Back to www.cobrasmarketview.com

   

09/16/2020 Live Update

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:55 pm

Now it's no longer a bull flag to me. The sudden push up apparently was just a news. We're back into the range which may last till the 2 pm roller coaster show.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 12:58 pm

Can anyone explain why $IWM and $RSP are strong today? Could it be money flow out of high tech into small stocks which is a sign of confidence in the future economy?

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 12:58 pm

Only pajama warriors made money on the buy side since the low. not healthy, expiry hedge, Friday to next week will be weak.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 1:06 pm

Time for Fed to help Joe on the street, not Joe on wall street. raising interest rate and let the market cool down a little. Bears are on a driver seat as long as we trade under 38.2%, Text book.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 1:18 pm

ES, a good run with MA support during this dead cat bounce, Fed or no Fed, a trade under will be another fast one to ride on.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 1:20 pm

The 10 fangs are not as weak as we think
SPX and QQQ are up against 38% retracement resistance
The triple top on SPX suggests a breakout
The lower high on QQQ suggests no breakout
But the 10 fangs already cleared the 38%. If they can stay above that, it will give bulls hope

916sixty.png.jpg
User avatar
Al_Dente
 
Posts: 24600
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 1:33 pm

Fed minutes Play:
sell order at 3425
Buy order at 3350
one active sell lot atm.

Bring it on Algo.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 1:41 pm

The 10 fangs ($NYFANG) on the 15min
(pink ma approximates the 5dma)
916fang2.png.jpg
User avatar
Al_Dente
 
Posts: 24600
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby Al_Dente » Wed Sep 16, 2020 1:47 pm

User avatar
Al_Dente
 
Posts: 24600
Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 1:54 pm

Bouncing from the range low, 5 min to roller coaster show...
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 2:15 pm

Guess the show was over, bulls won again.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 2:45 pm

I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 2:46 pm

BullBear52x wrote:I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa


FOMC day usually close weak so maybe the weak close already started... :mrgreen:

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby JFR » Wed Sep 16, 2020 2:47 pm

ES 5 minutes. Nice roller coaster today. Up. Down. Up. Down. Up. I have a handful of plays running but quiet after the first hour. From the tablet ...


Screenshot_20200916_114359.jpg
User avatar
JFR
 
Posts: 4571
Joined: Sun Dec 02, 2012 7:24 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 2:50 pm

Generally this pullback should be bought
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 2:54 pm

heading to my buy at 3350?
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 3:00 pm

Kind of 3 push up so usually the pattern thereafter should be like dashed blue line illustrated.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby BullBear52x » Wed Sep 16, 2020 3:02 pm

Cobra wrote:
BullBear52x wrote:I'd love to have my 3425 shorts order fill, but doesn't look like it will. come2papa


FOMC day usually close weak so maybe the weak close already started... :mrgreen:

Bulls can not afford a weak closed. ES here. projection not confirm down channel yet.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 23577
Joined: Tue Feb 22, 2011 3:47 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 3:10 pm

Back to the range low, not looking good to me (break down likely).
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

Re: 09/16/2020 Live Update

Postby Cobra » Wed Sep 16, 2020 3:32 pm

Testing the yesterday's low now...
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 47263
Joined: Sat Feb 12, 2011 10:29 pm

PreviousNext

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 15 guests