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07/07/2023 Live Update

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Cobra
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07/07/2023 Live Update

Post by Cobra »

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Higher low and double bottom? Seems to me (I don't read news and not suppose to) the job data is in line with expectations so the market doesn't know which direction to go :mrgreen: TLT is down so more hike.
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Trades w 2 Cats
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Re: 07/07/2023 Live Update

Post by Trades w 2 Cats »

ES 09-23 (6000 Tick) 2023_07_07 (6_51_54 AM).png
Third touch of this zone from below, could be a relief rally because of bad jobs report. But media says jobs report was not badenough to change Fed action at July meeting. Sitting on hands this time!
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Re: 07/07/2023 Live Update

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Re: 07/07/2023 Live Update

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Generally there's no way a double top here, breakout on the upside should be more likely.
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Re: 07/07/2023 Live Update

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Re: 07/07/2023 Live Update

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This bull shall have legs. It could also be an uptrend day.
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te_fern
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Re: 07/07/2023 Live Update

Post by te_fern »

Smalls. Broke trendline, came back and tested it, and now it looks like they're off to the races....
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te_fern
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Re: 07/07/2023 Live Update

Post by te_fern »

Currently smalls are way overbought, with RSI14 at 73+....
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Trades w 2 Cats
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Re: 07/07/2023 Live Update

Post by Trades w 2 Cats »

ES 09-23 (15 Minute) 2023_07_07 (10_39_03 AM).png
Well my nice clan five waves down got blown up. Rule is W4 cannot move into W1 territory. So it will get changed.
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JFR
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Re: 07/07/2023 Live Update

Post by JFR »

ES daily.

Bullish candle. Bounce up off the EMA 20.

2023-07-07_11-26-09.png
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JFR
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Re: 07/07/2023 Live Update

Post by JFR »

ES 5 minutes.

Good move up to resistance at 4475.

Now hanging on to the EMA 20.

2023-07-07_11-29-47.png
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te_fern
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Re: 07/07/2023 Live Update

Post by te_fern »

Will it bust one of these today....
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Re: 07/07/2023 Live Update

Post by te_fern »

There's the break....
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Cobra
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Re: 07/07/2023 Live Update

Post by Cobra »

Sorry, all posted to a wrong thread. :o

viewtopic.php?f=2&t=5800

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