08/23/2022 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

=============================================================================================================================================================================

Double bottom? Maybe too small to support a huge rally so if indeed it's a double bottom, it'd be just a rebound?

[BullBear52x]

Trend following setup, entering buy the dip, RSI > 30 will trigger buy.

[JFR]

SPY 15. Down day Monday. Flat overnight.

[BullBear52x]

Lower channel watch. sell for now but will use 4127 /ES as a pivot.

[JFR]

ES daily. After a strong move up, resistance at 4300 was insurmountable. Pullback to just beneath the EMA 20.

[JFR]

ES 60 minutes. Down. Down. And down. It has flattened out since the close of yesterday's day session.

[BullBear52x]

same playbook. Bears are in control under 38.2%

[JFR]

ES 5 minutes. A move up. A flat period. And now the wild action of the opening.

[jademann]

https://stockcharts.com/h-sc/ui?s=SPY&p ... 3260462966

UK 19% inflation..
https://www.marketwatch.com/story/u-k-f ... 1661190407

[JFR]

ES 1 minute. The danger of the opening. Sharp moves and some chop.

[Cobra]

Members only update at 10:15 am
http://www.cobrasmarketview.com/2022/08 ... ay-update/

[Cobra]

Some resistances here.

[ccash04]

anyone else see 3 push?

[JFR]

SPY 5 minutes. Price action.

I am not trading right now. Busy with some other stuff. Scalping and day trading need full attention.

But at a glance, the price action looks just ugly. Chop. Spikes. No nice little trends.

Gonna take a break. Maybe the price action looks more agreeable a bit later.

[BullBear52x]

/ES 4127 magic number

Range day

[BullBear52x]

New HH will be a chase buy, new LL will be a chase sell. stay in the range we are all go to sleep. Zzzzz

[BullBear52x]

Momentum selling, no new LL from here then boring day all day.

[Cobra]

Still not sure whether it's a double bottom here. I'm relatively sure though the line below may not hold another test so better be a double bottom!

[Al_Dente]

Shorts are stubborn... they don't really want to cover just yet...
when they do..... squeeze

[Al_Dente]

puts... still...