05/22/2020 Live Update

[Cobra]

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No idea up or down from here. The rebound overnight can be seen as a double bottom but if sharp pullback from here then it's a lower high trend reversal. So kind of key time. My guess is a range day.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/05 ... ay-update/

[Heck]

SP.1 June Futures SELLING < 2,952.50

[JFR]

ES daily. Down a bit off the resistance level.

[JFR]

ES 5. A good move up from 5 and 1/2 hours ago, then flatlining.

[BullBear52x]

Sideways to down, but overnight action is strong. so....I will sit out for now, it's Friday, I will chase it down under 33ish ES

[JFR]

All is quiet on the Dow. RTX, BA and WBA leading. JNJ, CVX and XOM trailing.

[BullBear52x]

If trade under yesterday's LOD we may have a down trend day.

[Cobra]

Testing yesterday's low, break down then bears may have chance making a downtrend day. Usually should be a rebound but since it'd be mostly within the yesterday's range so it'd be a range day to me no matter what.

[JFR]

Quiet opening with the four Bigs. ES pushing down. RTY acting schizo.

[BullBear52x]

33ish is my key pivot, look at it now, stall there eh?

[BullBear52x]

Cash SPX, 5 dma support about to give.

[Al_Dente]

PROBLEM:
BABA and BIDU are the China “proxies” in the $NYFANG Index, weighted at 10% each (10 + 10 = 20%)
The Senate just passed a bill that would bar many opaque Chinese companies from listing their shares on U.S. stock exchanges or otherwise raising money from American investors. It now it heads to the House, and it may become law within the month.
BABA and BIDU “could be at risk of being delisted if this legislation were to pass.”
https://www.marketwatch.com/story/bill- ... 2020-05-21

This is the $NYFANG holdings, 15m, see bottom row BABA, BIDU

[JFR]

GLD 5 min.

[Cobra]

The rebound likely means it's just a range day, even the low was in.

[JFR]

UUP 5 min.

[BullBear52x]

I hop on the south bound train now, Chuuuuuuuchooooooooo

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2020/05 ... ay-update/

[Al_Dente]

Head and Shoulders
5m

[ccash04]

Its hard to be short but I think today it is the play to sell rips even before holiday weekend, small amounts only today.