08/09/2022 Live Update

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[BullBear52x]

Another daily swing low, lower than the day before LOD. Negative price action.

[BullBear52x]

1-2-3 formation if we have new LL. (/ES <4100) that will be a do or die for both teams.

[BullBear52x]

After passing the Chips act bill.

[BullBear52x]

another leading indicator to pay attention to is HYG (Junk) is now cross bearish on Daily MACD (12,21,5) buyers beware.

[jack black]

After passing the Chips act bill.

sell the news?

[koolblue]

first support at 4116 gave a nice little bounce ...hoping the 4109 support does the same ( if we hit it at all. preferred support is the 4090 zone

[jack black]

I'm thinking tomorrow's inflation numbers not good and leaked. I strongly believe there is a wage pressure entrenched by now. Where I work, It's hard to find technicians. the positions that recently paid $70,000 are unfilled for many weeks now. The last applicant was offered $90,000 and a signup bonus and walked away from the offer.

[BullBear52x]

To continue the intraday bearish sell the rip, bears need new LL today, or it will be a mess tomorrow. still 2 hours to go. will see.

[Cobra]

The line below may not hold another test. I actually think a rebound should be due but so far don't see so yet.

[BullBear52x]

MM over 10 handles price move doesn't scare the bear away, this is bad sign.

[jack black]

the above line is not holding for NASDAQ, Russell 2000, and emerging markets. i'm thinking they are leading?

[BullBear52x]

Sweet entry spot, it's kind of late in the day but this is good sell setup intraday. wait for it. last trade today.

[BullBear52x]

2x top continuation playbook. last sell setup for today. a little late but it's looks good on a plate they just handed to you.

[Cobra]

Still the line below may not hold another test and breakdown is more likely now.

[Cobra]

Members only update at 3:25 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[BullBear52x]

Sell until it fails, failed it is......tomorrow is unpredictable, bearish bias, intraday price action is not as bearish. Peace!

[Cobra]

Members only update at 3:45 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381

[Cobra]

Sell until it fails, failed it is......tomorrow is unpredictable, bearish bias, intraday price action is not as bearish. Peace!

Probably priced in the tomorrow's bad news.