09/27/2022 Live Update

[JFR]

ES 5 minutes. The bears are dayum serious this time. Down to S1, where it looks for some support.

[koolblue]

Whoop! There it is!

[Cobra]

Back test the break point, let's see if it's a kiss goodbye, so far looks like so though.

[Al_Dente]

Sept 27 (Reuters, few minutes ago) - The S&P 500 (.SPX) fell to its lowest level in almost two years on Tuesday on worries about super aggressive Federal Reserve policy tightening, trading under its June trough and leaving investors appraising how much further stocks would have to fall before stabilizing.

[BullBear52x]

This week will tell by looking at IWM if the Covid 19 Lows will be revisit. Not a pretty sight if breakdown here.

[Al_Dente]

cyan

[BullBear52x]

Clear 5 waves down. just for fun. Bear Flag nonetheless.

[jack black]

troubling news from europe: https://www.reuters.com/business/energy ... 022-09-27/

dollar went up suddenly at noon. but bonds were selling off before that, so maybe unrelated.

[JFR]

ES 5 minutes. Getting support at S1. In a range now between S1 and the June low at 3654.50. Waiting for a breakout/breakdown.

[Cobra]

Consolidation usually means continuation so bias is down.

[BullBear52x]

Looking down to next Key S/R level of 3592

[Serenity]

SPX McClellan Osc. was -165.24 and spy was 273.45 back in early 3/2020. It took 3 more weeks as SPX McClellan. Osc going UP and down till SPY still to lower and lower to 210.35 by late March 2020.
As of yesterday SPX Mc OSC. was -152.31. This is unreal.

[BullBear52x]

Last sell setup for today.

[jack black]

SPX McClellan Osc. was -165.24 and spy was 273.45 back in early 3/2020. It took 3 more weeks as SPX McClellan. Osc going UP and down till SPY still to lower and lower to 210.35 by late March 2020.
As of yesterday SPX Mc OSC. was -152.31. This is unreal.

i don't think its fair to compare now to 3/2020. that was very exceptional. https://www.jeffclarktrader.com/market- ... than-this/

$BPSPX is at 11 now, so i agree, it can go down a little bit more...

[JFR]

ES 5 minutes. A good push up out of the base. Those bulls. Never give up.

[jack black]

ES 5 minutes. A good push up out of the base. Those bulls. Never give up.

i don't think its bulls, its dollar going down.

[JFR]

ES 5 minutes. A good push up out of the base. Those bulls. Never give up.

i don't think its bulls, its dollar going down.

StockCharts' columnist and trader Gatis Roze says to ask What not Why. I tend to agree. Look at the price action. For a trader, the reason is less important.

Buying > Selling, for this trader indicates more action by the bulls. But who cares, really? I just trade the charts.

Have a good afternoon, Everybody. I am out of here.

[merryme]

Large lot buyers are back. They can handle drawdown.

[merryme]

This is a fast chart. 1x.1 on the one minute just to expose volume and the slug out between buyers and sellers. Note middle volume to the downside in an attempt to bring it down. Buyers took control again.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/