Back to www.cobrasmarketview.com

08/10/2020 Market Recap

Post Reply
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

08/10/2020 Market Recap

Post by Cobra »

Finally reached the blue line. Now let's see whether bears can make a double top here. 50% chances for now.
Attachments
spy.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58337
Joined: Sat Feb 12, 2011 10:29 pm

Re: 08/10/2020 Market Recap

Post by Cobra »

SUMMARY:

Just a boring range day or more precisely a typical down in the morning then slowly up and up till the close day, a typical slow bull day. Trading this kind of day need a right guess, knowing the morning dip is the only dip.

NOTE:

N/A - subtly suggest the rebound target (viewtopic.php?f=2&t=4149&p=285741#p285741).

N/A - reminded a resistance here (viewtopic.php?f=2&t=4149&p=285742#p285742).

N/A - another reminder of a possible resistance here (viewtopic.php?f=2&t=4149&p=285750#p285750).

Right - called up here (viewtopic.php?f=2&t=4149&p=285753#p285753).

The close.
1.png
DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.
  • My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
  • Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
  • Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Heck
Posts: 2535
Joined: Thu Nov 15, 2012 4:56 pm
Location: Lake Tahoe, Nevada

Re: 08/10/2020 Market Recap

Post by Heck »

SP.1 Sep Fut SELLING < 3379

Precious Punting

QQQ fainting
Post Reply