08/22/2022 Live Update

[Cobra]

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The pullback overnight has been strong so probably more.

[JFR]

ES daily. Pullback to the EMA 20. The bears mean business. 4300 stopped the running of the bulls.

[cletus]

Does the bull have legs or is just sick? Critically injured by Spanish matador

[JFR]

ES 60 minutes. From R2 to R1, to the Pivot and down through S1.

[JFR]

ES 5 minutes. Strong move down 6 hours ago. In a base for 5 hours.

[koolblue]

Myself and ,i think Al Dente have posted seasonal charts for an avg year in the past. That was in fact , a big influence on my belief that we can now rally till the ettachment]of August. But i forgot this isnt any year, its a midterm election year! The seasonal have some important differences. Here is a look at avg seasonals since 1948 and incorporates the 4-year Presidential cycle, 1st term Presidency and the mid term election cycle. Look at mid September to early October! A lot of portfolios are gonna get crushed here.

[koolblue]

[BullBear52x]

A Mega phone breakdown will lead us to 61.8% level. for now could have an intraday support.

[jademann]

Neutral P level is just under 400. MACD saying sell for 5 days if similar to early June. Perhaps it is the 50dma it is aiming for.

https://stockcharts.com/h-sc/ui?s=SPY&p ... 3260462966

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Al_Dente]

[koolblue1413]

Lol

[Cobra]

We had an early sign of a downtrend day.

[Cobra]

BEARUNZIP.jpg

[Cobra]

Consolidation, breakdown is more likely which if indeed in the next couple of bars (I doubt though) with good looking bear bar then it's a confirmed downtrend day.

[cletus]

A little oversold today. Expect a bounce. Moon cycles are still bullish until first couple days of Sept. Plus we have an unfilled gap now on the sundays future open that must be filled. Should be a bounce in the next week and selling is no longer viable.

[JFR]

ES 5 minutes. From the opening, down beneath S2, and then back up to S2, where it finds some resistance. Sitting on the EMA 20.

Back later ...

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

It's the very first touch of EMA20 in 2+ hours, should attract some sellers.

[Al_Dente]

CBOE quickie
"How to Calculate the VIX Index"
https://www.youtube.com/watch?v=UNye9ilDs8o