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10/13/2023 Live Update

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Cobra
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10/13/2023 Live Update

Post by Cobra »

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Double bottom? Yield down, gold up huge, either dollar down a lot or the war gets worse.
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JFR
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Re: 10/13/2023 Live Update

Post by JFR »

ES daily.

Higher low.

Hanging on the EMA 20.

Forming a base, 4 candles wide.

2023-10-13_06-04-51.png
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JFR
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Re: 10/13/2023 Live Update

Post by JFR »

ES 60 minutes.

Ups and downs. No progress.

Up through the Pivot, strong candle, above the EMA 20.

2023-10-13_06-08-10.png
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JFR
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Re: 10/13/2023 Live Update

Post by JFR »

ES 5 minutes.

Up for 2 hours.

All the way to 4397, where it pauses.

2023-10-13_06-12-32.png
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Re: 10/13/2023 Live Update

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Re: 10/13/2023 Live Update

Post by Cobra »

No sharp rebound in the next couple of bars then it's a downtrend day.
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Trades w 2 Cats
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Re: 10/13/2023 Live Update

Post by Trades w 2 Cats »

It is options expiration today. ( note big sell off stops on a dime at 4360) So normal rules do not necessarily apply. Back to the regular program on Monday, Except with a full weekend full of war news and earnings season maybe Monday will not be so normal.
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JFR
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Re: 10/13/2023 Live Update

Post by JFR »

ES 5 minutes.

Very active day for the day traders. No progress for the bulls nor the bears.

Relatively clean moves.

2023-10-13_08-49-57.png
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Re: 10/13/2023 Live Update

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Re: 10/13/2023 Live Update

Post by Cobra »

Testing the yesterday's low, let's see any good rebound here which probably would be sold anyway.
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Re: 10/13/2023 Live Update

Post by JFR »

Any word from the Pasta Boss (Al Dente)?

Hope he is OK.

And BB52x has been skipping class. Probably fishing. ;)

Got an errand to run. Back later ...

2023-10-13_09-04-01.png
2023-10-13_09-04-01.png (77.32 KiB) Viewed 4252 times
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Re: 10/13/2023 Live Update

Post by Cobra »

Hmm, looks like the low was in for today. Didn't expect this.
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Trades w 2 Cats
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Re: 10/13/2023 Live Update

Post by Trades w 2 Cats »

ES 12-23 (30000 Tick) 2023_10_13 (10_18_17 AM).png
Both bulls and bears of Elliott Wave counts are in agreement that we have a ways to go down. So no surprise on the new low.
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Re: 10/13/2023 Live Update

Post by Cobra »

Valid breakdown so it's a measured move down. Tinted area is the 100% target.
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Re: 10/13/2023 Live Update

Post by Trades w 2 Cats »

ES 12-23 (2000 Tick) 2023_10_13 (10_28_37 AM).png
I have NOT been counting ways for decades like the two pros I follow so take this with a large grain of salt. But if I have it correct then 5 is likely done as the .616 to 1, 1 to 1 and 161% fibs comparing wave 1 to 5 are the common ratios,

Also I would expect the usual pattern of an end of day bounce thanks to 0 day options.
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Re: 10/13/2023 Live Update

Post by Cobra »

Need exceed the purple area to signal a bottom is near, so not yet.
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Re: 10/13/2023 Live Update

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Re: 10/13/2023 Live Update

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Re: 10/13/2023 Live Update

Post by 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.

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