10/19/2023 Live Update

[Cobra]

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A little lower low but still could be a double bottom therefore hard to say whether the rebound now means the low was in.

[JFR]

ES daily.

Slipping down out of the range, beneath the EMA 20.

Just above the 4300 support level.

[JFR]

ES 60 minutes.

Down and down.

And now a little push up towards the Pivot.

Above the EMA 20.

[JFR]

ES 5 minutes.

Finding some resistance at 4353.

[Cobra]

Members only update at 10:15 am
http://www.cobrasmarketview.com/2023/10 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[te_fern]

Been in this channel the last 3 days....

[Cobra]

Let me try to call on the bear side which usually won't be right: Bias is down, unlikely it's a double bottom (green arrows) here.

[te_fern]

High yield hasn't been helping the bulls....

[te_fern]

J. Powell speaks sometime today, market is probably waiting on that...

[Trades w 2 Cats]

Powell at noon eastern at an economic forum, I think the club in New York where he speaks every year.

It is his job to reverse the market!

[te_fern]

Powell at noon eastern at an economic forum, I think the club in New York where he speaks every year.

It is his job to reverse the market!

Totally agree! LOL!

[te_fern]

Riding that lower rail down today...

[te_fern]

Should have followed Cobra's advice and bought a put!! LOL!

[Cobra]

Members only update at 12:10 pm
https://www.cobrasmarketview.com/2023/1 ... ay-update/

[Cobra]

Should have followed Cobra's advice and bought a put!! LOL!

[Cobra]

No comments, still waiting for the dust to clear. Maybe a rebound here first.

[BullBear52x]

Swing setup: last sell was a success, will see how many more sell the rips to be had. stick to what works. rip will be sold.

[BullBear52x]

Intraday: weakness to continue, another swing low today. (/ES may settle around 4309 today)

[BullBear52x]

Overall momentum and internals are now confirming the follow through to the bearish side. Peace!