11/23/2020 Live Update

[JFR]

SPY 5. Following the yellow brick road, the EMA 10.  Flatlining Friday.  Eratic now.  I am kicked back from scalping and day trading just now.  Got some stuff running as swing trades.  Gonna check some news.  It seems someone ''took his football and went home.'' I will pass on some good scalping opportunities. I did a few earlier.

[Cobra]

Not good so far, down from here then it's still the 2nd leg down, the 3rd leg down later would be guaranteed.

[BullBear52x]

Bulls need to pay attention to 3522ish because Fib 61.8% will not hold this time, a support at 3522ish is a must. with or without vaccine (S)

[Mr. BachNut]

Mr. B with a turket week post...

The NYMO cycle is up.
We put in a high in the upper turn zone 5 days ago.
Perhaps the worm is turning, but we remain positive and above last week's NYMO low.

Price has simply been trendless and consolidating in a range ever since the Nov. 9 spike high.
You could call it a triangle, but it is getting a bit long in the snout.
The next trend gets going above the 11/9 high or the 11/10 low me thinks.
Until then, chop chop.

We have 15 gaps below setting up a nice Pac-Man sequence.
There is one lonely gap above.
The bear in me would love to see a rally to close the up gap while putting in a negative NYMO divergence.
Unfortunately, I don't have a clue what will happen.

I remain long runner positions in SPX and R2K. Scale profits were taken a while ago.
The SPX runner looks pekid while the R2K is putting in a nice jog.
I may snug up a stop on the SPX if it looks like he is about to puke.

[JFR]

SPY 5. Sitting on a ledge. Gonna jump?

[Cobra]

Members only update at 12:10 PM
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[BullBear52x]

No new LL from here the day's bottom is here, one more sell (Come2papa rips) but this one will sell hard if so.

[Al_Dente]

MS: (Michael Wilson "Wall Street's most accurate analyst" because he’s been spot-on all year)
Long term bull, short term expecting a correction (because: virus spikes risk lockdowns, vaccine not until April; fiscal support: lack of clarity; pros are “all in” with little left to push the market; monetary support: unexpected "tightening" due to Treasury request for Fed to return funds; potus acting like Norma Desmond; etc.
"if we get a pullback, use it to lean into any higher cycliality that may be oversold."
zh: Stated even more simply, stocks can drift higher, but to shoot up and break the resistance level, the market will first need to slide to provoke the "appropriate" response either from the Treasury or the Fed.

[Cobra]

May still missing a higher low test.

[Al_Dente]

Smalls are the new king of the hill (old news) but they are starting to wedge
overbought
60min

[JFR]

SPY 5. Respect for the levels. Yesterday's close, with good volume. Bounce at the bottom. Riding the EMA 20.

[Al_Dente]

TODAY:
TSLA
ATH

IWM
ATH

SMH
ATH

[BullBear52x]

New hod day bears should know what will come next, for now bears are in charge still. SPX

[BullBear52x]

ES, intraday buy the dip, I am not a buyer today.

[Cobra]

Members only update at 3:40 pm
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[JFR]

SPY 5. Strange p bars. The bots are taking over. What's it going to be like a hundred years from now?

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[Cobra]

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

[BullBear52x]

SPY 5. Strange p bars. The bots are taking over. What's it going to be like a hundred years from now?

Screenshot_20201123_124701.jpg

1000 1111 0011 0001 0000 0001 1101 0110 0111 1111 1010 0000 1011 got it?

[JFR]

SPY 5. Strange p bars. The bots are taking over. What's it going to be like a hundred years from now?

The attachment Screenshot_20201123_124701.jpg is no longer available

1000 1111 0011 0001 0000 0001 1101 0110 0111 1111 1010 0000 1011 got it?

That looks like a computer language I studied decades ago. Fortran or Watfiv or something like that. Don't know how I passed those courses. Actually I do know. I got help in the programming room. Ha ha ... There were some hilarious panic attacks going on in there. One girl had all her printouts and programming cards spread out on the floor, kneeling amongst all the stuff, crying. (Where is that gawd dayum syntax error?) (The mainframe is down! Gawd.)

Arrays and me are not friends. Aaaarghhh What the f*** is an array? OK, I know. But they feel alien, like a spooky room down the hallway in the Hotel California.

data structure ... OK

elements ... Ughhh

array index or key ... Ughhh

index tuple ... Ughhh