12/19/2022 Live Update

[Cobra]

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3 Push Down (red arrows), each leg got weaker and weaker so a rebound should be due soon.

[Serenity]

I am not sure if Santa looks good wearing a short.

[Cobra]

Members only update at 10:18 am
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Cobra]

I am not sure if Santa looks good wearing a short.

Hmm, not bad.

[BullBear52x]

Time to be nimble, a trade above 61.8% will be a screaming buy. internals are bullish.

[Cobra]

Maybe the low was in for today?

[jademann]

Now 40% position in UPRO

[Serenity]

I am not sure if Santa looks good wearing a short.

Hmm, not bad.

That is more like boxer underwear , you stripped him from wearing a short. that is even worse.

[BullBear52x]

38.2% resistance like a clock works. 2x bottom or falling off the cliff to continue. no buy until it trade above 61.8%. for now bulls best chance is range day, Monday range and Turn around Tuesday? in any cases, bears are in control under 38.2%

[JFR]

ES daily.

Strong breakdown, out of the very long-running base. The move back to the high of August has been halted, at least for the time being.

[JFR]

ES 60 minutes.

3 pushes down. Now in a base, since Friday. Testing the bottom of that base.

[Trades w 2 Cats]

This looks like we are close to the up move for Santa. Everybody who can is off to their second home (or Grandma's) for the holidays. So be very careful for the next two weeks.

[jademann]

Vix not bothered by this move at all. watching the gap fill

[JFR]

ES 5 minutes. Finding some support after the strong move down.

[BullBear52x]

Look at momentum on swing setup, I can see buyers are pumped, but only price pays! could be a 2x bottom but show me the money, a trade up above the box will be the only way to get me to say buy-able bottom.

[merryme]

Nice open volume but none otherwise.

[BullBear52x]

From here, Think auction. bears trap is common here.

[JFR]

Alternatives.

Lots of downers, to different degrees: DBC IAU IYR SPYG SPYV TLT

USO is on a roller coaster.

UUP is jumping around but going nowhere.

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[BullBear52x]

My RED line, bulls are closing in, to have a positive price action, we need to close above my Red line or Turn around Tuesday will still hanging with lots of uncertainty. be nimble (note to self)