03/22/2023 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.

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

Breakout is more likely.

[JFR]

ES daily.

Moving on up. Day 7 from the bottom. Up off the EMA 20. More room above. A doji so far.

[JFR]

ES 60 minutes.

Getting squeezed between major resistance above and the EMA 20 below. Up off the Pivot. Needs a breakout.

[JFR]

https://www.cnn.com/markets/fear-and-gr ... ess_ribbon

Fear and Greed Index.

Less fear than a week ago.

[JFR]

ES 5 minutes.

Trading Range behaviour. Play the fades. Beware of buying at tops, at resistance lines. Likewise, beware of selling at bottoms, at support lines.

Back later ...

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2023/03 ... ay-update/

[Cobra]

The pullback for now still can be seen as a bull flag so might be bought eventually. Roller coaster show at 2 pm, so I don't expect big moves before it.

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2023/03 ... ay-update/

[Cobra]

If reaches the 100% measured move down target then likely there's another leg down.

[Daniel]

Note the extreme underperformance of R2k and RSP today. Fear is greater there.

[Cobra]

Show time in 3 min. Purely from the chart since it was more than 100% measured move down which means down momentum wasn't weakened therefore should be another leg down.

[Cobra]

The first reaction usually is the true direction.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2023/03 ... ay-update/

[Cobra]

Members only update at 3:56 pm
http://www.cobrasmarketview.com/2023/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387