08/06/2020 Live Update

[1980_GeorgeK]

Since market crossed bullish no touch on MA, it will this time and that's all I want. the buyers will jump in there. make or break remain to be seen.

This time this chart will work, as it filled gap.

[Heck]

Valid breakout, must be a good news. This bull shall have legs.

State department lifted advisory against all International travel

[BullBear52x]

Since market crossed bullish no touch on MA, it will this time and that's all I want. the buyers will jump in there. make or break remain to be seen.

This time this chart will work, as it filled gap.

This is when I start to counter trend, especially when, %B is >1 once I am in the money 20 points I will hold overnight. if not try again tomorrow.

[Heck]

32% of Americans had outstanding housing payments at the beginning of August

Lockdown cure

[Cobra]

Members only update at 3:38 pm
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[BullBear52x]

Look here where it takes us? the buyers will see the same chart, they would want to take profit also (I hope). Time to hang the bullish hat and put on the bearish/counter trend hat on.

[Mr. BachNut]

NYMO cycle turning back up today after brief decline.

Another up gap has closed.
Only one left about 22 handles above today's high.
A lengthy stack of down gaps below awaits.

Hard to imagine at this point Mr. Market not closing that last gap and making a fresh ATH, but anything can happen.
If the upper keltner gets tagged, it is further confirmation of a new bull market.
New U.S. infections appear to be declining now while country comes out of lock down.

I am still long a little R2K.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[Cobra]

Well, guess that't it for today, here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397

[Heck]

Stocks rise for fifth straight day led by tech
Nasdaq closes above 11,000 for first time

Pence said market bit ahead of itself
but noted he would use pullback as buying opportunity

Dreams of V-shaped recovery long gone

Initial Jobless Claims > million for twentieth straight week

PPP Loans Went to Chinese-Owned Companies

Second Wave Of US Layoffs Well Under Way

Stim Talks Stalled

Uber revenue drops - 29%

US Cruise Operators Halt Voyages Until Oct 31 After 2 Ships Hit By Outbreaks Amid Restart

BEARYA ?