07/06/2022 Live Update

[Cobra]

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Double top or not, wait and see. Maybe we're in a range, we know the rang low, right now is trying to determine the range high.

[koolblue]

Still keeping an eye on 3902-8 area , but they really have to push it up hard today to get there.

[Al_Dente]

First time all year that long treasuries TLT are worth a look

[cletus]

Cletus open:

1) Nothing new since yesterday
2) Gap needs to be filled at 397 (roughly 3,970 SPX) at minimum so there is still upside possible but the market is trapped between 2 gaps

[Al_Dente]

[JFR]

ES daily. Still in a very tight range. Beneath the EMA 20 and a trendline. Inside bar.

[JFR]

ES 5 minutes. Nasty chop since the open.

[Cobra]

So far in a narrow range, boring day.

[JFR]

Alternatives. Since Tuesday. Some have changed direction: IYR, SPYV and TLT.

[JFR]

Dow 30. About even between the greens and the reds.

Two from the Staples sector, PG and WMT leading.

CVX from Energy trailing.

[jaguar6992]

So far in a narrow range, boring day.

Maybe Fed minutes will spice things up.

[JFR]

XBI. Biotech. Making a run. Pushing the outside of the Bollinger envelope. Breaking above the EMA 100. Marubozu yesterday.

[koolblue1413]

Mish mash should continue till 2. But then we launch to 3910ish or collapse tonear my old friend 3750.Place yer bets boys

[JFR]

ES 5 minutes. Pushing down to the Pivot. Testing beneath support.

Back later ...

[Cobra]

Members only update at 12:50 pm
http://www.cobrasmarketview.com/2022/07 ... -update-2/

[theRASPYone]

First time all year that long treasuries TLT are worth a look

The attachment Screenshot 2022-07-06 063535.jpg is no longer available

I have messed around in TLT in recent times and can't figure it out. Fortunately recouped losses. I think it's goes lower. But maybe a slight bounce for now?

[cletus]

Cletus close:

1) Bearish moon cycles suggest bulls might not have legs until early to mid next week
2) Bears should not expect significant downside if it does happen
3) Bulls can take comfort! Markets have rallied after all Fed decisions, so time wise there isn't much room for bears to move.
4) Oil is crashing which means an end to rate hikes and high inflation

[Al_Dente]

Standard BOX targets, eventually, cyan

[Cobra]

Back test the breakout point so probably the pullback would be bought. Nowadays any days related to FOMC were up.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2022/07 ... -update-2/