05/02/2023 Live Update

[Trades w 2 Cats]

Just for fun this sure looks like a big wave down for 1 and the fibs look right for 2 up. Guessing the Fed making high rates for longer tomorrow could easily trigger a nice wave 3 down. Time will tell-but in the back of your mind has to be the classic shape. We are just about at the 50% retrace of the drop to the October lows.

[BullBear52x]

Trend following setup is a little messy on the sideways market, that is to be expected, nonetheless, it's good map for short term trade direction, stick to what works New box today, Peace!

[Cobra]

Probably it's a cup with handle instead of double top so bias is up.

[Serenity]

I see from 407.82 to 411.58 complete of 5 subminuette waves.

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2023/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381