06/09/2022 Live Update

[brokebybernacke2]

I think recent support just broke

ok lets see how deep the water is...

[Al_Dente]

Breakdown target CYAN
watch for a trap

[Cobra]

Decisive breakdown, this bear shall have legs.

[brokebybernacke2]

I think recent support just broke

ok lets see how deep the water is...

Junk and trannies have been wonderful leaders since late 2021. Junk is the leader , hyg is a good proxy, just make sure that hyg 75.90 not broken downside and bulls will have chances , not so much otherwise.....

[Cobra]

Consolidation, breakdown is more likely.

[jaguar6992]

As someone once said, "flat tops = market drops". Seems about right today.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2022/06 ... ay-update/

[Cobra]

As someone once said, "flat tops = market drops". Seems about right today.

Too bad, I thought flat top has been rare so likely a little more up at least. But still need a sharp drop tomorrow to confirm today's breakdown.

[cletus]

I still can't for the life of me understand why anyone was bullish off the lows and this recent "rally" (if you can even call it that, it was so weak on technicals). Not a single accumulation day with lopsided up volume. Missing positive divergences on key stocks like Netflix. It was truly amateur of people to be calling for a bottom there, and it needs to be called out.

[brokebybernacke2]

As someone once said, "flat tops = market drops". Seems about right today.

Too bad, I thought flat top has been rare so likely a little more up at least. But still need a sharp drop tomorrow to confirm today's breakdown.

A very orderly downtrend since beginning of year, very orderly. Below 3900, it wont be so orderly.

[koolblue]

Cletus, like you im very bearish, but being`bullish` at the 3800 low was the correct call. After all we got a 500 point rally ! It sure made me a lot of change for me! The real question is : is that it? Or is one more pop to 4200-4300 coming.And Jademan , i agree!

[Cobra]

As someone once said, "flat tops = market drops". Seems about right today.

Too bad, I thought flat top has been rare so likely a little more up at least. But still need a sharp drop tomorrow to confirm today's breakdown.

A very orderly downtrend since beginning of year, very orderly. Below 3900, it wont be so orderly.

Yes, it's very orderly selling. Not good for bulls.

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2022/06 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397

[cletus]

A truly disastrous day for bullish biased analysts.