09/09/2020 Live Update

[Cobra]

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No idea whether the pullback was over or not, usually there's at least a higher low revisit before a bottom can be possible though, so still missing something. Just it's usually, not always and this is why trading is hard, nothing is guaranteed. Possible range day.

[JFR]

ES daily. Beneath the EMA 20. Above a support level. A little hammer to start the day.

[JFR]

Dow 30. A sea of green. AAPL, MSFT and CRM leading the way. WBA, DIS and BA trailing.

[Cobra]

Opens near the yesterday's high, let's see if bulls can make breakout, sharp pullback may mean we are stuck in the same range as that of yesterday.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[JFR]

ES 5 minutes. Moving on up.

Got some work to do. Back later ...

[Cobra]

Strong breakout, maybe bears are over for today, maybe. At the current stage an uptrend day seems possible. The breakout need hold at least for an hour before can be sure it's an uptrend day so treat it as an uptrend day now has risks but on the other hand the riskier the more profit. There's simply no prefect trading.

[BullBear52x]

Best sell setup ever here.

[BullBear52x]

second sell under 5 DMA.

[BullBear52x]

Classic bull trap, from a spike down point of view.

[ccash04]

Playing short here would like to see 3300 or more shakeout before resuming higher, gap and crap today?

[BullBear52x]

This could last all day if intraday bulls were to hold on but most likely it will be sold later in the day.

[Al_Dente]

"When the Nasdaq has previously tumbled by at least 4% in the first five days of September, it has ended lower."
[small sample size]
https://www.marketwatch.com/story/when- ... 1599623691

[BullBear52x]

With this type of internals, no technician will buy and hold in here but day trade.

[BullBear52x]

bulls need to see the VVIX below 120, keep this chart in your tool box if you never look at it before, this is a family secret.

[BullBear52x]

Sell day for me, second one in. play hard to get.

[BullBear52x]

watch for support here, half off the table on my part. if MA not holding support bulls are done this morning.

[Cobra]

So far still is an uptrend day.

[JFR]

ES 5 minutes. Beneath resistance. Above the EMA 20. Temporary range. Waiting for a breakout.

[JFR]

Overnight gaps up are holding, so far.

Back later ...