Cobra's Market View

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Higher low or not, wait and see. For now, it's a strong bear bar therefore bias is down.

sell at night, buy in the day. if no buying up today, it will be something new. looks at poor low of yesterday for now.

Swing sell setup: make or break.

Battle field. key pivot, do or die for bulls.

EMA20 now is the bear's last chance for the 2nd leg down.

Trend chage is in progress.

Stockcharts.com is down as expected, the day like today.

Intraday upfate at 12:15 Eastern:

NYMO -67
NAMO -20

BullBear52 wrote:Stockcharts.com is down as expected, the day like today.

Working for me.

Bias still is down.

MrMiyagi wrote: ↑Wed Oct 23, 2024 12:15 pm

BullBear52 wrote:Stockcharts.com is down as expected, the day like today.

Working for me.

my intraday chart still frozen.

Looking at 5830 for the bounce.
Will be looking for new wave counts.This is not an earnings season third wave!

well well well.....no end in sight.

Even number? /ES 5800

If I have a crystalball, it will be a low of day here. I am out, Peace!

At 14:15 Eastern:

NYMO at -73
NAMO at -26

Bonus chart: Fearful market is back, two days ago $vix didn't move high enough to scare the market, today it does. becareful out there for those with $50 per point kind of traders (me)

The rebound probably would be sold. We need a rebound that exceeds the pink area to show the very first sign of a bottom.