06/09/2023 Live Update

[Cobra]

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The line has been tested many times, breakout is more likely.

[JFR]

NQ daily.

Day 12 in this range. Mild pullback.

Well above the EMA 20.

[JFR]

NQ 5 minutes.

Good move up this morning.

[JFR]

Source:

https://www.cnn.com/2023/06/08/investin ... index.html

New York CNN

Wall Street is feeling bullish again.

The S&P 500 rallied Thursday to end the day in a bull market, marking a 20% surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022.

Buoyed by gains in big technology stocks, the broad-based index closed at 4,293.93 and crossed the threshold that separates a bear market from a bull market — that’s investor-speak for a period of time marked by rising stock prices and optimism on Wall Street. Investors are certainly in a buying mood: CNN’s Fear and Greed Index hit “Extreme Greed” Thursday

Markets have remained surprisingly resilient over the past nine months, as 2022 losers like tech and media have bounced back from a disastrous year on hope that the worst is over for those industries.

The AI boom has fueled interest in tech stocks, which dominate the S&P 500. After a horrible year for Big Tech, optimism has returned as ChatGPT has made AI the it-thing in Silicon Valley. Investors are placing big bets on Google, Meta, Apple, Amazon, Nvidia and others, hoping they can drive a new tech revolution with artificial intelligence.

Not my data. Not my opinions.

My bias on the stock market is long on day trades, not on swing trades. Individual stocks can be played as swing trades long. IMO at this time the market could still have a large pullback.

[Al_Dente]

If we can hold the BOX breakout, we now have a target, cyan
60min

[Cobra]

Members only update at 10:23 am
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[ccash04]

VVIX at HOD and VIX not down that much, VVIX has been perking up, so owning some puts or VIX calls not looking bad.

[Cobra]

Possible lower high. The high might be in for today.

[Cobra]

Members only update at 12:06 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Kind of 3 push down so bottom should be near if not already in.

[Cobra]

Lower high again? So the rebound was over?

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2023/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377