06/26/2023 Live Update

[Cobra]

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 cobra@cobrasmarketview.com.

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

A falling wedge so a rebound should be near.

[Cobra]

Members only update at 10:11 am
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Maybe breakdown is more likely now? Because the lows have been tested several times now.

[Trades w 2 Cats]

Well it sure is locked down in a tight range so far.

[Trades w 2 Cats]

This is the SLOW view regular hours, no globex session. The wave count was saying next big move is up. Not so sure anymore.Price action looks like one of those abcde 4th wave things. If it is, then next sizable move would be down for a 5th wave, making the C of the larger ABC a bit lower.

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[JFR]

SPY daily.

Day 5 of the pullback.

Sliding down in a nice, orderly fashion. Approaching the EMA 20.

The EMAs are still up. MACD and Sto are clearly down.

Volume is not dramatic on the pullback.

[JFR]

SPY 60 minutes.

Slip sliding down the slope.

Trying to hang on to the EMA 20 from below.

Beneath the EMA 50, and riding the EMA 100.

Heavy volume on the final bar of each day. Players make their overnight bets.

[JFR]

World markets.

Source -- CNN

https://www.cnn.com/markets

All around no change, a bit up, a bit down. BRIC reporting. Brazil, India and China in the red. No info on Russia? Ha ha.

[Trades w 2 Cats]

As we all know Friday is end of the quarter, so stand by for window dressing!
My guess is all those highly compensated fund managers don't want to scare the clients when they read the quarterly holdings so I would think they are litening up on AI tech and getting more conservative stuff. So flat market, then sometime next week they go back to buying high beta tech with both fists.

Personally I will be in the norther Rockies where getting cell phone coverage is relatively rare so I will find out if my guess is right well after the fact!

[JFR]

ES 5 minutes.

Sliding down from the Pivot to S1, where it finds some support.

[Cobra]

Falling wedge so the low should be near if not already in.

[BullBear52x]

It was calm in the last couple trading days, now the fear starts to rise, no fear no bear! there is fear today.

[BullBear52x]

We continue to have a swing lows. rip will be sold on swing setup, until then.....

[BullBear52x]

Intraday, selling to continue, no reversal to call out to. Peace!

[Cobra]

Double bottom, the low for today might be in.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

[Trades w 2 Cats]

Working on a two level distribution. Pretty much defines the day. Strong resistance above gradually stiffening support below.