01/06/2023 Live Update

[JFR]

ES 5 minutes.

Trying for a breakout.

[jademann]

I will be flat until Monday night...
Musk's main interest is SpaceX, Tesla will ultimately be valued as a car company. Twitter was going down and Musk used his name and influence to try to save it.

[BullBear52x]

My red line, to stay positive price action throughout the day bulls need to keep marching on.

[Cobra]

Members only update at 12:06 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[JFR]

https://www.marketwatch.com/story/the-j ... =home-page

Job growth is slowing, wage growth is slowing, and the number of hours workers are putting in is actually falling. With the inflation rate declining rapidly, it’s time for the Fed to step back and allow the economy to glide in for the soft landing that everyone wants.

Breaking news: U.S. adds 223,000 jobs in December. Wage growth slows in sign of ebbing inflation pressures.

[BullBear52x]

Swing sell triggered, now the intraday dip buying will have to take out new high or we will end the day with negative price action.

[BullBear52x]

Buy dip setup, no failure, a fail buy and trade back under 100% mark will be another failed breakout. bulls need this buy to be good.

[Cobra]

The pullback probably will be bought. EMA20 now usually is the best possible place.

[Cobra]

It's a cup with handle, breakout is more likely instead of a double top.

[merryme]

Right at top of LOW POLE. Need to overcome LOW POLE high to be full tilt bullish.

[JFR]

ES 5 minutes. Up to R2, Resistance 2.

[BullBear52x]

$TRIN, $CPC, $CPCE, and $CPCI are all >1

Short squeeze. but .....only price pays!

[jademann]

Will probably be a 100 pointer. Taking us to 3906.. This may still not be a good short perhaps for a few hours.. One VIX target is 20.6..

[JFR]

Alternatives.

Rising: DBC GLD IYR SPYG SPYV TLT

Falling: UUP

Flat, after some gyrations: USO

[BullBear52x]

It's Friday, very over bought at daily resistance 20/50 MA, next week bulls will need to keep on pushing or the end of wave 4 here. very important pivot point in TA world. Peace!

[BullBear52x]

Chart for the road: A breakout and up from here will put in a very meaningful bottom.

[JFR]

ES 5 minutes. Pulling back to the EMA 20.

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[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.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377