06/30/2022 Live Update

[Cobra]

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Small falling wedge so might be a rebound upon open then we'll see, I think bias is down though.

[koolblue]

. To turn bullish short term i think think they have to push it above the 4850 level. Then at least the 4000, 4040, or 4160 could still be alive ( the next two days will tell the story) Everything is working for the bulls so the ball is in their court. I remain decidedly bearish overall!

[cletus]

Cletus open:

1) gap down over a previous gap - again! Don’t expect that not to fill either so at least that upside is eventually guaranteed just as 397 on SPY is guaranteed
2) If bears can trend today I assume we go right to the lows at 3,650, maybe get a double bottom but that isn’t a sure thing

[koolblue]

[BullBear52x]

Looking down to 3710

[koolblue]

Smart man! Thats why i luv ya ,pal!..LOL

[BullBear52x]

Fearful market.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2022/06 ... ay-update/

[koolblue]

Gann numbers: 3751,3736, 3721,3706, and 3691. To be used in conjunction with the fibs

[Al_Dente]

Intraday SPX 500, sorted by reds
much discretionary

[cletus]

This visual shows all the recent "gap over gaps" where the market gapped over a previously unfilled gap. The very low one only is on stockcharts and doesn't appear on my charting platform as a gap over gap, and that might have to do with opex and ex-dividend or something, but I am not sure it is actually a true gap over gap. It's included, anyway. All of these double gaps will fill. It's anyone's guess as to the order.

[cletus]

A larger H&S bottom could materialize here still on this pattern. The alternative bullish scenario would be a double bottom that moves straight to the double bottom price target. Note: The market's pattern lately has to been to sell off ahead of Fed meetings and rally after, so perhaps no launch until the next Fed rate hike.

[BullBear52x]

Intraday sell the rips setup. Bears don't want to fail here. if so, this is the last sell for today.

[marcueus2]

A larger H&S bottom could materialize here still on this pattern. The alternative bullish scenario would be a double bottom that moves straight to the double bottom price target. Note: The market's pattern lately has to been to sell off ahead of Fed meetings and rally after, so perhaps no launch until the next Fed rate hike.

Nope this is not H&S bottom The minimum target right now is bellow 3600 , could be much worse

[BullBear52x]

Last sell failed, I treat it as range day now. Buy low Sell Hi. OR do nothing. coffee time.

[Cobra]

It's the bear's last chance here to make another leg down. Probably it's just a range day.

[Al_Dente]

SPX hasn't yet broken its H&S neckline, so bulls have hope until then

Meanwile in Romania "The Dance of the Bears"

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2022/06 ... ay-update/

[JFR]

ES daily. A doji; it tested down, and came right back up. Also a hammer. Beneath the EMA 20.

[JFR]

Dow 30. The ups and downs. TRV and INTC leading. WBA and CRM trailing