09/15/2023 Live Update

[Cobra]

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The pullback overnight probably will be bought.

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[te_fern]

Ugly day. Could drop a little further....

[Cobra]

No sharp rebound in the next couple of bars then it's a downtrend day.

[te_fern]

See if it pauses here....

[JFR]

SPY daily.

Downer day.

A marubozu.

[JFR]

SPY 60 minutes.

A gap down. Then two strong bear candles. Followed by a doji.

"Exit Stage Left. Pursued by a bear."

2023-09-15_08-33-11.png (45.41 KiB) Viewed 2443 times

2023-09-15_08-28-06.png (81.56 KiB) Viewed 2458 times

[Cobra]

Typically by now the rebound should touch the EMA20 already, so a weak rebound so far, bears may have chances to push further down today.

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

EMA20 is the bear's last stand, strong breakout would mean the game is over for them. Key time.

[Cobra]

Testing day low, some chances of double bottom but my guess is breakdown is more likely.

[Cobra]

Don't know whether the rebound means the low was in or not. Probably not.

[JFR]

ES 5 minutes.

Down to S2, trying for a support level. Somewhat iffy.

[Cobra]

A down from open to close day has been rare, typically there'd be a rebound before the close, typically.

[Cobra]

Members only update at 3:31 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377