09/09/2020 Live Update

[Al_Dente]

It's the very first touch of EMA20 in 2+ hours, watch for EMA buy setup. The setup may only be good for a scalp though. Touching EMA also could mean the uptrend is near over.

Anyone see that P-Bar on Cobra's SPY chart?

[BullBear52x]

It's the very first touch of EMA20 in 2+ hours, watch for EMA buy setup. The setup may only be good for a scalp though. Touching EMA also could mean the uptrend is near over.

Anyone see that P-Bar on Cobra's SPY chart?

sleeping again boss?

[BullBear52x]

Intraday buy is still well, I don't see bulls will let go today.

[Al_Dente]

WEEKEND POST: Whenever VIX closes (CLOSES) down below its upper bolinger band, it will trigger the famous buy-spx signal, known for its high rate of success as a signal. (Last time that triggered was 12 June; see lime circle)

That buy-SPX signal is on track to trigger today at the close.
(ALL DEPENDS ON THE CLOSE).
If triggered, the success rate was roughly 80% (failure rate 20% ... occasionally VIX will double dip).

[BullBear52x]

I think the push is to fill this gap? not bullish yet, it will have to be stronger to change many bears' mind.

[Cobra]

I see C&H instead of double top so bias is up

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[BullBear52x]

day trade bears, we did everything right, it just not meant to be today for bears. stay focus, Peace!

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

[BullBear52x]

What a day of fighting, bulls lose morning high (1) mid day high (2) and closed under 61.8%(3), bearish going into tomorrow. Not that I will hold shorts overnight but tomorrow will be another sell day for me.