07/24/2024 Live Update

[Cobra]

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

[BullBear52x]

Cliff!

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[BullBear52x]

Classical chart pattern, Hourly with EIS bar assist, confirmed change in trend today. LH and LL.

[Trades w 2 Cats]

S & P 500 showing my dilemma, is this a C wave to be followed by new all time highs or are we in a three with a lot more de-risking to go? We certainly have met the Fib requirements for this to turn around.

[Cobra]

It's a confirmed downtrend day but you know a down from open to close day has been rare, usually the market rebounds near the close.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[tsf]

Thank you, Cobra and the Board.
Cobra's charts on page 1 are very simple, very clear and very effective.
https://stockcharts.com/public/1684859/tenpp/1

[BullBear52x]

Swing setup: last buy failed, next rip will be sold.

Intraday: swing low, the day like today there will be no chance for buyers normally.

Internals: bearish bias, as we can see here, the buyers from last two days got trap, need to see higher TRIN (>1) to say that the sellers are really showing up by the closed. Peace!

[BullBear52x]

If we closed here, the daily buy setup will be stop out as a failed buy. if so, the market Top chance will be higher than 50%, rip will be sold. Patience, React, and Don't predict. Time frame of a trade matters!

[JFR]

ES daily.

Aiyahh. Huge bear candle. A marubozu..

From beneath the EMA 20, straight down.

Scary? Yes. But there will be bargains at the bottom.

[JFR]

ES 60 minutes.

Through R1. Through the Pivot.

Through S1. Through S2.

Through S3. And continuing down.

Aiyahhh.

[JFR]

ES 5 minutes.

Downhill racer.

A waterslide.

Playable on the short side, of course.

The bears are serious.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Trades w 2 Cats]

IF this is a classic ABC zig Zag then we are there with C = A. And all that economic news an hour before the Cash market opens tomorrow. If it doesn't bounce hard its lights out for the bulls.

[Trades w 2 Cats]

closing ugly

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387