Cobra's Market View

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 [email protected].

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

Still could be a head and shoulders top in the making. Need break the neckline below to confirm.

ES daily.

Lower open. Lower close.

A doji.

Flat for a handful of candles.

The trend is still up.

ES 60 minutes.

Down at an angle. And then a steeper angle.

Sideways for a few days.

ES 5 minutes.

Down. Level to level.

Finding support at the Pivot.

ES 5 minutes.

Aiyahh.

Price just shot down the chart.

Powell speaks today.

Back later ...

Nice little spike up last night. See if it acts as support today before Powell speaks.

Volumetric view of the announcement that we are having talks last night. Looking at the volume numbers no body traded it. Then we have the Apple announcement of AI enabled search this morning which caused Google to drop like a rock and it took the market with it. Now back to our regular FOMC programming!

I was surprised to see that my new format caught the Google induced drop. I keep changing my mind on having the machine highlight engulfing bars but it showed it's value today. Also the updated mash up of the old Wells Wilder ADX system also showed the change in a timely fashion, with warning!

I sat down last night and wrote up what all the stuff on this chart is. Really pretty boring, so I will post it this weekend.

Maybe we have the range high and low before the 2pm roller coaster show.

30s to show time.

Fed as expected. Perhaps the prersser will lead to some moves.

Maybe the low was in. The FOMC day usually closes weak though so maybe won't be up big from here.

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