10/20/2022 Live Update

[Cobra]

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Don't know what pattern it is, falling wedge breakout?

[BullBear52x]

same playbook, going nowhere with bearish bias.

[merryme]

Hoping for a RETEST, but maybe not! The buying that moved that upsloping green line on chart has been strong.

[jademann]

Medium Term the UK is now in a complete shambles. Another headwind.

[Al_Dente]

note TSLA
missed earnings
LOW OF THE YEAR

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[BullBear52x]

40+ points straight up.

[BullBear52x]

Enter sell the rip on swing trade setup. first thing first, this sell fail then bulls will run the full show from here.

[Cobra]

Breakout to the new day high with good looking bull bar in the next couple of bars then it's an early sign of an uptrend day. My guess is a pullback here first though.

[BullBear52x]

Swing sell triggered, now the intraday buy the dip will tell if bulls are serious. internals are bearish still, will see. buy next dip intraday if it fails there then we will have another range day.

[JFR]

ES daily. Still hanging on the EMA 20. Still in a range.

[JFR]

ES 60 minutes. Breaking out of the base it has been in since Wednesday. Moving above the Pivot. Nowhere land.

[Mr. BachNut]

Not much to say today.

The NYMO cycle is UP.
NYMO has been making a nice series of higher highs and higher lows.

Price has cleared all nearby open gaps leaving just one below and a collection pretty stranded above.
The NYMO visit to the Oversold Zone in September offered an edge for price to travel to the middle keltner band.
We appear to be making progress in that direction, but the band is also falling to meet us now at SPX 3834 and change.
The 50 MA at 3897 and falling also looks interesting, but I have no idea what will happen.
It's still a bear market...

I remain long some SPX from the CPI low last week.
This was a discretionary trade to get exposure for a trip to the middle keltner.
My usual advance decline setups have not activated yet but may soon.

[JFR]

Dow 30. Heading into the backstretch, the Greens are leading. Technology stocks CRM and IBM are at the top, with INTC close by. Staples KO and PG are at the bottom along with TRV.

[BullBear52x]

Strong day should not trade under the early low, dip will be bought intraday, but a trade lower under the red line it will be weak buy signal.

[BullTart]

VIX broke the trendline:

ES at the top of the channel:

BUUUUUUT we are entering last week of Oct, which is the worst week seasonality speaking so,,, you know what that means:

[JFR]

Alternatives. 15 minutes.

Risers: DBC IAU IYR SPYG SPYV and USO.

Falling: TLT and UUP.

[JFR]

ES 5 minutes. Flat. But sliding down hard to the EMA 20.

Taking another break ...

[Cobra]

Lower high (red arrow) so the high of the day was in? Anyway, likely it'd be a range day so no move can be trusted.

[BullBear52x]

Buy dip setup, no failure for bulls. it will be big no.