08/01/2022 Live Update

[Cobra]

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Not sure if it's a lower high here or not, generally the pullback would be bought somewhere anyway.

[JFR]

ES daily. A pause in the move up. An inside bar. Well above the EMA 20.

[JFR]

ES 60 minutes. Breaking down out of the range. Beneath the EMA 20. Just above S1.

[JFR]

ES 5 minutes. Crashhhh. Strong move down. Finding some support at 4100.

[cletus]

Cletus open:

1) Nasdaq has fallen short of the 13,100 target, which tells me bulls might regain control of markets after any dip here
2) VIX never quite got to 20 or below which is really more prime shorting area
3) Dip buying is probably where it is at, even if this initial dip here goes a bit lower

[JFR]

ES 5 minutes. Testing down beneath 4100.

[BullBear52x]

Buyers are relentless.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[cletus]

For more precision on moon cycles, I use a moon phase function in Tradestation to calculate what day of the moon cycle we're on. Using a backtest, it was concluded that for something like SPY buying on moon day 9 (a few days before the full moon, with 0 being a new moon and 14 or so being a full moon) and selling on moon day 2 (a few days after the new moon) is the optimal strategy.

We're on moon day 3 now, moon day 9 will occur early next week, so if a pullback begins this week, that would be the time to strike again on longs and close out shorts.

[BullBear52x]

no man's land is a little volatile.

inside day mess.

[JFR]

ES 5 minutes. Clean moves, good for scalping.

[Cobra]

Possible higher low so the pullback might be over.

[Cobra]

Breakout, so it's a measured move up, tinted area shows where the 100% target is.

[BullBear52x]

Range, auction house theory, not holding new high will be bad at this overbought area. Buy Low Sell Hi still in play.

[brokebybernacke2]

heads up, or down.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[JFR]

SPY 5 minutes. Price action. Decent moves.

Back later ...

[Cobra]

Double top?

[BullBear52x]

Hourly momentum is still not crossing bearish. but the lower degree time frame are weakening. Bears need to sell harder to turn the hourly down. one step at a time.