09/18/2023 Live Update

[Cobra]

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Double bottom (red arrows) or not, wait and see. Typically it shouldn't be just rebound all the way up from here - a clean double bottom, should be up and down around the line a little bit at least if indeed it'd be a double bottom.

[Cobra]

Members only update at 10:17 am
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

So far a boring day, take the time to relax.

[Trades w 2 Cats]

Waiting for FOMC
Talking heads saying this meeting sets the tone for the rest of the year.
Until we see it and the crowd reacts, chop fest!

[Cobra]

Bulls are gaining momentum, feels bullish now.

[Cobra]

Waiting for FOMC
Talking heads saying this meeting sets the tone for the rest of the year.
Until we see it and the crowd reacts, chop fest!

No hike but will reiterate the 2% target.

[Trades w 2 Cats]

The 2,000 tick price action chart is showing some decent channels. Currently stalling at a logical place (price with a zero, therefore option target).

[Trades w 2 Cats]

slower regular hours ES chart looks like 4520 would be the big resistance. Fancy RSI moving into a reversal set up.

[Trades w 2 Cats]

I would post an oil chart but I don't have the band width with my portable hot spot. Media says we hit around $95. X feed people hammering on how low world storage is right now. Also average US gas price is higher than last year at this time. True tell was Secretary Yellen commenting on gas prices at the presser this am.

Again, the underlying problem is a lack of refinery capacity and no new construction in developed world. Constant unplanned shut downs this summer from running old equipment as hard as they can.

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

The pullback probably will be bought.

[Cobra]

The current pullback maybe will be bought again but might be just a lower high or a slightly higher high.

[Cobra]

Typically it won't be head and shoulders top.

[JFR]

SPY daily.

Sideways action. Beneath the EMA 20, which is flat.

[JFR]

SPY 60 minutes.

Action --> "sound and fury."

Going nowhere --> "signifying nothing."

[JFR]

ES 5 minutes.

Ouch. Wiping out the gains of the day.

[theRASPYone]

itty-bitty bikini's, and itty head shoulders apparently work. I'm more long then I'd like to be at moment, but I'll wait!

[Cobra]

Typically even this rebound looks weak, it can actually go up and up, again, typically. Today had already one "not typically" aka head and shoulders top.

[Cobra]

Members only update at 3:43 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2023/09 ... ay-update/