09/03/2020 Live Update

[Cobra]

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The pullback overnight for now looks like a bull flag. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/09 ... ay-update/

[JFR]

ES daily. Well above the EMA 20.

[JFR]

ES and NQ overnight gap down. YM and RTY not so much.

[JFR]

Dow 30. Somewhat more to the upside than down. Led by JPM, AXP and GS. CSCO, AAPL and MSFT trailing.

[Al_Dente]

Buying puts
still pricing in substantial risk
As Bloomberg macro strategist Cameron Crise noted [YESTERDAY], “in the history of the VIX futures contracts, we’ve never had an event risk command this sort of premium into forward-dated vol at a specific tenor... That obviously suggests that markets anticipate some pretty incredible fireworks.”

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[JFR]

SPY five minutes. "All's quiet ..." Thus far.

Taking a break. Back later.

[Al_Dente]

Fangs+

[Cobra]

Red, green, red, green, red, green, now maybe red, so it's reversal of reversal of reversal of reversal of reversal of reversal, anytime we see consecutive red or green bar then we know the pattern is broken and probably we'll have the direction.

[Cobra]

So breakout of the RRRRRR pattern, the next obvious target is the yesterday's low.

[te_fern]

Waiting for price to break this line before I think about any long trades....

[te_fern]

Pause, but no break yet....

[Al_Dente]

IWM bolinger compressed
Big move coming

[Al_Dente]

Tech stocks down, fidelity traders still buying (also buying SPY and easing up on SQQQ)
https://eresearch.fidelity.com/eresearc ... ders.jhtml

[te_fern]

Feel like I missed the bear trade, I'm waiting for a bounce. Where's BB52 to set me straight? LOL!

[te_fern]

FANGs are starting to free fall.....

[te_fern]

Down 17% so far on the triple....

[Al_Dente]

NOMURA
see two charts:
1) market liquidity low, and
2) VIX at a record high for any S&P 500 all-time high in history…
and read:
3) McElligott’s comments, “The Eq Vol complex is acting “broken” and indicative that “something’s gotta give,”  and etc.
https://www.zerohedge.com/markets/nomur ... to+zero%29

[te_fern]

This 3500 area may provide some support for a bounce....