08/15/2023 Live Update

[Cobra]

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Hopefully it's another higher high.

[JFR]

ES daily.

Beneath the EMA 20 and the support line.

Lower high.

[JFR]

ES 60 minutes.

The move up, now resoundingly smashed.

Down through S1, finding some support at 4470.

[JFR]

ES 5 minutes.

Lots of heavy lifting needed. Mucho rocket fuel needed.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[BullBear52x]

Breakdown is more likely, Bulls fight the fight, the problem in the world market is too much to put a smile on the buyers.

$BPSPX is getting more bearish, this will continue to put pressure on the market overall. see you in two weeks, good luck trading. Peace!

[Cobra]

Breakdown is more likely which if indeed it's an early sign of a downtrend day.

[Cobra]

EMA20 here is the bear's last stand for today. Bulls are so resilient, eager to buy any dips!

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Kind of descending triangle so bias is a little bit down now instead of a boring range lasted the whole afternoon.

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/08 ... 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

[Sleeperz]

July FOMC minutes may spook stocks,
Hawkish FOMC minutes may follow, putting U.S. consumers in the crosshair.
July’s U.S. retail sales report endorsed the markets’ repricing of expectations to a “higher for longer” Federal Reserve interest rate path driving financial markets since last week. Receipts rose 0.7% from the prior month, dwarfing forecasts calling for a rise of 0.4%. Sales increased 3.2% from July 2022, marking the largest year-on-year since February.

Resilient appetite from U.S. consumers is a welcome sign for a global economy hoping against hope to avoid broad-based recession. The Eurozone—collectively about 15% of the global economy—is flirting with recession, if not already in one. China—the world’s second-largest economy at close to 18% of the worldwide whole—is still struggling to recover after reopening from “zero-COVID” restrictions in December.