09/29/2022 Live Update

[Cobra]

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Don't know whether it's a head and shoulders bottom here. Wait and see.

[JFR]

ES daily. Bullish bar, inside bar. Now back to its opening price. Well beneath the EMA 20.

In a base for 4 days.

[JFR]

ES 60 minutes. Chopping around for a few hours.

[JFR]

https://www.cnn.com/markets/fear-and-greed

From CNN Money.

Extreme Fear. Maybe so. But the market has been OK for a couple of days.

[JFR]

ES 5 minutes. Some very good action, on the short side, down to the June low.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[JFR]

ES 5 minutes. It's a walk on the wild side today. Lots of action. Good for the bears.

[brokebybernacke2]

yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.

[jademann]

Anyone else think that the bulls are owed a swing trade rally?

[marcueus2]

Anyone else think that the bulls are owed a swing trade rally?

For now this look like double bottom MACD is not negative on 1h and 2h (for now), we could even end green today

We need to hear cobra magic to know if green for today is possible

[Al_Dente]

OEX-100 large caps
INTRADAY
sorted by reds

[DellGriffith]

yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.

i got in yesterday. on the short side!

[ccash04]

Seems like this selling is overdone, Dollar is lower, long end bonds recovering losses, support holding, VIX slightly falling... risk/reward skews higher today i think

[brokebybernacke2]

yesterday was the last day to get out imo. the slide continues. have to say, BOE throwing in the towel yesterday was about 6 months earlier than i thought any bank would throw in the towel and attempt to reverse course, there must be some issues under the hood. 3600 gonna go.

i got in yesterday. on the short side!

Nice. Bulls gotta lotta work to do. CPI tomorrow. Bullish failures piling up...shorting rallies been the way, until they are not..how are earnings moving forward st going be good with rates high??? Think we gotta get through October earnings pain first before a bottom of some sort, just opinion. Shall be a bucking bronco until then.

[Al_Dente]

Daily signals are still short,
but they stayed short even thru the giant squeeze of early Sept
June low took only two days to form [pink box], we are now in day five of dicking around testing the 360 low
DAILY

[Cobra]

I posted in a wrong thread for the following posts:

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

Possible measured move up. Tinted area is the 100% target which may or may not reach $SPY $SPX $ES_F
viewtopic.php?f=2&t=5375&p=308225#p308225

Bears cannot afford to fail here otherwise it'd be double top, the day low would likely be tested $SPY $SPX $ES_F
viewtopic.php?f=2&t=5375&p=308224#p308224

It's the bear's last chance here to make another leg down. The current bull bar is big, could be an exhaustion which means a pullback here first $SPY $SPX $ES_F
viewtopic.php?f=2&t=5375&p=308219#p308219

[Cobra]

3 Push Up here? So it should go like dashed blue line illustrated.

[Al_Dente]

[source: northman trader]
"Don't believe a word they say"

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here. I need see two consecutive strong bull bars.

[Al_Dente]

Possible Descending Triangle on the 5minute
https://thepatternsite.com/dt.html