08/26/2022 Live Update

[Cobra]

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3 Push Up? So one more up to make a double top then 2 legged pullback?

[QED]

.
How to high five a wild bear …

https://twitter.com/PubityIG/status/1562888208371060736

.

[cletus]

more up, no pullback

(Straight talk!)

[BullBear52x]

Intraday dip will be bought, but look at this chart, Bulls need to continue to push up, a rejection at 38.2% will be quite bearish.

[marcueus2]

what time powell speaks today ?

[BullBear52x]

Auction house theory. wait to buy dip no chase up for me.

[BullBear52x]

what time powell speaks today ?

in half hour.

[Al_Dente]

powell live in 2 minutes: HERE
https://www.youtube.com/watch?v=Bj_3dtE6RKI

[Cobra]

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

[BullBear52x]

This is bad straight under 38.2%

[Cobra]

Market seems not happy about what Powell said. He must have said to cut rate because I remember every time Fed said to raise rate the market skyrocketed high!

[jaguar6992]

Market seems not happy about what Powell said. He must have said to cut rate because I remember every time Fed said to raise rate the market skyrocketed high!

That was brilliantly funny!

[merryme]

Try to imagine all the stops that were just triggered with these last moves. FED days are Market Makers' Game On for Liquidity.

Market Makers are an oligopoly.

[Al_Dente]

INDEX OF CONSUMER EXPECTATIONS
Actually the Michigan Report came out moments before Powell started speaking, and the initial down was a response to that.

[BullBear52x]

Rejection at 38.2 of the big chart. Looking down to 4127, testing this time it will not hold.

4127/ES

[BullBear52x]

Swing setup is entering buy the dip, but this one is not a good buy setup. due to strong rejection.

[marcueus2]

Swing setup is entering buy the dip, but this one is not a good buy setup. due to strong rejection.

There will be no good buy setup until SPX gets under 3635 Market has spoken already

[BullBear52x]

4127 ding ding

It's Friday. Peace!

[Cobra]

Guess the market decided to go down now.

[merryme]

CONJECTURE....
"INDEX OF CONSUMER EXPECTATIONS
Actually the Michigan Report came out moments before Powell started speaking, and the initial down was a response to that."