09/14/2023 Live Update

Cobra

Opening statement $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316503#p316503

Cobra

Members only update at 10:05 am
http://www.cobrasmarketview.com/2023/09-14-2023-intra-day-update/

Cobra

You can use tapatalk to access the forum from your mobile now
http://bbs.cobrasmarketview.com/viewtopic.php?p=316505#p316505

Cobra

It's a morning hourly filled black bar $SPY $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316507#p316507

Cobra

Testing the day high very early so my guess is breakout is more likely instead of a double top $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316508#p316508

Cobra

Strong breakout. This bull shall have legs. It's an uptrend day $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316509#p316509

Cobra

The pullback probably will be bought. The key is whether it touches the EMA20 below before being bought or not. If it's bought without touching the EMA20 then the uptrend today is strong $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316510#p316510

Cobra

Members only update at 12:04 pm
http://www.cobrasmarketview.com/2023/09-14-2023-intra-day-update/

Cobra

Unlikely it's a double top here. Typically either a consolidation for a couple of bars then breakout or a pullback which would be bought then up to test the high then breakout $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316512#p316512

Cobra

Now let's see this 3 push up works or not. If luckily works, which means a GOOD pullback here then typically there'll be another higher high then lower high then bears might have chances as illustrated by dashed blue lines $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316513#p316513

Cobra

Pullback then new high as expected (solid blue lines mean the forecast fulfilled). Now if this new high goes too far then bears will have to restart again: Another new high then lower high then finally chances of a good pullback $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316514#p316514

Cobra

The pullback has been slow still so expect another new high (then lower high then finally some hopes for bears) $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316515#p316515

Cobra

OK, it's a lower high so bears did better than I thought, so in theory now should be a little bit larger pullback (dashed blue arrow) which I don't believe it'd go far though. Why? Trust is earned. Since when bears earned the trust? $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316516#p316516

Cobra

Told you no to trust bears. I see new high. And a strong uptrend day usually closes near the high of the day. Today is not 100% strong uptrend day, say, a sub strong uptrend day  $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316520#p316520

Cobra

Pullback this time appears strong so no sure whether the high was in (usually close near the high for a strong uptrend day, while today is sub strong uptrend day). If it's not the last trading hour of the day, I'd say the high was in though $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316521#p316521

Cobra

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2023/09-14-2023-intra-day-update/

Cobra

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/09-14-2023-intra-day-update/

Cobra

Closing statement $SPY $SPX $ES_F
http://bbs.cobrasmarketview.com/viewtopic.php?p=316524#p316524