08/10/2023 Live Update

[Cobra]

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Looks like the market cannot decide which one to go, in which case, just always guess up.

[JFR]

ES daily.

Widening base. Beneath the EMA 20. At risk of falling.

[JFR]

ES 60 minutes.

A roller coaster.

[JFR]

ES 5 minutes.

Flat for 5 hours. Dangerous spikes 1 hour ago.

"Let's be careful out there," said the police roll call sergeant.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Serenity]

In the past couple months, July CPI day, market opened higher and closed lower by the end of day. In June CPI day opened lower and closed higher. Let's see how we close today. Let's see if Smart money buys at this high rate.

[Cobra]

The pullback likely would be bought.

[Al_Dente]

EARLIER THIS MORNING:
The consumer price index rose 3.2% from a year ago in July, slightly below expectations. The core CPI ran at a 12-month rate of 4.7%, also below the estimate. Both measures were up 0.2% on the month.
Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago.
Real wages adjusted for inflation increased 0.3% on the month and were up 1.1% from a year ago.
https://www.cnbc.com/2023/08/10/cpi-inf ... 2023-.html

[Al_Dente]

Average consumer carries $5,947 in credit card debt — a 10-year high
https://www.cnbc.com/2023/08/10/average ... -high.html

[Cobra]

This is new, I thought it'd be a strong uptrend day today. No, it's not. Now testing the day low, let's see any rebound here to make a range day. My guess is the gap might be filled today.

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[BullBear52x]

Swing buy setup, new one today. very volatile but first thing first. make or break?

[BullBear52x]

Intraday: it is bullish with the swing high, but this is no way close to a positive price action. very bearish action.

[BullBear52x]

So far so good for bulls, see a positive $BPSPX, really need to see a positive reversal bar (closed higher than open) to earn a green ring. lets see how the closed for today? Peace!

[Cobra]

Possible higher low so the low might be in for today.

[Cobra]

Members only update at 3:42 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397