09/16/2022 Live Update

[Cobra]

Revisiting the day low, before a decisive new low, I'll need see 2 consecutive strong bull bars to know the low might be in.

[Cobra]

Members only update at 12:16 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[merryme]

This is a one minute chart of BOP on TC2000. Note the green rectangles that indicates large lot buying starting at 9:45. At open, small funds and retail traders dumped. Then the large lots who are either betting on an up move OR holding up the market came in... BOP=Balance of Power.

[Trades w 2 Cats]

This is a one minute chart of BOP on TC2000. Note the green rectangles that indicates large lot buying starting at 9:45. At open, small funds and retail traders dumped. Then the large lots who are either betting on an up move OR holding up the market came in... BOP=Balance of Power.

Convergent Trading in house package with the expensive data feed reconstructs the orders to show the block sizes being broken up. Futures Trader 71 occasionally shows that screen on his free morning show. There is another trading package ( at least 1 more) that offers that to retail level futures traders.

I am either out in the SoCal desert or on the road in our aluminum trailer so using cell phone internet speeds thus I have not looked seriously at what sort of an edge thus stuff would give you in return for several hundred a month in fees.

[Trades w 2 Cats]

Channeling pretty good today. Wondering if the machines will ramp up for the close with a try at a gap close on Monday. At least that was what use to happen. Not sure if that is realistic with Goldman's buyback desk moving into black out.

For now the third touch of that Opening Range (60 minute) Low is looking like a possibility.

[Trades w 2 Cats]

My very amature current wave count. Not pretty but it looks like it meets the rules. If this plays out then an ABC pullback at the next higher level later today or Monday open.

Have a good weekend!

[merryme]

Just looking at some old charts. Note the black fork which is older. Note the current candle MAY be retesting the outer fork line right above open gap noted in yellow.

[Cobra]

Maybe the low was in for today.

[JFR]

ES 60 minutes. In a range today between S1 at 3860 and S2 at 3890.

Have a good weekend, Everyone.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2022/09 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377