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07/05/2022 Live Update

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Cobra
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07/05/2022 Live Update

Post by Cobra »

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Testing the double bottom (red arrows). I think the bias is down, maybe another leg down to test the June lows (Purple line below) has started, maybe. Yellow line is to show you the 100% measured move target which happens around the June lows.
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BullBear52x
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Re: 07/05/2022 Live Update

Post by BullBear52x »

Bear flag breakdown.
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BullBear52x
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Re: 07/05/2022 Live Update

Post by BullBear52x »

Inside day still, a new LL from Friday's low will be a trend down day.
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BullBear52x
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Re: 07/05/2022 Live Update

Post by BullBear52x »

Fearful market, in bear market the surprise will be to the down side. today is one of them. too many people were so bullish this weekend.
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Cobra
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Re: 07/05/2022 Live Update

Post by Cobra »


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cletus
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Re: 07/05/2022 Live Update

Post by cletus »

Cletus open:

1) Possibly going to fill the double gap at 369 before the rally resumes
2) Still on the stated path
3) Tech is strong today due to falling rates. This is something to watch.
4) Bearish moon cycles won out over bullish holiday seasonality. Bullish moon cycles resume next week.
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BullBear52x
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Re: 07/05/2022 Live Update

Post by BullBear52x »

Look at individual investors, very bearish just like during first Covid-19 scare, back then there is government intervention. today? not so much. best is a soft landing into a recession. as much as I want to see a bottom forming but I don't see any bounce will sustain at this time. stay side line or day trade that is the only game in town. I am taking next two weeks off to chase a salmon. There will be LL, Peace!
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Cobra
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Re: 07/05/2022 Live Update

Post by Cobra »

Double top then double bottom? For now I think breakdown is more likely which means I don't believe it'd be a double bottom here.
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

Is anything up on day like today?
Yes
This is INTRADAY S&P-500, sorted by green
Screenshot 2022-07-05 083636.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

Here is the reverse, sorted by reds
note energy :shock:
Screenshot 2022-07-05 083827.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

Three majors are in mid-channel after breakdown, still higher lows
Bottom panels: energy and semis breakdown, junk is trying to double bottom :roll:
Screenshot 2022-07-05 084642.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
jademann
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Re: 07/05/2022 Live Update

Post by jademann »

My comments were dictated to me by homie the clown
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Cobra
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Re: 07/05/2022 Live Update

Post by Cobra »


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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

SPX 60min
Cyan BOX with cyan targets
Screenshot 2022-07-05 093150.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

West Texas Intermediate Crude (WTI) is down -8% intraday :o :shock: :o
[CNBC]
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

Rob Hanna
Forward Performance After Bad 1st Halves Of The Year
https://quantifiableedges.com/forward-p ... -the-year/
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 07/05/2022 Live Update

Post by JFR »

ES daily. Day 5, flat, in a very tight range. Beneath the EMA 20.

2022-07-05_10-02-00.png
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Al_Dente
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Re: 07/05/2022 Live Update

Post by Al_Dente »

BullBear52x wrote:...I am taking next two weeks off to chase a salmon. There will be LL, Peace!
Boss, I don't want to jinx it, but every time you go on vacation the market does drop (true story).
Have a great time :D
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 07/05/2022 Live Update

Post by JFR »

ES 60 minutes. In the range. Huge move down today, through R2, R1, the Pivot, S1 and S2, all the way to S3. Much respect for various support and resistance levels.

2022-07-05_10-18-31.png
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