08/21/2020 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.

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

Maybe a range or triangle in the making. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/08 ... ay-update/

[BullBear52x]

The internals don't allow me to be bullish, so I have to stick to what I know, no new high I will continue sell. the market tried to shake the bears out that's what I see, I don't want to call a top but we are at a major high, the correction will be big.

[BullBear52x]

Fearful market

[BullBear52x]

I will shoot for LH here on cash SPX.

[Heck]

SP.1 Sep Fut SELLING < 3,393.50

[BullBear52x]

I was at awe why market were up yesterday with all the negative intraday internals all day. well, this tells me counter trend is not for a faint of heart.

[BullBear52x]

Overnight low got bought up again, ES, sell. we will be flat and weakness into a close today I hope.

[BullBear52x]

Only few big tech stocks move this market, it ain't gonna last.

[BullBear52x]

same playbook, the first sell of the day.

[BullBear52x]

both 1 and 5min. lets do it.

[BullBear52x]

Now you know where I stand, I'll be quiet now.

[te_fern]

Now you know where I stand, I'll be quiet now.

You're not bothering me at all. Great charts and thoughts!! Thanks BB52!

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[Heck]

Hobgoblins
https://goldswitzerland.com/covid-19-a-hobgoblin/

[BullBear52x]

OK here is the cash SPX fib, no mater what the Low of yesterday need to be taken out for good Bear Monday (position lot)

[ccash04]

IWM at LOD, VIX still green, let's get on with the sell off.

[Mr. BachNut]

Quick update from the B.

The NYMO cycle is solidly down.
We have the unusual condition of NYMO nearing the Turn Zone with the index near ATH.
So, something dramatic (up or down) could lie ahead.

Price is consolidating.
Guessing decision time comes after OPEX or perhaps after month-end.

A plethora of gap targets lie below.

My R2K long closed out in the black this week and was reversed. So, now short R2K.
No SPX trade on deck at the moment given price and NYMO moving in different directions.

[Cobra]

If can touch the upper blue line again then a breakout would be likely.

[te_fern]

Crazy that smalls and bios are dropping while the FANGS and tech are going up.......