Cobra's Market View

After two contiguous days of strong green NYAD, the market usually relaxes, but occasionally the NYAD goes for three-consecutive days strong-green before relaxing
60min

ACP chart. SPY 5. Heading downhill. Are the brakes working? LandryBowTie crossover. MACD down. Slow Sto down. Get ready to jump? Quiet day. Gonna take a break ...

https://www.youtube.com/watch?v=J7kP4mgkqy4

MA resistance sell. no new LL from here, bottom is in for today.

Need break above the EMA20 to be sure the range low was in. Too bad today the H<#> buy failed.

Vaccine market hype soon it will have no effect in the marker, Stimulus talk not gonna happen any time soon, Washington chaos will drag on until electors vote, Congress will vote for Biden for President, House will vote for Trump as VP. (this will be so comical next 4 years) told you politics stink to the high heaven.

Last sell the rip, well, Monday is not always boring after all.

ES, the bottom is critical to hold today, if not I see we can trade as low as 2565ish

Cash SPX FIb, so far gap and no go. a trade below Friday's high will weaken the market further in days to come.

Possible higher low.

How can I tell if this is real buying up or just a stops hunt. see RSI, (weak sauce) a good buying up should be >70 this one is telling me it is just a stops hunt.

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

SPY 5. ACP chart. Gap up and then a range, drifting up and down.