Cobra's Market View

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Don't see anything from the chart. It's a holiday market so bias should be up.

ES daily. Day 9 in the trading range. At the top of the range. Above the EMA 20. Clear space above.

ES 60 minutes. After a couple of good runs up, moving down, testing beneath the EMA 20.

8:30 Durable Goods
8:30 Initial Jobless Claims
10:00 New Home Sales
10:00 Consumer Sentiment
2:00 PM FOMC Minutes

ES 5 minutes. A pullback to 4002. Looking for some support.

BOX breakout target (cyan arrow) was met overnight

Nothing to say, bias is up I think.

Bullish still - But, also best spot for a crash in sometime - bulls need to bust high today to be safe , do not stall here.

SPY is testing the 200sma
AGAIN

Short-to-Medium Term, not intraday:
VIX daily ... still long SPX

I keep getting "INTERNAL ERROR" when I try to post this... TRY AGAIN:
NYAD divergence at the high
We needed more stocks advancing
If SPY wants to make another run, NYAD will have to improve
5min

Perhaps a brief spike to 4050 + area at announcement and then drop
-if 75bpts or talk of higher terminal rate?.

No resistance above 4050 area but probably lots of stops to be run,

For trade with cats
https://www.tradingview.com/wall-of-love/

Guess someone just said something. So far up -> down -> up, so just a range day.

FOMC
"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said

Al_Dente wrote:FOMC
"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said

All looking for omnipotent JP next wednesday, catch up on sleep till then I think.

brokebybernacke2 wrote:

Al_Dente wrote:FOMC
"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said

All looking for omnipotent JP next wednesday, catch up on sleep till then I think.

Jackson hall next week ? What time ?

marcueus2 wrote:

brokebybernacke2 wrote:

Al_Dente wrote:FOMC
"A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate," the minutes said

All looking for omnipotent JP next wednesday, catch up on sleep till then I think.

Jackson hall next week ? What time ?

No Jackson Hall lol...https://www.brookings.edu/events/federa ... or-market/