11/17/2022 Live Update

[Cobra]

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It's a head and shoulders top breakdown.

[Al_Dente]

NYMO has called tops a few times this year,
via negative divergence at highs.
Like now.
(chart is as of yesterday's close)

[Al_Dente]

Retail (lime) took a hit yesterday, and that's not good
On the floor is Discretionary (pink) and the Techs QQQ (black) aren't much better
(chart: yesterday's close)

[Al_Dente]

8:30 Housing Starts and Permits (today: Decreased to 1.425 million Annual Rate in October)
8:30 Initial Jobless Claims (today: Weekly Initial Unemployment Claims decrease to 222,000)
8:30 Philly Fed Business Outlook
9:15 Fed's Bowman Speech
9:40 Fed's Mester Speech
10:40 Fed's Kashkari Speech
11:00 Kansas City Fed Mfg Survey
1:45 PM Fed's Kashkari Speech
4:30 PM Fed Balance Sheet

[BullBear52x]

Look at Equities Put/Call. this is a bear market crash like bearishness. Panic mode, blood on the street. get ready to buy the panic soon.

[Al_Dente]

Breadown from H&S, mentioned by Cobra this morning:
Target is cyan box
Same target for breakdown of the declining triangle

[BullBear52x]

I am looking down to as low as 3862, as of now support can be seen here around 3900 /ES

[JFR]

ES daily. Back down to the support/resistance level at 3925.

[JFR]

ES 60 minutes. Down from the Pivot, through S1, through S2, and looking deeper.

[JFR]

ES 5 minutes.

Helluva drop. From 3990 to 3910. Finding some support. Back up to S2.

[BullBear52x]

Major pivot zone for bigger picture, as of now a breakout price action is having problem, lower trade under the zone will confirm a failed breakout. a retest the low is highly likely if so.

[JFR]

https://www.marketwatch.com/livecoverag ... =home-page

2022-11-17_06-53-21.png (125.84 KiB) Viewed 1140 times

U.S. stocks are trading lower after the opening bell as investors weigh a presentation from Federal Reserve Bank of St. Louis President James Bullard hinting at the possibility that the Fed's benchmark rate may need to rise even further than investors and official Fed projections expect.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2022/11 ... ay-update/

[brokebybernacke2]

bear thesis, QT . bull thesis , live on the squeeze.

[JFR]

SPY daily.

Down to the EMA 100. CTM and Sto are turning down.

EMA 100 flat. EMAs 50 and 20 still up.

Is that it for the bulls? Ha ha. Don't go All-In on that notion. There is too much money looking for a place to park.

Of course it could go lower, but it has risen since October 13.

Hedge your bets.

[brokebybernacke2]

so many fed speakers today.
small caps leading

[Al_Dente]

THIS IS SHORTS
SHORTS
Shorts are up but options traders aren't buying as many puts as they did couple days ago. red arrow

[BullBear52x]

Intraday pivot, the red line, find excuse to sell today.

[Al_Dente]

NYAD is red
VOLUME is leaping up $NYUPV:$NYDNV (brown arrow) and that's unusual at this stage of the game
3min

[Trades w 2 Cats]

Oh boy what a tale. Excerpts from the first filing of the FTX bankruptcy. This will be a movie some day. It is the lead story at Zero Hedge.

Those of us who remember the dot.com demise will wonder, when this is over, why no one ever listens to Mark Twain. " History never repeats, but it sure rythmes a lot".