10/26/2022 Live Update

[Cobra]

The pullback probably will be bought.

[Trades w 2 Cats]

Wow,what can you say when the Treasury Secretary is having a public fight with the Fed, demanding they go for the Zimbabwe option.

Newsflow commented the other day that US Treasury is receiving the largest percent of GDP in recent history.

Harold Krruperman (Kruppy Adventures in Capitalism) has a piece out in total agreement with Jademan's post earlier today on Treasuries. His contention is that the Treasury Secretary and the prior both have had the opportunity to term out the debt at historically low rates but chose not to. At current rates in another year interest expense will equal the defense budget. Kruppy's point is when the Fed folds by long bonds with both hands.

As the old saying goes "may you live in interesting times".

[BullBear52x]

Bullish option is now on the table see July as analog.

[BullBear52x]

Man, it plays out like doctor prescribed.

Yesterday's HOD will be do or die for bulls. think auction!!!

[JFR]

SPY daily. In my opinion, it is a mixed bag on the daily.

CTM flat. EMAs 50 and 100 flat. EMA 20 up. MACD and Sto up. Bollinger turning up.

Short term trend up. Short term bias up.

The bulls are trying hard to form a bottom. Are they there yet?

[JFR]

SPY 1 minute.

Trend up intraday. In a strong pullback now.

[JFR]

ES 5 minutes. Strong pullback, through the EMA 20 and through a support level.

[Cobra]

Didn't see this sharp pullback coming. Now biggest red bar plus volume surge so should be a rebound here first then we'll see.

[BullBear52x]

Over bought hit resistance zone, down trend. if you are a bear if this is not a good entry for positioning in this area then there is no other better to risk the bearish entry. The best for bulls is to have a relief rally pull back and try a new HH, from there we will know who is real deal. first thing first.

[JFR]

Dow 30. Advantage greens. V and MMM leading. MSFT and frequent leader/laggard BA trailing. BA really gives you those ups and downs.

[JFR]

Alternatives.

Risers: DBC IAU IYR SPYV TLT and USO.

Falling: UUP

Schizo: SPYG falling first then rising then falling. It was at odds with SPYV on the open. As it happens I have an uncovered put running on SPYG.

[BullBear52x]

Back to day program. swing buy setup is entering buy the dip again, second one today. /ES key support pivot level is 3862. I am continue to my selling rips intraday until it fails. keep it simple.

[BullBear52x]

Eyeing overnight low, 3824, and 3794 to follow. /ES

Crazy low but that's TA

[JFR]

ES 5 minutes. Eyes on the Pivot.

[Al_Dente]

Reminder: Earnings after the close
META

[BullBear52x]

Swing buy triggered, bears need LL than 61.8% to fail that buy. for now if there will be a down trend day. this is it.

[Cobra]

EMA20 here is the bear's best place to make another leg down.

[merryme]

Fun Fact....deep purple line is ANCHOR from March 23, 2020 Low.

[jademann]

My head is spinning like a top. Up or down or up then down then down then up! I am going out, good luck!

Here is what Mr VIX says:
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137
https://stockcharts.com/h-sc/ui?s=$VIX& ... 1309525406
https://stockcharts.com/h-sc/ui?s=%24VI ... 6748220133

[merryme]

Not wanting this to break...