10/04/2022 Live Update

[BullBear52x]

Last sell, if this sell fails, it will be range day. up or down breakout is anyone's guess. my last trade today. Peace!

[BullBear52x]

Keys take away today: Bullish bias near term.
1. $CPC <1
2. Price > 5 DMA
3. $SKEW > mid band

selling or shorting overnight is not recommended even we ended the day with negative price action. Price action, bulls need to take the negative price action serious also but for now bulls are holding better hand of cards. Peace!

[jack black]

Wondering if anyone was able to catch the wave these last two days?
I was long UPRO but after all the selling I sold first chance I got. I didnt see anything to think this was coming..

i was. long TQQQ and GDXU since Monday and Tuesday a week ago, see my previous posts. GDXU worked much better, especially considering Thursday and Friday.
it may not be the bottom, but it felt like a bottom.

edit: i reached the target on GDXU and sold (daily BB upper limit).

[jademann]

The VIX rule is still saying to sell rallies. However, I am staying flat
https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137

Jack I took a loss on the bull side last week. I am too bearish to hold in times of weakness.

[merryme]

It was a perfect Wyckoff short term trade. Phase A is the selling Climax, Phase B is where Accumulation started, Phase C is the 2nd point of fear where weak hands get shaken out, and Phase D is lift off.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2022/10 ... 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