09/26/2023 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

================================================================================================================================

Higher low or not, wait and see. One thing is clear from the chart: It's up and down going nowhere in the past couple of days instead of straight down, meaning bulls were trying to make a bottom so at least 50% chances of a bottom around here now.

[Cobra]

Members only update at 10:25 am
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

Some chances a double bottom here.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

Exceeds the pink tinted area then the low might be in or at least close.

[JFR]

SPY daily.

Down again. Scary for the bulls.

Beneath the EMA 100, approaching the EMA 200, not shown here.

[Cobra]

The rebound has been too slow so should be another test of the day low (dashed blue line) before the low could be in. Should the test make a decisive new low then bulls will have to restart again, i.e. rebound the revisit then see whether the low could be in.

[BullBear52x]

Swing setup: no change, rips will be sold.

[JFR]

ES 60 minutes.

Down. Down. Down.

From the Pivot, through S1, all the way to S2, where it finds some support.

[BullBear52x]

Intraday, weakness to continue the way it is right now, Bulls need to see a close back inside bar, Doji or Hanging man like candle, for now, they just fight to hold the intraday bottom. weak!

[BullBear52x]

Chart pattern, there's more down side until we hit the captain obvious spot.(SPY chart) Peace!

[Cobra]

Decisive new low so bulls will have to restart again: Dashed blue lines illustrated the typically fastest bottom pattern.

[JFR]

ES 5 minutes.

Weighing heavily on support at 4314.

[Cobra]

No rebound so far so no sign of "fastest bottom pattern" as illustrated by dashed blue lines yet.

[jademann]

I dont see a bottom until the government shutdown is averted.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

I dont see a bottom until the government shutdown is averted.

In the past, government shut down didn't affect the stock market, the market even rose.

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2023/09 ... 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