12/15/2021 Live Update

[Cobra]

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The chart may look missing a revisit of the yesterday's low.

Flat open, so likely it's just a range day, until the roller coaster show of course.

[JFR]

ES daily. Sitting on the EMA 20. On a ledge.

[JFR]

ES 60 minutes. In a range, on the 60. Stuck beneath the EMA 20.

[JFR]

SPY 15. Right at the previous close. All is quiet.

[BullBear52x]

Overall leaning bearish both momentum and internals. Pivot line is clear. should be easy one line in the sand to follow.

[BullBear52x]

My swing sell setup, first under 5 DMA this time around.

[JFR]

ES five minutes. Very choppy at the opening. Price thrashing around, going nowhere. So far ... Ha ha.

[JFR]

ES five. Testing a key support level.

[JFR]

ES five. Pushing down hard. Not a time for bulls. Ha ha.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/12 ... ay-update/

[BullBear52x]

Fearful market.

[Cobra]

EMA20 here is the bear's last chance to make a 2nd leg down.

[BullBear52x]

Inside day sell MA resistance setup, this is it if there will be a down trend day.

[daytradingES]

8:17 AM 2021-12-15
30 min ES Dec 2021 chart
neutral awaiting FOMC
could take out both levels (eg. take out high before moving lower or vice-versa)
levels 4625.25 and 4651.75

9:37 AM 2021-12-15
4625.25 taken out - stop running.
up and down until FOMC

My read on roller-coaster:
Very high PPI yesterday (1970's high)
Perhaps down today after taking out high stops above 4651.75 (maybe even touching 4671.75??)
Down target could be big.

[JFR]

ES up to a key level, trying to push through. Early birds, speculators and bargain seekers. And big money looking for a place to park their dough. No quit in the bulls.

[daytradingES]

30 min chart

[JFR]

PFE. Yeah, I'll vote for that.

[BullBear52x]

Bears took back control right away, well, Fed will lead us out of this inside day range, Key level 38.2 and 61.8% anything in between leave it alone.

[JFR]

SFM. There is little sprouts again. I missed it this time.

Back later ...

[BullBear52x]

/ES, failed here will tag down along the lower BB in a grand style, this is where they trap more dip buyers. (/ES delay chart)