09/23/2022 Live Update

[brokebybernacke2]

This is a crash! get ready for next week action. /ES is heading to 3661ish ? last line of defense. this is bad.

We are down 2-3 % which has occurred numerous times over last few months. Far far from a crash, but therein lies the issue. What will really constitute a crash? There is nothing too exciting on the news front, JP already spoke for an hour wed, is he going to start QE again at 2pm? lol, the market is soooooo buy the dip trained. This not your daddy's Fed.. next week fri some inflation numbers, next mover.

[jademann]

print 3636 and lets get a bounce going.
GS called for 3600 at the end of the year not the next day!
https://finance.yahoo.com/news/goldman- ... 39381.html

[Al_Dente]

CHECK SPY VOLUME AFTER THE CLOSE; stockcharts can't handle real-time volume
SPY: Three red days down
Three days of reduced red selling volume [check after the close]
Selling volume gets weaker and weaker?
If true, that's a recipe for a bounce

[koolblue]

[Cobra]

Consolidation, breakdown is more likely.

[merryme]

Drilling into volume and that last bar noted on this fast chart is unusual for this time of day. Also, emailed customer support about volume 2 days ago and they said that intra day volume is accurate. Obviously easy to say because I have no way to verify. Sellers rule today.

[merryme]

A tiny bit of large lot buying noted which was overtaken quickly by sellers.

[merryme]

Working on GANN FANS on P&F charts based on the work by Douglas Arend.....

We were on the edge....but it broke.

[jack black]

Covered my shorts a day too early and left a lot of money on the table, LOL.
it really feels like short term bottom should be near. $BPSPX at 13 and $VIX hit the upper weekly BB. Dollar is on the tear. looks parabolic now in some time frames.

of course i could be wrong and evil putin will use nukes next week or China will attack Taiwan. both possible I guess.

[merryme]

Just a quick note on the GANN LINE chart I posted: The line that broke is the 45-degree line (aka: 1:1) which Gann accorded the greatest weight for support and resistance.

[Al_Dente]

... Also, emailed customer support about volume 2 days ago and they said that intra day volume is accurate....

Stockcharts doesn't know much about their intraday latency.... intraday volume is delayed by 10-15 minutes... and it's verifiable...

[Trades w 2 Cats]

Covered my shorts a day too early and left a lot of money on the table, LOL.
it really feels like short term bottom should be near. $BPSPX at 13 and $VIX hit the upper weekly BB. Dollar is on the tear. looks parabolic now in some time frames.

of course i could be wrong and evil putin will use nukes next week or China will attack Taiwan. both possible I guess.

Estimates on those are ES 2,000, so yea you covered too soon

[jack black]

feels like short covering started for the day.

BTW, SPY:UDN did not make a fresh low compared to june.

[BullBear52x]

sure enough bounce off 3661ish. Peace!

[jademann]

I am buying more UPRO for a medium term bounce. The GBP was down big today. Any news about that?

[Al_Dente]

HEAT MAP year-to-date performance
S&P 500

[jack black]

I am buying more UPRO for a medium term bounce. The GBP was down big today. Any news about that?

https://www.cnn.com/2022/09/23/economy/ ... index.html

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[brokebybernacke2]

everyone, like everyone is looking for that imminent bounce..careful

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/