12/03/2019 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 info@cobrasmarketview.com.

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

this bear may have legs.

[Cobra]

the members only update starts here: http://www.cobrasmarketview.com/2019/12 ... ay-update/

[BullBear52x]

what a wash out. it's going to be a fun ride today. support around here, a day like today I will have to wait out a little bit.

[BullBear52x]

My fib measurement of 261.8% is sitting right here at 77ish.

I will buy fading TICK -1000

lets pray

[BullBear52x]

That was quick $$$ with morning coffee. bulls can not lose today.

[Trades with cats]

Big drop so is a double bottom enough or do we need a third touch. You know lots of traders ready to rent a bounce.

[BullBear52x]

RSI(5) daily entering buy dip zone, next couples day will be a real fight for the bullish trend.

[Vaamsy]

Looks like a triangle/consolidation before the move down to 3065. And then the bounce?

[BullBear52x]

Whoop got stop out. sit and wait.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/12 ... ay-update/

[BullBear52x]

$TRIN is with the bulls, down side is limited the way the TRIN is for two days of sell off and it is still holding well below 1.

[Heck]

VIX BB Overbot
VIX RSI Overbot
VXV:VIX Overbot
NYAD/NYMO Oversold
SPY RSI Oversold

Waiting on sentiment

[Trades with cats]

VIX Everybody and their cousin was short. Chattering class kept saying record VIX short position from the COT reports each week. You knew it would unwind eventually. I gotta start swing trading that thing.

[Trades with cats]

Trying the hand drawn pitchfork again. Will see if it lasts.

[Trades with cats]

Hello 3083. Bam! Found the sellers!

[Trades with cats]

Putting old Wilbur Ross in front of the cameras explains the quick sprint up to the selling at 3083. I personally am beginning to think that after an entire year just maybe the townsfolk are getting tired of the White House crying "Trade Deal".

[Trades with cats]

Futures Trader 71 warned this morning that he expected the White House and the Chinese Newspapers to be waging a war of press releases today jerking the market around. Positive he was not the only trader to be thinking that today.

[BullBear52x]

congrats to the overnight swing sellers. yesterday intraday bears got a good run, today doesn't look like market wants to move much. hope it's not too boring. 3-5 handles day?

[BullBear52x]

I am waiting to sell rip, this one looks like a bear trap, well,it's bear flag but I am not chasing it.

[Vaamsy]

Triangle and a bear flag both should resolve to the downside.