01/04/2023 Live Update

[Cobra]

Not sure whether we had a lower high here. Need strong bear bar to know.

[JFR]

ES 5 minutes.

The bears are having their say. Strong move down, from the EMA 20. Range day, but very active.

[Serenity]

Fed Minutes Show Inflation Resolve,
Concern on Market Views
Officials warn against ‘unwarranted’ loosening of conditions
Misperception of reaction function would complicate FOMC’s job

Market is going down now.

https://www.bloomberg.com/news/articles ... ify%20wall

[BullBear52x]

Overall staying above mid level.

[BullBear52x]

Intraday: Chop sideways, confusing market it is.

[BullBear52x]

Breakout failed. 3 out of 3, no confidence voted.

[jademann]

yeahhh... the dark side is printing today

[Serenity]

I am still holding to my longs.
$NSXT not doing to well. It is till in corrective waves, not to mention an ugly bar $VXN 5.82 printed out today. I don't know if history repeated self. Nov 2nd, 9.94 drop in 400 points in $NDXT, Dec 14th $VXN 11.92 sharp drop of 200 points $NDXT. We will see if buyers show up; so far all big investors doing nothing and sitting on cash.

[JFR]

ES 5 minutes.

Finding support at the Pivot.

[merryme]

Consolidation means ?
I am long --- but could be wrong!

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[brokebybernacke2]

Non farm payrolls this friday. That be the mover.

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2023/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449387