09/17/2020 Live Update

[BullBear52x]

Next sell setup, today is very weak so to look for RSI >70 to sell will be a hard one, If market were not done selling next sell on the MA resistance should be it. will see.

[JFR]

ES 5 minutes. Finding some support. I am just an observer of the day trading session today. There are scalps on ES, etc., available, but I am busy with some other stuff. Later ...

[Cobra]

Good signal bar and entry bar, maybe, just maybe bulls have chances here. Trading reversals setup has only 30% chances normally it relies on good reward risk ratio to make money in the long run, beware.

[BullBear52x]

See what I am saying? no high RSI, weak sauce!

[BullBear52x]

B% never made back up above center line, SPY chart here, buying is still counter trend until we can regain above center line to be more comfortable holding longs overnight. so.....weakie weakie....

[BullBear52x]

Bear flag, no high RSI = weak sauce, it will break down.

[BullBear52x]

If RSI > 70 on 1 min. chart or 2000 tick chart, then I would say last sell for the bears, for now just be patience, it ain't get no where with that weakness.

[Al_Dente]

note MLHR today
https://www.cnbc.com/2020/09/17/shares- ... surge.html

also of note:
Will Danoff manages $230 billion for Fidelity Investments.
"Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on Warren Buffett"
https://www.marketwatch.com/story/fidel ... 1600363626

[BullBear52x]

note MLHR today
https://www.cnbc.com/2020/09/17/shares- ... surge.html

also of note:
Will Danoff manages $230 billion for Fidelity Investments.
"Fidelity’s $230 billion man explains why he dumped Tesla shares but still bets big on Warren Buffett"
https://www.marketwatch.com/story/fidel ... 1600363626

Home Office sales surge is due to WFH Covid-19, that program will end next month on most big tech companies. up to $500/ employee. if you go to your friends house who make 25$/Hr with 500$ chair and work from home, you ask him about that

[BullBear52x]

Weak sauce, now you see how I read RSI.

[Al_Dente]

Weak sauce, now you see how I read RSI.

thanks for that boss

[BullBear52x]

Weak sauce, now you see how I read RSI.

thanks for that boss

lucky again for second inning .

[BullBear52x]

Cash SPX, bears got an eye on daily low, if so it will be a quick sell off on the next test.

[BullBear52x]

ES, if this one breakdown I would get my 3305 I was yepping about earlier today. hard to believe, but with crazy algo anything is possible.

[Cobra]

Break down is more likely.

[BullBear52x]

Okay I need to be quiet now. Peace!

[Cobra]

Well, it is a diamond bottom as a continuation pattern. &GOOGL is very clear. &AAPL not very so could be other pattern unless continue down from here
viewtopic.php?f=2&t=4213&p=287313#p287313

[Cobra]

Good signal bar and entry bar for the 2nd time, this time chances are better the low was in.

[Cobra]

$GLD, so far the descending triangle still is valid
viewtopic.php?f=2&t=4175&p=287316#p287316

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/