07/13/2022 Live Update

[Cobra]

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Can go either up or down from here. The chart looks missing another leg down to test the yesterday's low though.

[koolblue]

Fwiw dept. Reinforces master Cobras view of this can go either way.

[koolblue]

[koolblue]

[Trades w 2 Cats]

https://www.bls.gov/news.release/pdf/cpi.pdf

"CONSUMER PRICE INDEX – JUNE 2022
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a
seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported
today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment. "

[koolblue]

note the blue Dm ! Of course it doesnt reflect this latest bar

[koolblue]

Stopped out for a ten point loss..Ugh!. Fool that i am i went long again at the next fib down 3755 trying for 3780. Stop is at my old friend 3750 lol

[koolblue1413]

Well, they missed my exit by 2ticks so I bailed at 3775 . At least I made up for my loss and then some..why the early exit? Cause usually the regular trading crew will go back to test the low and I wanted out before the open.... why did I pick that 3780 fib? Cause it's also the barest minimum retracement of the top to bottom ( .236)...

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2022/07 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[Al_Dente]

Big Three

[Al_Dente]

Puts

[Cobra]

Possible double bottom.

[Al_Dente]

Traders' expectations for a 100 basis point rate hike by the Federal Reserve at its next meeting jumped to 42% on Wednesday, up from 7.6% on Tuesday, according to the CME FedWatch Tool.
They still see a 58% chance of a 75 basis point in two weeks, but that's down from 92.4% on Tuesday.
A 100 basis point rate hike would take the fed funds rate target up to between 2.5% and 2.75% from its current level between 1.5% and 1.75%.

[jademann]

Bought some PBR today, it usually goes up for several weeks ahead of earnings

[koolblue]

Yeah, worst inflation in 41 years (9.1) , Earnings about to dive starting next week, and sentiment in the cellar , and the real nut cruncher,imo, is the gdp (recession) near the end of the month.Not a pretty picture . Im thinking the daily low is likely in because its already a 120 point day (avg is around 75-78) . WatchING 3818 and 3823 and 3830 on the rebound. Though the 3752 did pierce my `triangle` trendline , even the 10 min bars closed above it (and of course the hourly) so for now my weird longer term outlook remains valid .

[koolblue]

[Al_Dente]

"Someone with a lot of money to spend has taken a bearish stance on AAPL
https://eresearch.fidelity.com/eresearc ... LNGTH&sb=1

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2022/07 ... ay-update/

[JFR]

ES daily. Slipping down beneath the EMA 20. Still in the base. 14 days.