12/10/2024 Live Update

[Cobra]

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Maybe the rebound would be sold if not already.

[Cobra]

Members only update at 9:58 am
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Trades w 2 Cats]

Wedge got busted. Guess we need to test the lows.

[Trades w 2 Cats]

Market has yet to show us if this is a big old ABC waiting for more down, or if this is just finishing up a wave 4 with new highs on deck.
Because they are focused on 75 basis points of rate cuts at the next two Fed meetings you would think the inflation numbers Thursday and Friday will move things around. Or not!

[Trades w 2 Cats]

Looking at volume profile it looks like we could drop hard if they don't turn this around soon.

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Let's see whether bulls can make a double bottom here. Since it's the 2nd try since yesterday so maybe they have chances.

[Cobra]

Further down then it's a clear breakout which obviously would be bad for bulls, key time.

[JFR]

ES daily.

Aiiyahh. Testing down beneath key, strong support.

Still mostly positive, but the bears are having their say.

Uncertainty in the world. Syria. Middle East. Polarization within countries: France. USA.

But life goes on, for the survivors. Ha ha.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[JFR]

ES 5 minutes.

Down and down. Guided by the EMA 20, and then falling off the zipline.

[JFR]

ES 60 minutes.

Down beneath R1.

Down beneath the Pivot.

Down beneath S1.

Aiiyahh.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/12 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381