Cobra's Market View

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In a range, no direction. Possible range day.

The members only update starts here: http://www.cobrasmarketview.com/2020/11 ... ay-update/

ES daily. Slight pullback. A doji so far. Inside bar. Forming a base.

SPX two attempt to breakout about to fail or not? easy day to trade today.

Find excuse to sell today, but right now we are back to no mans land, balanced area. ES

Dow 30. More green than red. Frequent flyer BA leading, while other times it trails. HON at the bottom.

Internals are too optimistic to buy, option expiry this week, expect high volatility, trend day or wide range is to be expected, stay awake and focus!!!!

Love this setup, MA resistance, if it goes, down trend day it is, if not then it will be range day, boring, dinner with mother-in-law is more fun.

Think day trade, once 80% of the stocks in SPX index are above 50 ma, the buyers will start to unload and taking profit.

ES five minutes. Riding the EMA 20. Taking a break ... hunger and thirst.

Obviously it's just a range day, take the time to relax.

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Goldman Warns Of "Massive" $36BN Month-End Pension Selling, 4th Largest On Record
https://www.zerohedge.com/markets/goldm ... est-record

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Going flat until a breakout will take us to lower target of 3565ish.

Hopefully it's the typical break down then reversal up.

Inside day, testing the range low, bears are in control but can not stop here today.