08/01/2022 Live Update

[BullBear52x]

38.2% support again. normally with the chart pattern today it is rare to closed weak. even if we trade under 38.2%, the closed will be around 50% anyways. so......wait for the paint to dry shall we?

[Cobra]

Rebound at double top target, now rejected by EMA20 but I think maybe the pullback was over or near over because it's a range day, so should be no sharp down.

[QED]

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Get your war on!

Tensions now being stoked in Kosovo?
Why now?
Qui bono?

Well, war IS very good business for arms dealers and it also helps create distractions by generating news (as well as grandstanding quotes from politicians before elections).

Maybe this time the politicians will actually lead from the front?

Alex Christoforou:
Kosovo clashes. Vucic calls for peace, Serbia ready to protect Serbs.
https://www.youtube.com/watch?v=dlOpv70hTCg

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[cletus]

Cletus Close:

1) Markets never "reverse V" top - meaning the first major dip was sure to be bought and this process will repeat several times until the bulls give it up
2) Probably looking at more churn here until about Wednesday, but later in the week is the prime period for a large down day

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

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

[brokebybernacke2]

This zone like Kenny Loggins Hiway to Danger zone. tough zone.