09/08/2022 Live Update

[Cobra]

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Broadening top which unlike the name suggested, can be a continuation pattern so cannot say the top was in, rater I personally read it more as a continuation pattern, we'll see.

[marcueus2]

ECB rate hike by 75 bp, will be interesting today.

Cobra if you can tell us, how you see this market move up ?
During trading hours down move was slow and steady while up move was fast and chaotic - like someone was doing eveything they can to keep the market up.
Do you see it also this way or I read market wrong last few trading days

[Daniel]

ECB rate hike by 75 bp, will be interesting today.

Surprisingly, Dollar (UUP) is actually higher by about 2/3 of 1% in the pre-market.
Perhaps a classic case of "buy the rumor, sell the news" regarding Euro strength on the back of the rate hike. The adjustment decline happened yesterday.

[BullBear52x]

Resistance became support, very easy to see here. today is weak tho

[BullBear52x]

Swing setup buy the dip.

[Al_Dente]

"This is the most remarkable chart we've ever seen"
https://mailchi.mp/sentimentrader/this- ... a87ef92ec1

[BullBear52x]

Same playbook here for intraday trade.

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[BullBear52x]

Good momentum, need to see HH, if so then I can look up to 4030 on /ES. Bulls need to push a little more.

[Al_Dente]

Yield, SPX, Dollar
Daily

[Al_Dente]

TODAY:
Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’
https://www.cnbc.com/2022/09/08/fed-cha ... -done.html

[Cobra]

So far has chances being an uptrend day if no sharp pullback in the next 4 bars.

[BullBear52x]

/ES 4030 is where I will call it a day and a week, see you sometime next week, Peace!

[Cobra]

The pullback probably will be bought.

[BullBear52x]

No GO!!!

This is bad, I tried to be optimistic, Oy....Peace!

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

Looks like a bad news.

[Al_Dente]

CBOE QUICKIE, 12 minutes ago
"Record-breaking Options Volumes"
https://www.youtube.com/watch?v=bzHiBAnySlY

[Al_Dente]

The SPX volume ratio YESTERDAY gave a buy signal, which usually means more green ahead
(SPX up volume = 9.17x down volume)
(not shown: the NY volume ratio was only 4.75x)
Daily chart as of yesterday's close... ignore vertical lines