12/05/2022 Live Update

[Cobra]

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It's a revisit of the Friday's low, let's see whether bulls can make a double bottom or higher low reversal.

[JFR]

ES daily.

Failed attempt to break out of the very wide range. Friday was a candlestick hammer and also a doji.

[JFR]

ES 60 minutes. Pushing down beneath the Pivot.

[JFR]

ES 5 minutes.

Slip sliding down the slope. Finding some support at 4044.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Cobra]

Biggest red after being down for awhile so should be a rebound first then we'll see.

[Cobra]

Rebound as expected. Now EMA20 is the bear's last chance to make a 2nd leg down today.

[BullBear52x]

Buyers know, this is not the place they want to ruin their Holiday.

Bearish crossed will be something to watch out to. I am in a holiday mood, not much of a trade these days.

[BullBear52x]

Reversal tracker is on track of reversal plus 3 push up kind of move, from here it is all how the X-mas rally can hold up.

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Cobra]

Reversed cup with handle, so breakdown should be more likely instead of a double bottom here.

[JFR]

ES 5 minutes. Down to a lower level of support. 4008.

[JFR]

Dow 30. A sea of red.

There it is, BA, frequent leader/laggard leading again. Along with AXP, and 4 Health Care stocks, UNH, AMGN, MRK and JNJ.

CRM trailing.

[JFR]

Alternatives.

All fall down. DBC IAU IYR SPYG SPYV TLT USO.

Except UUP, the American dollar.

[Cobra]

Members only update at 2:35 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Al_Dente]

So far, North American equity indices are following their seasonal pattern for the month of December: As indicated in a study released by http://www.EquityClock.com last week, the S&P 500 has a history of recording a small negative return in the first half of December followed by the strongest two week period of the year during the second half of the month.

[Cobra]

I'll have to leave earlier today. For now looks like it will close near the low of the day.

And here's what tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread after the close.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374

[Al_Dente]

We're in an FOMC quiet period which means the only Fed speaker is
NickTimiraos, the "Fed Whisperer" at the WSJ:
'Fed officials have clearly signaled plans to raise rates by 50 basis points at their meeting next week"