08/22/2022 Live Update

[Cobra]

Breakdown might be more likely.

[BullBear52x]

daily trend following setup is now entering buy the dip zone. /ES looking down to 4127.

[BullBear52x]

The beauty of TA, once it plays out like it should. eyes' candies.

[BullBear52x]

Key historical pivot level of cash SPX 4100ish. there will be a fight

[Al_Dente]

TOP PANEL: Generally, rising rates hurt stocks, making it more expensive to borrow.
So..... if rates keep rising, stocks should keep hurting ...
MIDDLE PANEL: NYAD sell signal
BOTTOM PANEL: We got that red Elder bar we were looking for. Oy.
Last week's rally was/is a TRAP (pink horizontal lines) forcing the longs to flip

[Al_Dente]

8/22 BofA: This stock market rally echoes bear market moves going back to the onset of the Great Depression. The average S&P 500 gain in 43 bear market rallies of more than 10% going back to 1929 is 17.2% over 39 trading days, while in this case, it is up 17.4% in 41 days, making it a "textbook" example. This time around, 30% of the S&P's gain is due to just four stocks - Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and Tesla (TSLA) - noted strategist Michael Hartnett, adding that another risk for bulls is that whether the "Fed knows it or not, they're nowhere near done."

[Al_Dente]

BREAK TIME
https://www.youtube.com/watch?v=OtGYksHnSjU

[BullBear52x]

No mater bull or bear market. if you can capture 70% of each run up or down your are good. so.....forget the very top and bottom. 70% of the trend will make you Warren Buffett of a swing trader.

[BullBear52x]

Last intraday sell the rips setup. this one will tell if the good voice lady will show up for the bulls.

[BullBear52x]

Peace!

[Cobra]

Another test of EMA20 in 2 hours, probably will attract sellers as well.

[1980_GeorgeK]

PEACE ....here too.
Rode down this baby from 4318 to 4140. Enough $$ to take few weeks off.

CHEERS

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[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

[Al_Dente]

50% of firms are anticipating a reduction in overall headcount, while 52% foresee instituting a hiring freeze and 44% rescinding job offers, according to a PwC survey of 722 U.S. executives fielded in early August.[CNBC]