12/06/2022 Live Update

[Cobra]

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Double bottom or not (red arrows), wait and see. I think it has chances.

[JFR]

ES daily.

Pulling back. 3rd day down from the high of December 1st.

Sitting on the EMA 20.

[JFR]

ES 60 minutes. Sliding down along the EMA 20.

[JFR]

NYSE Tick and ES. 1 minute.

Reading the tea leaves ...

Up or down? Nah, it is just chop.

[JFR]

ES 1 minute. Getting some movement now.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[JFR]

SPY 1 minute. PnF.

Moving on down. The bears are making their presence felt.

[JFR]

ES 5 minutes.

Down to S1, where it finds some support.

Back later ...

[Al_Dente]

"I don't know what planet he lives on."
Wharton professor Jeremy Siegel roasts Jerome Powell as the Fed continues to signal more rate hikes despite signs of falling inflation

https://markets.businessinsider.com/new ... es-2022-12

[brokebybernacke2]

"I don't know what planet he lives on."
Wharton professor Jeremy Siegel roasts Jerome Powell as the Fed continues to signal more rate hikes despite signs of falling inflation

https://markets.businessinsider.com/new ... es-2022-12

ideologically, agree with him. the 90%s always take the hit for the elites pontifications.

[brokebybernacke2]

Really hope this week isnt one of those market gonna try to force the Feds hands weeks.

[Cobra]

No sharp rebound in the next couple of bar then it's a downtrend day.

[Trades w 2 Cats]

Mike Wilson who has the second best track record this year called a reversal yesterday. He said the PE level had maxed out at his target of 4,100 to 4,150 and this was it for the technical rally call. He is not looking for a hard down move due to seasonals.

If you recall when he issued the rally in to year end he also called for a drop to around 3,000 ub 2023 followed by a move up to end next year around 3,900 or so.

[Al_Dente]

We may get a bounce later today or tomorrow unless this divergence gets corrected
Price lower low
AD higher low

[JFR]

ES 5 minutes. Another test down to 3950. Looking for a breakdown.

[brokebybernacke2]

We may get a bounce later today or tomorrow unless this divergence gets corrected
Price lower low
AD higher low

Screenshot 2022-12-06 093713.png

think we got a shake out a coming. I am outta here, will wait till next week for buy opps. small caps sos

[Cobra]

Members only update at 12:42 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[BullBear52x]

Not if but when?

[brokebybernacke2]

Not if but when?

lower

[BullBear52x]

Not if but when?

lower

Any lower than 3900 /ES we will enter a Daily dip buying on my trend following method. first thing first then will see if market will bottom for good in months to come. next buy dip area will be something I want to get involve.