03/04/2020 Live Update

[Daniel]

Courtesy of Sentimentrader:
The 10day average of our SPY optimism index is extremely low. Sentiment is showing close to MAXIMUM pessimism. The last 10 times optimism towards U.S. equities was this extremely low, SPY rallied 100% of the time over the next 2 months.

Courtesy of Rev Shark:
My strategy now is to stalk entry points on an index short. My preferred vehicle is SPXU but there are a variety of 'ultra' ETFs that can be used to gain some leverage. If the short trade doesn't make progress fairly soon I'll cut it back; but I am going to put a small position in place now and then watch for additional entry points. If the market doesn't react to coming negative news flow then I will know my thesis is wrong, and will stand aside.

[JFR]

ES 5. Up to resistance.

[BullBear52x]

Chart for the road: last 3 trading days' TRIN that make you go Hmmm. tomorrow no failure for the bull to take out yesterday's HOD and hold. Peace!

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2020/03 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387

[Daniel]

from earlier today:

selling here will make money unless you think market will have a 4% gain day.

Let us all be cautious about what we joke about, with volatility this high! SPY up 4%.

[BullBear52x]

from earlier today:

selling here will make money unless you think market will have a 4% gain day.

Let us all be cautious about what we joke about, with volatility this high! SPY up 4%.

Shocked, not really, crazy market