07/26/2023 Live Update

[Cobra]

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Double top or not (red arrows), wait and see. I doubt though simply because bears never have been easy.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2023/07 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[Cobra]

So far no rebound toward ema20 which has been rare recently. Consolidation usually means continuation so bias is a little bit down.

[Al_Dente]

Markets are pricing in an absolute certainty that the Fed will approve a quarter percentage point hike that will take its benchmark borrowing rate to a target range of 5.25%-5.5%.

https://www.cnbc.com/2023/07/25/heres-w ... esday.html

[Cobra]

It's the very first test of EMA20 today so could attract some sellers, let's see whether they're strong enough to make a 2nd leg down (which typically is big NO!).

[Cobra]

Markets are pricing in an absolute certainty that the Fed will approve a quarter percentage point hike that will take its benchmark borrowing rate to a target range of 5.25%-5.5%.

https://www.cnbc.com/2023/07/25/heres-w ... esday.html

Market also may have priced in that this is the last rate hike.

[Cobra]

I didn't see this pullback. Now we may have the range high and range low (blue lines) until the 2 pm roller coaster show.

[Cobra]

Members only update at 1pm
http://www.cobrasmarketview.com/2023/07 ... ay-update/

[JFR]

ES daily.

Day 6 in this tight range.

[JFR]

ES 60 minutes.

Down through the Pivot, to S1, where it finds some support.

[JFR]

ES 5 minutes.

A roller coaster. Ups and downs but going nowhere.

[Cobra]

Show time in 1 min. I'll be quiet for awhile...

[BullBear52x]

Last buy failed, will the power that be saves the down turn, rips will be sold.

[BullBear52x]

Inflation or deflation? the money is on the inflation side.

[BullBear52x]

Swing sell setup triggered. new box, first thing first, Fed or no Fed. Peace!

[Cobra]

Wow, for a moment I thought the market would be up and up and up, nothing can stop this market going to the moon.

[Cobra]

Consolidation so far so bias is a little bit down.

[JFR]

SPY 5 minutes.

Players, on a big scale.

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2023/07 ... ay-update/