolidation looks like a bull flag so maybe another leg up is more likely.

[JFR]

ES daily.

Inside candle.

Just beneath the EMA 20.

Above solid support.

[JFR]

ES 60 minutes.

In a lower base than yesterday.

Trying to breakout above the Pivot.

[JFR]

ES 5 minutes.

Serious attempt to move above the base.

Darvas boxes.

[JFR]

The indexes are all up so far.

[JFR]

Dow 30.

The greens are taking it. Led by CAT CRM and MSFT.

INTC VZ and MCD trailing.

[JFR]

Gold is on a nice run up.

"There's gold in them, thar hills."

2024-04-05_08-12-30.png (302.1 KiB) Viewed 955 times

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Maybe a pullback here but the the pullback probably will be bought. This bull shall have legs.

[Cobra]

Consolidation, breakout is more likely.

[BullBear52x]

Swing setup: this rip will be sold.

Intraday: inside day, consolidation after a big sell off is common.

Fearful market, calm before the storm is how I would describe it. I am on sell the rip only mode for the next few trading days. Patience, React, and don't Predict. Peace!

[Cobra]

False breakout (as always), but the pullback likely would be bought and bulls will try the breakout again (as always).

[BullBear52x]

Bonus chart: big picture, this is enough of a good run already, time to rest a little, negative D and the Fib fan line.

[Cobra]

The rebound was a lower high (red arrow) which was not good for bulls, now might be a rebound here which if fail then bears are in control, key time.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377