12/22/2022 Live Update

[jademann]

Still holding UPRO. Bad idea or?

[marcueus2]

Still holding UPRO. Bad idea or?

It depends on your time frame 3500 retest on SPX is coming so question is how deep pockets you have

[BullBear52x]

Bad very bad, Today is do or die, looking it is dying.

[jademann]

Im out. time to take a break.

[BullBear52x]

Falling wedge, when it fails it fails in a grand style.

[JFR]

ES 5 minutes.

Down beneath S2. Trying to find some support.

[Cobra]

Consolidation, bias still is down.

[Ratbastrd]

Today's blue light special,,,,, $TSLA get your shares while supplies last.

Opening a small position here for the first time. Looking for <$100 before the bleeding stops. Putting it in the kids funds....

[jack black]

I have been using $CPC, $CPCE, etc for trading decisions but it failed me miserably in the last couple of weeks. is it broken now?
THANKS!

[BullBear52x]

New RED line for trend following. no positive price action until it can trades over. keep it simple for trend following method

[BullBear52x]

Forget chart patterns, follow the trend. the market is way too bearish.

[Al_Dente]

Intraday
approximately 87% of stocks are declining
approximately 87% of volume is in declining stocks

[Ratbastrd]

Green by EOD?

[BullBear52x]

Last sell, until this sell fail will the bulls got a say. so far it's above the RED line. there is hope for bulls.

[Trades w 2 Cats]

The drop today has made the alternate Elliot Wave count (more down ahead) the Primary.

[Cobra]

It's the very first test of EMA20 today so could attract some sellers. In fact it's L1 short now, maybe not enough, need L2 something.

[JFR]

ES 5 minutes.

After the bears roaring, the bulls are making a quiet little peep. Early birds. Sometimes they get in early on a good ride. Sometimes not.

Good support at 3795.

[BullBear52x]

The drop today has made the alternate Elliot Wave count (more down ahead) the Primary.

Other than day trade, I am 100% with you on this.

[merryme]

Unless we move back into the trading range soon (meaning we are having a larger shakeout) then we are in markdown. I'm thinking markdown.

[Trades w 2 Cats]

This is a count I saw on Twitter. Pretty typical of what a lot of folks are posting. I added Fib extensions. That is about twice the decline the two best prognosticators on Wall Street are predicting. (Wilson at Morgan and Harknett at B of A).