02/05/2020 Live Update

[Trades with cats]

The drop at 10:20 was clear and fast, an impulse. This move up is all wicks and tails, I will assume it is just a pullback. Still expecting a lot of the overnight It's Cured! It's Cured! rally to be taken back.

As Cobra has said trading dropping markets is not fun, I remember being in absolute terror of the rip you to shreds rally's during subprime.

[Al_Dente]

AD
ADV/DEC = bulls are 4x bears
UPV/DNV = bulls are 2x bears (THERE SHOULD BE MORE BULL VOLUME)

3.5x
2.5x

[BullBear52x]

My chart channel on /ES is a little differ than Mr. Bachnut.

[QED]

Bonus chart.

This channel chart also suggests risk for both bulls and bears.

Channel was broken in an end of month flush but has been recovered.
However, price, so far, has only gone up to test a prior consolidation area.
The degree of selling and distribution up here is probably key.
We'll see what happens.

Monday was an inside day that resolved bullish.
If, per chance, we get a reversal by end of week that breaks Monday's low, it would complete a bearish hikake pattern.

Directional movement is bullish at present.

I don't know what will happen.

ES Channel 0205.jpg

You had me at "bearish hikake pattern"

.

[JFR]

ES daily. Back up to the top, above the EMA 20, and the trendline.

[JFR]

ES 5. Down beneath the pivot and the EMA 20.

[JFR]

Dow 30. UNH, IBM and XOM leading the parade. MRK, DIS and V trailing.

[Cobra]

Members only update at 11:55 am
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[BullBear52x]

This down channel will be last hope for bears today

[BullBear52x]

back in full lot again. 5 handles playbook, greed kills.

[JFR]

ES 5. Up through the EMA 20 and the pivot, testing the trendline.

[Al_Dente]

Bonus chart..........

You had me at "bearish hikake pattern"
.

The Hikkake Pattern
https://www.investopedia.com/terms/h/hikkakepattern.asp

[BullBear52x]

bears are dead, the bearish reversal candle mission is a failed. 3 days over night gap total of 100 points, bulls long live. see you tomorrow. Peace!

[BullBear52x]

Chart for the road: By end of day if bears were to have any hope left we need to see a bearish reversal candle, either filled black or red candle. was hopeful this morning but not any more. peace!

[K447]

Bonus chart.
...
If, per chance, we get a reversal by end of week that breaks Monday's low, it would complete a bearish hikake pattern.

...

You had me at "bearish hikake pattern"

That if would seem to be key

[Cobra]

Not sure whether it's a range high here. Say, 51% chances.

[JFR]

https://www.marketwatch.com/story/dow-p ... od=markets

[Al_Dente]

Many of the Relative Strength Ratios (Risk Ratios) are still trying to recover

[JFR]

ES 5. In a base. All's quiet. Later ...

[Al_Dente]

TSLA down another ~20% today