10/18/2023 Live Update

[Cobra]

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Don't know what pattern is in the making so no idea up or down here. We are stuck in a range probably.

[JFR]

ES daily.

7 days in this trading range.

Sitting on the EMA 20.

A doji.

[JFR]

ES 60 minutes.

Still on the roller coaster.

Down from the Pivot.

[Cobra]

Members only update at 10:17 am
http://www.cobrasmarketview.com/2023/10 ... ay-update/

[Cobra]

Rebound on testing the yesterday's low. Need exceed the tinted area to signal the bottom was in or near.

[Trades w 2 Cats]

False breakout but no new low,

Treasury auction and heavy Fed speakers all incoming around noon eastern so my guess is we tread water until the news gets digested.

[Cobra]

Members only update at 12:00 pm
https://www.cobrasmarketview.com/2023/1 ... ay-update/

[BullBear52x]

Swing setup: last buy failed, looks like there is no good news for bulls to hang their hats on any more? watch the MACD signal line, a cross back down bearish will suggest we may head back to test the recent lows.

[BullBear52x]

Intraday; not much to say, it has been weak all day with new swing low. bearish.

[BullBear52x]

$NYMO, a closed here or lower will have a bearish cross again, one day doesn't make a trend, last Friday bearish crossed were saved on Monday, will this one be saved? it's after market data, so I will pay attention to it today, besides $NYMO weakness the $BPSPX is also show sign of a weakness, need to see a follow through tomorrow for bears. Peace!

[Cobra]

Exceeded tinted area so the low might be or close (sometimes there's a revisit of the low before the bottom).

[Trades w 2 Cats]

How low are we gonna go ?

[Cobra]

Here comes the revisit which is too sharp than I'd like to see for a good revisit so chances of a double bottom was dampened.

[Trades w 2 Cats]

Please note I am not seeing any oversold on the fancy RSI, just over bought.

[BullBear52x]

/ES looking down if 4352.5 failed to hold up today. next line of support will be 4309, a strong support laying at 4278.5.

Crystal ball numbers.

[Trades w 2 Cats]

High volume node at 4355 has been doing the job of support. I do agree if it goes there isn't much until 4315. If that goes then as we used to say Katie bar the door!

[Trades w 2 Cats]

Release of Fed Beige Book on the hour seems to have stalled the market

[Cobra]

Members only update at 3:31 pm
http://www.cobrasmarketview.com/2023/10 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2023/10 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387