05/08/2020 Live Update

[Heck]

When EU markets close
Do US markets seize ?

[Heck]

red close ?

[Cobra]

Probably breakout is more likely than double top here but I don't think breakout would go far.

[BullBear52x]

RSI 14 under 60. to expect a leg down is reasonable for most but this market V-shape is here to stay?

[jademann]

https://stockcharts.com/h-sc/ui?s=%24VI ... 2958886332

[Al_Dente]

Internals, 1min

[BullBear52x]

I am hopping on south bound train now.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/05 ... ay-update/

[BullBear52x]

look at BPSPX, well, hope Bulls can get out of this mess.

[Heck]

Sell day time, Buy night time

Works for US

[JFR]

SPY 5. Ready to meet up with the EMA 20.

[BullBear52x]

If market can gap over night every night then new high is possible, a trade back over 61.8% of last leg down is not bearish any more unless miraculously we trade back under again, for now a counter trend is not sitting pretty.

[JFR]

CSCO and KO doing well today.

[Al_Dente]

[Al_Dente]

1min internals update

[jademann]

My medium term view is this top chart.
https://sites.google.com/site/stoplosstraders/

[JFR]

ES 5.

[BullBear52x]

Cash SPX Fib, bulls still running the show until 61.8% is taken out.

[Cobra]

1st test of EMA20 in 2+ hours, watch for EMA buy setup which usually may only good for a scalp though.

[JFR]

ES 5. Pushing down a bit out of the squeeze.