10/19/2022 Live Update

[Cobra]

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Double top here?

[JFR]

ES daily. Sitting on the EMA 20. Price has been going nowhere since late September. In a range.

[jademann]

We need to see a peak in the 10 year yield before we can call a bottom.
I see the possibility of either 5.1% or 6.6%

[JFR]

ES 60 minutes. A lot of chop since Tuesday. Down from the Pivot to near S1.

[JFR]

ES 5 minutes. Slip sliding down for 3 hours.

[BullBear52x]

Back into no man's land. same playbook for me. sell day today.

[Trades w 2 Cats]

FT71 said today that large lots were not participating. Market is now mostly small lot traders, so that is why it is so whippy cause we are very nimble.

[BullBear52x]

A trade out of yesterday's range will be a trend day.

[Cobra]

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

[Trades w 2 Cats]

Tie game for now, chopping around going nowhere.

[BullTart]

ES has broken the rising wedge... (4hr view)

while the VIX trendline continues to hold (daily view)

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[Al_Dente]

RISING WEDGE
Break can be in any direction but is downward 60% of the time.
https://thepatternsite.com/risewedge.html

[Cobra]

Testing range low, since today's is a range day so likely the breakdown if any would fail, let's see.

[BullTart]

RISING WEDGE
Break can be in any direction but is downward 60% of the time.
https://thepatternsite.com/risewedge.html

I've always wondered about bulkowski's info on this... other material i've read indicate it's predominantly bearish at >80%... there are different types which could be part of the reason... in this case, it's a "corrective" rising wedge.

[BullBear52x]

If breakdown I would be looking down to the 3661 /ES as a magnet area.

[Al_Dente]

RISING WEDGE
Break can be in any direction but is downward 60% of the time.

I've always wondered about bulkowski's info on this... other material i've read indicate it's predominantly bearish at >80%... there are different types which could be part of the reason... in this case, it's a "corrective" rising wedge.

Thanks boss

[Al_Dente]

It's a bit early, but if this wedge breakdown can hold...
The orange box is Bulkowski's measured move on the broken wedge

[BullBear52x]

Then and now.

[BullTart]

VIX daily is looking like it wants to setup an ascending triangle... so far, it refused to break the rising trendline even with all the market gains lately, a signal I've been carefully watching.