08/02/2019 Live Update

[MrMiyagi]

Lunchtime over, Trump and EU shimsham in 20 minutes.

[Al_Dente]

trump live any minute
re: EU trade
right now he’s in the WH with a group of “cattle ranchers”

[MrMiyagi]

White House is full of farmers and cowboys, Trump dressing up the shimsham press conference that is due anytime. Don't drink the koolaid!

jimjones

[Al_Dente]

trump live now

[Cobra]

possible double bottom.

[Mr. BachNut]

Possible wedge taking shape. Big enough to test breakdown level.
Maybe for next week some time?

[MrMiyagi]

possible double bottom.

GO YELLEN!!!!


Oh wait.. dammit....

[Al_Dente]

HAPPY HOUR

[Cobra]

chances are lower than I originally thought but still 51% chances of double bottom, at least for now it's a consolidation therefore bias is up.

[MrMiyagi]

Trump Rodeo with Ranchers was a nothingburger production.

So how do we close, profit taking ramp or panic selling drop.

[Cobra]

members only update at 3:22 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Cobra]

"bias is up" was fulfilled. now key time, pullback then it's just a range (should be more likely), breakout then double bottom confirmed (for today only of course).

[Cobra]

members only update at 3:45 pm
http://www.cobrasmarketview.com/2019/08 ... ay-update/

[Cobra]

well, guess that's it for today. here's what Monday looks like. 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/tenpp

[Daniel]

To close the week, price seems to be settling on or around the 15min 20ema on all three majors we track: SPY, QQQ, IWM.