02/20/2020 Live Update

[BullBear52x]

LL short term trend change is possible now. damage has done.

[Trades with cats]

Coolbiz tweeting in real time today. Says watch out for RYFO (rip your face off rallies) over the next couple of weeks.

[Heck]

Thick or thin, take some off the table.

Amen

[Al_Dente]

15min

[BullBear52x]

One day doesn't make a trend, but if bears got one more day of weakness, Methinks bears will have a better day next week.

[te_fern]

Wow, that was a ride. Are we finding a bottom for the day??

[te_fern]

TWC, now I have no guts to go long here!! LOL!

[Al_Dente]

zh says the catalyst is unclear
El Arian says it was an "air pocket"

[Cobra]

Don't know what happened. Anyway, generally the fastest bottom pattern is illustrated by dashed blue lines, so bulls may need wait.

[Al_Dente]

“It’s different this time”
Last time the Fang+ lost it (5 Feb), the SPX and QQQ held bull
This time they all lost their lunch

[te_fern]

Thanks for the warning Cobra!!

[BullBear52x]

No bottom yet, I am eyeing 3328, may not be today but very high probability.

[Al_Dente]

Fang+ higher lows
Options traders ARE NOT buying it yet
5min

[ccash04]

That was a bull trap, still think you can short, there is going to be overhead supply me thinks.

[te_fern]

Another option is to go sideways the rest of the day...

[Al_Dente]

via zh:

[Trades with cats]

Jim Bianco on twitter says this Global Times article is the cause of the selling-fear that the rest of the country will shut down.

"A central Beijing hospital reported 36 novel coronavirus cases as of Thursday, a sharp increase from nine cases from two weeks earlier, leading many to fear a potential explosion of infection numbers in the capital.

Among the infected at Fuxing Hospital in Xicheng district were eight medical workers, nine cleaning staff and 19 patients along with their families, the Beijing government's leading group for COVID-19 prevention and control work said at a press conference on Thursday.
"

[BullBear52x]

last sell today,

[Al_Dente]

SPX megaphone on 60min

[JFR]

ES daily. Reaching down to the EMA 20.