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06/26/2020 Live Update

06/26/2020 Live Update

Postby Cobra » Fri Jun 26, 2020 9:24 am

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No idea up or down from here. Possible range day.
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Re: 06/26/2020 Live Update

Postby Cobra » Fri Jun 26, 2020 9:27 am

The members only update starts here: http://www.cobrasmarketview.com/2020/06 ... ay-update/

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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 9:30 am

Inside day still, a classic retest historical R/S line
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 9:32 am

Cash SPX Fib, problem at 61.8% looks like, sell it baby.
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 9:34 am

ES fails here, we go back to yesterday's low.
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Re: 06/26/2020 Live Update

Postby Heck » Fri Jun 26, 2020 9:41 am

New lows bro's

red close ?

Rare Friday

DIA SELLING < 256.05
QQQ SELLING < 245.96
SPY SELLING < 306.39

SP.1 SepFut SELLING < 3082
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Re: 06/26/2020 Live Update

Postby jademann » Fri Jun 26, 2020 9:49 am

I am back on the sell side because I see a possible pattern in the VIX with similarities to Feb 18th
http://schrts.co/aMqtmcGn
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Re: 06/26/2020 Live Update

Postby Cobra » Fri Jun 26, 2020 10:03 am


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Re: 06/26/2020 Live Update

Postby Heck » Fri Jun 26, 2020 10:14 am

$TRIN 1.20 = DOWN
Two/Three ISEE Indices = DOWN DOWN
Index Long Opening Undervalued PUTS Three times calls = DOWN DOWN DOWN

From sleepy to steepy SELLOFF
One for the record books ?
Last edited by Heck on Fri Jun 26, 2020 10:25 am, edited 1 time in total.
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 10:16 am

Not a bad day for morning bear, need to get out of the range to seal the deal tho
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Re: 06/26/2020 Live Update

Postby Mr. BachNut » Fri Jun 26, 2020 10:23 am

Mr. B here.

The NYMO cycle is down.
It is in the lower turn zone as I write, so time to be watching for a turn up, perhaps next week.
Alternatively, there is still a ways to go before hitting the oversold zone.
The last up cycle was very minor. I consider it a corrective within a bigger down cycle from the June 8 high.

Price-wise we are in a key time.
After busting above the 200 MA at the end of May, we backtested it as support in mid-June and are now testing it again.
It got tagged yesterday and bounced.
We also have a rising middle keltner approaching.
There is also a positive price divergence against the weak NYMO. This is typically bullish behavior.

All that said, closes below the June 15th low would argue a failed breakout and test of the 200 MA and a broad sell-off could ensue.
Conversely, closes above the June 8th high would argue a successful breakout and a new bull market.
There are intriguing gap targets in both directions.
So, we have a bull/bear battle. NYMO suggests the bears are winning. Price suggests the bulls are holding the line.
Price rules.

I am short the R2K with one scale in the bank. I have room to add on a bounce or even on follow-through.
I have short setups percolating on SPX too but they need better price action to get going.

NYMO 062620.jpg
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 10:28 am

No bottom until TSI crossed back, keep it simple.
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Re: 06/26/2020 Live Update

Postby jademann » Fri Jun 26, 2020 10:36 am

I have already decided I will be holding a ton of SPXU over the weekend. I am not going to daytrade this away this time.
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 10:37 am

For bears, histogram is on your side to test June 15 low.
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 10:39 am

For bulls you need $1.2T bill to pass :lol:

EDITED $2.5T
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Re: 06/26/2020 Live Update

Postby Cobra » Fri Jun 26, 2020 10:42 am

Testing the yesterday's low, let's see how the typical break down then sharp reversal up works first. Should be a rebound here first but overall, not looking good for bulls.
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 10:52 am

Bears max gain will be 2990, that will make today very good day in a long time.
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Re: 06/26/2020 Live Update

Postby Heck » Fri Jun 26, 2020 10:55 am

$SPX < 2965.66 = Free Falling

https://www.youtube.com/watch?v=1lWJXDG2i0A
Last edited by Heck on Fri Jun 26, 2020 10:58 am, edited 1 time in total.
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Re: 06/26/2020 Live Update

Postby 1980_GeorgeK » Fri Jun 26, 2020 10:57 am

BullBear52x » Fri Jun 26, 2020 10:52 am
Bears max gain will be 2990, that will make today very good day in a long time.

Agree!!!
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Re: 06/26/2020 Live Update

Postby BullBear52x » Fri Jun 26, 2020 11:46 am

Wishful thinking, see TSI, it is bottom possible.
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