02/23/2023 Live Update

[DellGriffith]

short term bear should run for a bit.

[BullBear52x]

Intraday sell setup, still plenty of time today. lets see how bad the next sell is. same playbook, until it fails......

[Al_Dente]

"High inflation costing Americans an extra $395 a month"
... "The cost of groceries climbed 0.5%, putting the 12-month increase at 10.1%."
[If you've been to the supermarket lately, you've seen increases MUCH HIGHER than 10%]

https://www.foxbusiness.com/economy/hig ... xtra-month

[Cobra]

Consolidation here so bias is up.

[BullBear52x]

Someone really want this support to hold, key MA 50/200 MA. on my corner, we are entering another sell the rips zone on swing sell setup. last chance for da bears eh?

[JFR]

ES 5 minutes.

Strong rebound by the bulls. Those guys never give up.

It rode the EMA 20 for a while, biding its time, building up impulse, then riding the 3992.

Then it took off, shooting right through the Pivot.

[BullBear52x]

The run is about done. what was the news again? haha

[BullBear52x]

Raise your hands if you want to nail the bottom with me? no reversal to call out to. patience dip fishermen.....

[Cobra]

Consolidation, bias still is up.

[JFR]

SPY 1 minute. PnF.

Hella good move up.

But, in my opinion, it is still in no man's land.

For the time being, the descent has stopped. Bottom? Dunno. I just play the charts. What you see is what you get. Predictions? Nah. OK, in the short term, my bias is a little bit up. Ha ha. But the charts and indicators must confirm that, on whatever time frame you trade.

Have a good afternoon, Everyone. Have to drive in the snow? Be careful out there.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/02 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397

[BullBear52x]

Chart for the road: bears can not dicking around any more, a HH from this box will be a screaming buy. tomorrow is the day. sleep well and get up early. Peace!