10/20/2022 Live Update

[brokebybernacke2]

Simple, bulls need close above 3700. otherwise, more downs. Much 'the low is in" style buying/accumulation in last few weeks, pretty tight range, that support can become tough resistance if it falls. The economic reports esp in labor market are pretty dang strong, dollar continues mission to moon..

[BullBear52x]

Bottom foundation building, early stage of bottoming, good momentum overall, HH form recent high on the daily will be extremely bullish for position traders. SPX P/E forward expectation next year is 15. 12 is screaming buy, this is why the long term early birds are active. for day traders, don't care, trend day everyday will be nice up or down.

[Trades w 2 Cats]

Options pining? If so market will trade more or less freely next week. November buy backs resume. With Hedge Funds short the predicted result is for a positive month. Why not as Goldman's buyback desk will once again have billions of cash to put into the market.

[BullBear52x]

The auction house theory suggests no buyers on the top. intraday buy fails will confirm that theory. Another messy day. another messy day eh?

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2022/10 ... ay-update/

[BullBear52x]

Price action review, gap and no go two days in a row. and now $CPC is >1. not bullish, bulls will have to paint a better picture than this.

[brokebybernacke2]

The auction house theory suggests no buyers on the top. intraday buy fails will confirm that theory. Another messy day. another messy day eh?

bulls know, the fight is here. cant let it go, we get a bit more down from 3700, it shall start a movin down

[BullTart]

Rejection off the descending channel's top range:

[JFR]

ES 5 minutes. Push down to the Pivot. Push through the Pivot. Somewhat ominous for the bulls.

[Serenity]

Options pining? If so market will trade more or less freely next week. November buy backs resume. With Hedge Funds short the predicted result is for a positive month. Why not as Goldman's buyback desk will once again have billions of cash to put into the market.

Well said. Two Thumbs up to your statement.

[JFR]

ES 5 minutes. The bears are testing down beneath the 3700 level. The bulls are looking for support.

[Trades w 2 Cats]

Triple touch of last nights low?

[BullBear52x]

looking down to 3683-90 ish. anything lower will be screaming sell intraday. /ES

[BullTart]

Over the years, I have learned not to go against certain seasonality setups... santa claus rally is one of them.

Last week of October dump is the other.

Continuing to keep shorts until then, and may flip long once November starts.

[JFR]

COP. Integrated Oil and Gas. HQ in Houston, Texas. Founded in 1917.

Not recommending. Not holding at this time. But there is a lot to like in COP for this trader.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas. -- Yahoo Finance

Taking a break ...

[Trades w 2 Cats]

Odds say something like 87% of the time either the OR high or low will be broken. Thinking 3690 is more likely than 3748

[merryme]

Upside Target not hit so waiting on downside target.

[Trades w 2 Cats]

This makes the prospects for Trans Ocean (RIG) and Sea Drill look better.

[BullBear52x]

Now I can say 3661 is next down target, I will call it a day if we get there.

[BullBear52x]

support right on LV area, I still looking down to 3661.