03/04/2020 Live Update

[Cobra]

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The overnight rebound can be seen as the 2nd test of the yesterday's rebound high so from now on, no sharp pullback allowed, otherwise it'd be a lower high trend reversal, the rebound is over.

[JFR]

ES daily. The market is trying to recover. Higher lows. Well beneath the EMA 20. The plan is to scalp ES and day trade some ETFs.

[JFR]

ES 5. Some good moves overnight. Got stopped out on ES while AFK, 2 points more needed for the turn, then it ran well. That is the game we play.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/03 ... ay-update/

[JFR]

Overnight gap up on ES, NQ, YM and RTY.

[JFR]

ES 5. Tempting to jump in that first five minutes. You had better be on time. I managed to stay out.

[Heck]

CNN Extreme Fear 10 Rising = UP

Two/Three ISEE = UP

SP.1 Mar Futures BUYING Above 2,976.50

[JFR]

Dow 30. A sea of green. UNH, PFE and WBA leading. JPM and GS trailing.

[ccash04]

Bonds quickly pricing in recession makes me nervous that equities are in risk, even though I would like to buy today...

[JFR]

ES 5. Down to the pivot.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2020/03 ... ay-update/

[Cobra]

It's morning hourly filled black bar

[BullBear52x]

Can not hold on 5DMA, bad for bulls, selling to continue until then.

[JFR]

ES 5. Testing down beneath the pivot. It is holding so far.

[BullBear52x]

There is confusing to most traders due to Cash SPX and /ES not yet align on MA, at or around 5DMA area right now.

[JFR]

ES 5. Moving up, out of the range it was in. Bulls making a show.

Taking a break. Back later ...

[BullBear52x]

5 min. bullish, I will buy next dip on 1min. setup.

[Al_Dente]

CHARLIE at NOMURA:
zh notes that "Quants tend to use about 90% more words than they need (it's called hedging just in case someone actually understands what they are saying and they end up being wrong, a practice perfected by Greenspan)…"
Charlie’s bottom line: … despite yesterday's unwind, stocks continue to trade "short" , but a close above 3079 today would see the signal go bull, leading to further aggressive buying and more shorts squeezed.
https://www.zerohedge.com/markets/nomur ... to+zero%29

[Cobra]

Breakout above day high in the next several bars then it'd be an uptrend day. I'll treat it as a range day no matter what though.

[ccash04]

Legging into short here, small position size