07/28/2023 Live Update

[Cobra]

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Double bottom (red arrows) so probably the low was in.

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2023/07 ... ay-update/

[Cobra]

I hate to call on bear side as it simply mostly wrong. Anyway, so far it's a rising wedge so a pullback could be due.

[te_fern]

The SPX might target this diagonal line sometime today...

[Cobra]

Breakout is more likely and if indeed, it'd be an uptrend day.

[te_fern]

Having a hard time breaking Cobra's line....

[te_fern]

Broke Cobra's line and SPX is now at the diagonal...

[te_fern]

Struggling at the diagonal...

[te_fern]

Slowing pushing higher....

[te_fern]

Back testing the diagonal now...

[te_fern]

Fell through...

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2023/07 ... ay-update/

[Cobra]

It's the very first test of EMA20 in 2+ hours so could attract some buyers so watch for EMA buy setup which sometimes is only good for a scalp though. I don't like this pullback also as it's a little sharp for an uptrend day.

[te_fern]

Breaking back thru, can it make a run to the high of the day??

[Cobra]

Some chances of a lower high, i.e. the high was in for today. Just some chances as again calling on the downside most likely would fail.

[te_fern]

The red MA provided some support, needs to break up thru these resistance lines...

[BullBear52x]

Swing sell setup failed again for the third time, this tells me we are consolidating in time rather than in price, next dip will be bought.

[te_fern]

Another line where we might bounce....

[BullBear52x]

Intraday: same playbook, inside day, back in no man's land.

[BullBear52x]

$NYMO, one day wonder for bears, no follow through. until then......Peace!