03/08/2022 Live Update

[Cobra]

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Double bottom or not, wait and see.

Gap up but within the yesterday's range so likely it's just a range day.

[cletus]

Not a double bottom, a bear flag testing neckline of a massive head and shoulders on the 60 min targeting 4050. Why so bullish every day and yet still wrong? The S&P will head to 3,650 whether people want to believe otherwise or not.

[BullBear52x]

We are in the oversold territory, will the buyers show up? that is the question. /ES 4223 will be my Pivot to start the day, currently 20 handles shy from it. so, selling pressure is strong until a trade above will I be interest of buying. will see first 5 min after opening.

[Al_Dente]

POTUS live at 10:45 ET
(maybe a ban on Russian oil imports.... no one is sure yet ...)
https://www.youtube.com/watch?v=riIbml4OyOY


Today is the AAPL event
10 a.m. PST
https://www.apple.com/apple-events/
or
https://www.youtube.com/watch?v=CUwg_JoNHpo

[Al_Dente]

on 2/25 our buddy Adam Mancini told us: $SPX seasonality continues its perfect track record. We got the Jan selloff, we got the early Feb rally, we got the mid February melt-down. We are now in the zone [as of 2/25] of the early March seasonal low.

Here is the seasonality chart he uses:
https://charts.equityclock.com/sp-500-i ... onal-chart
A bounce is due soon but it's hard to read when.
Please post a better seasonality chart if you have one.

[BullBear52x]

Bulls wishful thinking. Impulse 5 waves up to make a bottom short term. Bulls eyes candies.

[Al_Dente]

cyan box target almost met
hey, as long as we're down there, why not test the 24 Feb low

[BullBear52x]

$VIX over bought. We should get an (SPX) hourly positive one or two bars from here at the minimum.

[Al_Dente]

The "AKRON OMEN" triggered Friday and yesterday, Monday.
"AKRON OMEN" is a simplified Hindenburg. It is based on the notion that a sustainable up-trend needs triple-digit new highs, and a sustainable down-trend needs triple-digit new lows, but NOT BOTH ON THE SAME DAY.
Such readings are a sign of a confused market.
Too early to tell, but at the moment NEW HIGHS are 56 and NEW LOWS are 245 [as of 9:47 AM EST 3/08/22]

Chart is as of yesterday's close.

[Al_Dente]

Alert:
stockcharts is flickering
double check your charts

[Al_Dente]

cyan box target almost met
hey, as long as we're down there, why not test the 24 Feb low

Screenshot 2022-03-08 074423.jpg

Target met

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2022/03 ... ay-update/

[Al_Dente]

OIL

[jaguar6992]

When the rally comes, and I tend to think it will today, it most likely will be explosive.

[jademann]

S&P could drop to 4070 before significant bounce

[Cobra]

Double bottom, the low was in for today?

[Al_Dente]

5dma

[BullBear52x]

4181 /ES is key reversal, Buy in

[Al_Dente]

"President Joe Biden is expected to ban Russian oil imports in a Tuesday speech to 'hold Russia accountable' for the invasion of Ukraine, according to the Associated Press.

[BullBear52x]

Cash SPX, yesterday's LOD is key pivot now. bulls need to see a good piercing candle for the day to stay healthy, let see where is rip your face off rally when you need it.