10/21/2022 Live Update

[JFR]

TBF. Inverse bonds ETF.

"To the Moon, Alice."

Meanwhile TLT slides to the depths.

[Cobra]

The 3rd day in a row up in the morning then down down down or the 3rd time is different?

[Trades w 2 Cats]

Added volume profile and pulled price bar over to the side. Turned on colors to show bid ask inbalance which does a nice job on the big red candle. The toping action shows more clearly now. It colors the dominate side on each tick level so more of a clue when it failed at the top.
Bottom strope is cululative delta while the one above it is delta for that bar.

[JFR]

SPY 1 minute. Point and Figure.

Don't put too much weight on the Price Objective. Like all magnets/targets, sometimes hit, sometimes missed.

Back later ...

[BullBear52x]

Bearish Consolidation, the fight to regain 3700 SPX for bulls, for bears, just kick back and watch the bottom construction being built, The line in the sand is clear.

[BullBear52x]

Intraday, back inside the no man's land. because of swing low started there is bullish piercing action to it, a trade above 61.8% will be very bullish, for now it's anyone's guess. Range day, boring, until a breakout on either side, using 38.2-61.8% as a range for me.

[Cobra]

Better than yesterday, the 1st lower high (red arrow) failed, now bulls are not out of the wood yet until decisively break above the blue line otherwise still some chances of a 2nd lower high or double top.

[BullBear52x]

Looking up to 3739ish.

[BullBear52x]

HV area market profile is sitting at 3739, anything above that will a screaming buy for intraday, a reversal from there will take us back to 3692ish. for now let it rises.

[Cobra]

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

[JFR]

SPY 5 minutes.

Some relatively clean moves for day trading.

[BullBear52x]

getting greedy today, we may get 3760, who knows life is good, restaurant is packed with no workers Haha...

[BullBear52x]

It's Friday, testing yesterday's HOD I will call it a day or stop out. Peace!

[BullTart]

tagged 3740, this should be the top of the day - if we convincingly break above the rising wedge and also break above the declining RSI while while VIX correlation declines, then it will be time to flip long.

until then, things are still lined up for the flush down next week based on seasonality - the last week of Oct, on a mid-term election year, with a new democratic party on in house = flush down for the last week of Oct.

[BullBear52x]

Faked it or make it? bulls are looking like it is real deal. Peace!

[jademann]

I might have chased some UPRO but seasonality is bad next week..

[Cobra]

Consolidation, breakout is more likely.

[JFR]

ES 5 minutes. Trying for another breakout. After many pushes up.

[JFR]

SPY 1 minute. PnF.

Good day for the bulls. Power hour coming.

[BullTart]

VIX not playing along, about to turn positive for the day... can't recall too many times the VIX is positive on a day the SPX goes up 100 points, but I do remember what tends to happen after.

loading up more shorts as we go higher here into the weekend close:

for a repeat of this action coming soon:

have a good weekend!