05/20/2019 Live Update

[Cobra]

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the pullback shall have legs?

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/05 ... ay-update/

[Trades with cats]

Overnight was a news driven event. Open question how the market responds as Huawei is not, to my knowledge part of any major US indexes.

Futures Trader 71 suggested sitting on hands until the market shows it's intentions.

[Trades with cats]

If you look at Wednesday's volume profile (because that's where we are in price) there is nothing solid to anchor price so I am looking for volatility in theory. We will see what actually happens.

[BullBear52x]

down target 26ish

[brokebybernacke2]

down target 26ish

yes, then bounce then 00

[QED]

Huawei is not, to my knowledge part of any major US indexes.

No, but companies that they buy from are.

.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/05 ... ay-update/

[Cobra]

it's morning hourly hollow red.

[BullBear52x]

wishful thinking.

[Trades with cats]

Looking like consolidation. Normally should eventually continue on up but not making any assumptions today. One thing is certain, when I draw some decent trend lines the market changes.

[BullBear52x]

Not roll over not over shoot for good setup either.

[Al_Dente]

These are all shorts
LEVERAGED SHORTS
15 day %

[BullBear52x]

I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

[K447]

I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

If Bulls do what?

[BullBear52x]

I am selling now. if bulls pull out today it will be a Hmmmm.....

No way.

If Bulls do what?

pass this 5DMA, Noway.

[Cobra]

break the ema20 slightly, it's the bear's last chance here otherwise we can forget about them today, again.

[BullBear52x]

Look at this rising wedge. Oy....

[BullBear52x]

I saw over sold Friday, but today's gap down tells me bulls are out of a bullet.

[BullBear52x]

Now for bears, a trade below 41 is a must, then next target is 26ish.

far far away land atm.