03/15/2023 Live Update

[Al_Dente]

Today OEX-100 large caps, intraday
Today energy is BIG RED as well as financials

[Trades w 2 Cats]

Widow maker not doing much today. Still above the recent low that was to an extent hedge funds.

[Trades w 2 Cats]

The wide angle and the closeup on US crude oil. This is panic over the economic outlook right out of the text book.

[BullBear52x]

/ES 3865 will not hold this time if we go there today or tomorrow. it will be a third time charm for a breakdown.

[Trades w 2 Cats]

I am assuming this flat for wave 4 . Not overly confident but you have to try. Thing I learned in the last big crashes is keep applying your analysis it will work. But be very very nimble.

[BullBear52x]

My crystal ball is pointing down still. for me tomorrow is another day, no buy that is for sure.

[Cobra]

Higher low or not, need break the blue line first.

[BullBear52x]

My momentum trade the down market.

[BullBear52x]

Gaped down and consolidated sideways, it's a classic bearish consolidation phase. continuity pattern. well, text book type.

[BullBear52x]

If closed here there will be a third reversal bars, look at $BPSPX ? after market I want to see more bullish reversal kind of signals, if not it's samo samo, Options/ETFs decaying game.

[BullBear52x]

Entering another swing sell setup. until this one fail then bulls are serious.

[Cobra]

Pennant, bias is a little bit up as it usually is a continuation pattern.

[BullBear52x]

Market moved to create a cushion for CPI on Monday , Tuesday was a cushion for PPI , and today is a cushion moves for Jobless claims/ unemployment tomorrow? like I mentioned the day ago, I say I saw a red shoots for recession if unemployment rate keep on up higher. will see how tomorrow open after economy data.

Swing sell triggered. got the box, another easy range to trade with.Peace!

[Trades w 2 Cats]

from MAC 10 on twitter, the MTUM, I Shares MSCI USA Momentum Factor ETF
His comment is that 2000 and 2008 followed same sequence. Stocks crash, then gold then bonds. Bond crash ended it because that made the Fed panic.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2023/03 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/03 ... 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

[Trades w 2 Cats]

Crude oil finding buyers at these levels. Nat Gas up off the day's low as well.