09/20/2022 Live Update

[Trades w 2 Cats]

Pathetic move by bulls. can not escape these congestion zones.

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here. My guess is yes, because so far it's just a range day so breakdown here likely would fail.

[Cobra]

Members only update at 1:30 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

Too bad, it's a measured move down not a double bottom. This bear shall have legs.

[merryme]

Nice selling vol at open but in spite of that, spy wanders up on buying. Then we get nice volume to the downside but still hasn't tanked. Interesting.

[brokebybernacke2]

The Fed will save you, until it doesnt. big boys are long gone...

[merryme]

Large lot buying is noted in BOP. Looking forward to the close and of course tomorrow.

[Trades w 2 Cats]

The stage is set. Just waiting on the oracles to divine the future intent of the FOMC by interpreting the dot plots and parsing every utterance of the Chair. Could be a face ripper straight up but hey, my voodoo Elliot Wave stuff says we are in a 3 of a 3 of a 3 so it looks like we are on the way to a new low for the year. Mike Wilson (who has a good track record) is looking at October for the low.

[Cobra]

Possible higher low which if indeed then it's for 3 days in a row, the market rallied sharply before the close.

[brokebybernacke2]

The stage is set. Just waiting on the oracles to divine the future intent of the FOMC by interpreting the dot plots and parsing every utterance of the Chair. Could be a face ripper straight up but hey, my voodoo Elliot Wave stuff says we are in a 3 of a 3 of a 3 so it looks like we are on the way to a new low for the year. Mike Wilson (who has a good track record) is looking at October for the low.

Bonds , what an implosion, Fed can't even take a few billion off the books...

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[merryme]

Charts are not showing a heavy bearish bias although I have downside targets ready.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2022/09 ... 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