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10/19/2023 Live Update

Posted: Thu Oct 19, 2023 9:06 am
by Cobra
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A little lower low but still could be a double bottom therefore hard to say whether the rebound now means the low was in.

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 9:11 am
by JFR
ES daily.

Slipping down out of the range, beneath the EMA 20.

Just above the 4300 support level.

2023-10-19_06-09-48.png

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 9:13 am
by JFR
ES 60 minutes.

Down and down.

And now a little push up towards the Pivot.

Above the EMA 20.

2023-10-19_06-11-55.png

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 9:32 am
by JFR
ES 5 minutes.

Finding some resistance at 4353.

2023-10-19_06-31-00.png

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 10:16 am
by Cobra

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 10:17 am
by Cobra
It's a morning hourly filled black bar

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 10:40 am
by te_fern
SPX.PNG
Been in this channel the last 3 days....

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 10:46 am
by Cobra
Let me try to call on the bear side which usually won't be right: Bias is down, unlikely it's a double bottom (green arrows) here.

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 10:48 am
by te_fern
HYG.PNG

High yield hasn't been helping the bulls....

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 11:03 am
by te_fern
J. Powell speaks sometime today, market is probably waiting on that...

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 11:20 am
by Trades w 2 Cats
Powell at noon eastern at an economic forum, I think the club in New York where he speaks every year.

It is his job to reverse the market! :lol: :lol:

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 11:25 am
by te_fern
Trades w 2 Cats wrote: Thu Oct 19, 2023 11:20 am Powell at noon eastern at an economic forum, I think the club in New York where he speaks every year.

It is his job to reverse the market! :lol: :lol:
Totally agree! LOL!

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 11:27 am
by te_fern
Riding that lower rail down today...

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 11:27 am
by te_fern
Should have followed Cobra's advice and bought a put!! LOL!

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:11 pm
by Cobra

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:11 pm
by Cobra
te_fern wrote: Thu Oct 19, 2023 11:27 am Should have followed Cobra's advice and bought a put!! LOL!
:lol:

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:41 pm
by Cobra
No comments, still waiting for the dust to clear. Maybe a rebound here first.
0.png

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:44 pm
by BullBear52x
Swing setup: last sell was a success, will see how many more sell the rips to be had. stick to what works. rip will be sold.

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:47 pm
by BullBear52x
Intraday: weakness to continue, another swing low today. (/ES may settle around 4309 today)

Re: 10/19/2023 Live Update

Posted: Thu Oct 19, 2023 12:49 pm
by BullBear52x
Overall momentum and internals are now confirming the follow through to the bearish side. Peace!