03/22/2022 Live Update

[Cobra]

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Rising wedge? Which usually means the last push up before a pullback.

[JFR]

ES daily. Sliding sideways, after the strong move up.

[JFR]

ES 60 minutes. In this base since Sunday afternoon. Between the Pivot and R1.

[JFR]

SPY 15. Some ugly, violent, choppy action yesterday.

[JFR]

ES five minutes. Sideways for 4 hours. Waiting for a breakout.

[koolblue]

byBulls want 4521 , bears want 4432. Time is running out for bears

[koolblue]

[BullBear52x]

Swing buy setup were a success with new HH, the over bought condition is only more overbought, there will be a limit to the up side. I am selling. no buy here.

[JFR]

ES five minutes. There is the breakout. Running it up the flagpole.

[BullBear52x]

One way to describe what I see now is the cart is in front of the horse.

[ccash04]

Bonds are getting crazy, looking at treasury curve, it is a mess, inversions everywhere. Perhaps priced in for equities but creates a murky picture for future.

[Cobra]

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

[JFR]

ES five minutes. Moving on up. Through the resistance at R1.

[BullBear52x]

Looking up to 4497.5, an up trend day, but I am not buying it. no new sell until there is a reversal to be had.

[BullBear52x]

testing the water, too good to be true.

[Trades w 2 Cats]

Staying above the EMA. Trailing indicators not showing much if any decline. Clearly selling pressure here at the century mark is being matched by buyers. So Captain Obvious says "this market is coiling prepare for a move".

[JFR]

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

Trimming the sails on swing trades done. Now checking some market news.

Energy has been the best performing sector, and the cheapest.

[Mr. BachNut]

Mr. B is flat and not trading due to preoccupations with other matters.
The chart is interesting at present. So, worth a post.

NYMO cycle is up and in the upper Turn Zone.
The upper turn zone doesn't offer an edge but signals one to be alert.
Sometimes it marks a high into a reversal, but it can also be the kickoff for a powerful rally or even just a period of consolidation.
Just need to watch and respond to what we get.
We do have a negative NYMO divergence from Friday's high, which also suggests watchfulness.

Not many gaps left after recent action, but we opened a new down gap this morning.
Price is testing the 200 MA successfully at the moment.
If bulls can turn the 200MA into support, then maybe they have a base to attack the January up gap and the upper Keltner.
We shall see.

[Al_Dente]

$NYFANG (and fngu, fngd) is now functionally deficient as any kind of a measure for the FANGS++
It's equal weighted 10% each.
BABA is throwing it into the "useless bin" for indicators

[BullBear52x]

8-9% retrace is new normal. market need to do the V-shape just because.