02/03/2022 Live Update

[Cobra]

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The pullback probably will be bought. Usually at least a lower high is needed before a top can be possible given by the strength of the rally we had in the past couple of days.

Gap down below the yesterday's low so likely it'd be a trend day either up or down.

[JFR]

ES daily. Pullback to a line of support. Sitting on the EMA 20. Heavy lifting needed to get out of this box.

[JFR]

ES 60 minutes. In a wide base after the pullback.

[JFR]

SPY 15. Pbar at 0800. Price is just beneath the EMA 20.

[JFR]

ES five minutes. Choppy, but there is some action.

[BullBear52x]

Big picture on Fib view. bullish above 61.8%, bearish under 38.2%, anything between 38.2-618% is no man's land for me.

[JFR]

ES five minutes. Dangerous scalping in this area. Entered twice?!? on weak signals. Went against right away. Then finally hit target. Note to self: No rushed entries just because it is moving fast the way you expect. Ha ha. I got a reprieve both times. Gheez. I play momentum. The entry is the tricky part, of course.

[JFR]

Big picture on Fib view. bullish above 61.8%, bearish under 38.2%, anything between 38.2-618% is no man's land for me.

Nice chart, BB52. Nice and clean.

You like Keltner? I like Bollinger better.

[BullBear52x]

Fear confirms rejection day 2.

[BullBear52x]

Big picture on Fib view. bullish above 61.8%, bearish under 38.2%, anything between 38.2-618% is no man's land for me.

Nice chart, BB52. Nice and clean.

You like Keltner? I like Bollinger better.

I use both, Keltner Channels gave more linear look on chart.

[JFR]

VIRT. HQ in New York.

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[JFR]

Big picture on Fib view. bullish above 61.8%, bearish under 38.2%, anything between 38.2-618% is no man's land for me.

Nice chart, BB52. Nice and clean.

You like Keltner? I like Bollinger better.

I use both, Keltner Channels gave more linear look on chart.

I used to use Keltner with Bollinger, moving inside and outside of it. When Bollinger breaks out, the move is strong.

[BullBear52x]

Buy the dips on swing setup, until this one fails will the intraday bears get a chance. I am not buying and not selling either, wait for new intraday sell signal. swing setup is on the buy atm.

[JFR]

ES five minutes. Chopping around. But trying for a breakout.

Back later ...

[Cobra]

Members only update at 10:25 am
http://www.cobrasmarketview.com/2022/02 ... ay-update/

[BullBear52x]

Intraday, Auction house theory, you know the routine, a regain back inside yesterday's low will be very bullish, bears need to keep it down or bulls will have the day. I am still in wait and see mode because I am leaning bearish over all, if I am bullish leaning I would have bought already.

[Al_Dente]

FB
zh says Meta had to go into the witness protection program.
"...not only is the company's 22% drop the biggest in its history...
... but according to Bloomberg, the one-day crash ranks as the worst in stock-market history: the Facebook crash has erased some $195 billion of its market cap. That would make it the biggest collapse in market value for any U.S. company."
[It's now down -24%]

[Al_Dente]

ADV neg diverg was prescient again
but I can't yet call it swing bear as it's still at a point where it could bounce
stay tuned ...
btw FB is about 2% of the SPX
60m

[Cobra]

Breakout on the upside is a little more likely now.

[BullBear52x]

Rising wedge.