09/11/2020 Live Update

[Cobra]

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I see 3 push down (red arrows) then some chances 2 higher low (purple arrows) therefore, say, 51% chances the low was in. At least today likely would be up because of the Patriotic Rally.

[JFR]

ES daily. Quiet start to the day. Getting squeezed by the EMA 20 and a support level.

[Cobra]

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

[JFR]

Dow 30. Lots of green. Led by NKE, AMGN and AAPL. WBA and WMT alone in the red.

[BullBear52x]

weak sauce. sell to continue

[JFR]

ES 5 minutes. Pushing down.

[Cobra]

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

[BullBear52x]

Buying dip will have to be a counter trend from here on out. trend following is for bears now.

[Cobra]

It's a morning hourly filled black bar

[BullBear52x]

Bulls can hope for messy inside day or a failed break down with strong reversal. for bears just kick back and sell at any intraday sell setup.

[JFR]

ES 5 minutes. Testing support levels. Back later ...

[BullBear52x]

It's like bass fishing, very fightsty.

[Cobra]

The 3rd test of the line so breakout is a little bit more likely now.

[Al_Dente]

[Cobra]

Trying the breakout again, this time breakout would be more likely and for real.

[te_fern]

Been watching this triangle, would feel better if we broke the red MA line....

[Al_Dente]

Bullish options traders (1/VIX) are above the pink line (approximately 5dma), frontrunning what they think will be a bigger bounce.
Indices not as strong yet

[Cobra]

The breakout here could mean it's an uptrend day but since it'd be mostly within the yesterday's range so I'll treat it as a range day, i.e. buy dip only, no chase high or buying breakout.

[BullBear52x]

weak sauce, see RSI, still waiting to short it. come2papa

[Al_Dente]

Same here: VIX ETF traders load up on long-spy-equivalent