10/04/2022 Live Update

[Cobra]

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This bull shall have legs.

[JFR]

SPY 15 minutes. Extended hours.

"If it looks like a duck, walks like a duck, and quacks like a duck, then it probably ... "

So, is it a stock market bottom? Well, yeah, of some sort or variety. But it is not permanent. Ha ha. It might even be very short-lived. Whatever. Just play the charts. Just in my opinion.

Re the duck test

https://en.wikipedia.org/wiki/Duck_test

Ha ha. There are some very funny examples in there.

[JFR]

ES daily. Looking to break out of the base, upwards.

[JFR]

ES 60 minutes. Big ups.

Rocketing through S1, the Pivot and R1.

[JFR]

ES 5 minutes. A couple of nice, clean moves. Testing the support level, just above R1.

[BullBear52x]

Look for bottom see the bottom now question the bottom?

[Al_Dente]

Yesterday:
Bullish island gap XLE
All last week OPEC was threatening to LOWER production.... as far as I know, there's been no decision reported yet....

[BullBear52x]

Gap and Go? dip will be bought then will see from there.

[brokebybernacke2]

Gap and Go? dip will be bought then will see from there.

island setup too. adp tomorrow. gonna be good, not sure if that is good/bad. 3785 target today, park it there.

[JFR]

ES 5 minutes. The bulls are going All-In. Like it was a rock solid bottom. Maybe it is. Ha ha.

[Al_Dente]

Job openings decreased to 10.1 million. Hires and total separations changed little at 6.3 million and 6.0 million, respectively.

[JFR]

Good fishing. Errr ... I mean scalping.

[merryme]

ROC 3 on Hull MA 10 goes positive usually means a nice swing pop.

[BullBear52x]

Been there Done that? bad idea to think it will be like last time. take one day at the time, it may gap up again tomorrow. it is common sense with this type of gamma squeeze it will not last and at the same time market can stay irrational longer than you can stay solvent.

[JFR]

SPY 15 minutes. Up, up and away. Going parabolic on the 15. Are we going to see that pbar target filled? Hmmm. Best to stay away from that for a while.

[JFR]

NYSE Tick and ES. 1 minute. The bulls running out of steam, at least for the time being.

Taking a break ...

[Cobra]

Members only update at 10:34 am
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[Cobra]

The pullback so far looks like a bull flag. Breakout to the new day high in the next couple of bars would be an early sign of an uptrend day.

[jademann]

Wondering if anyone was able to catch the wave these last two days?
I was long UPRO but after all the selling I sold first chance I got. I didnt see anything to think this was coming..

[Cobra]

Consolidation breakout is more likely.