12/20/2022 Live Update

[JFR]

ES 5 minutes. The ups and downs. Edging back up towards the Pivot.

[Al_Dente]

"Gas prices haven’t been this low since July 2021"
https://www.cnn.com/2022/12/19/economy/ ... index.html

[BullBear52x]

Lets go already, com'on man.

[Trades w 2 Cats]

History need not repeat:
During the last 2 large corrections (dot com/real estate), the fed started reducing interest rates in nov 2000 and aug 2007 (fed funds chart) - average bottom tag was 2 years later and 50%+ more downside following the 1st reduction. One can ballpark how much more we gotta go IF this a similar deal ( March this year start date) - That is the last Coal post for naughty listers. Amidst the gap fill and waiting on bounce for Santa.

Comments from the head Grinch last Friday (Mike Wilson Morgan Stanly)
Stocks could be hit next year by the worst earnings recession since 2008, according to Morgan Stanley's Mike Wilson.
"We're looking for an earnings recession that could be as big of a surprise to the market as it was in '08."
An earnings recession is likely not priced into the market yet, Wilson said, warning investors of more downside to come.

[JFR]

SPY daily. The 3 Line Break view.

The bears are winning, once again.

Lower highs.

The Bollinger Bands, seen as a river, are headed south.

TSI turning down.

But it is always dicey to count the bulls out.

Just in my opinion.

[BullBear52x]

What is watching you is not a bull nor a bear.

[JFR]

Alternatives.

IAU up.

TLT, USO and UUP down.

[BullBear52x]

Bulls be like...

[Cobra]

Test range high, since it's a range day so far so a pullback is more likely around the range high.

[Trades w 2 Cats]

Still waiting for sleigh bells !

[BullBear52x]

Green shoots.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2022/12 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381