12/07/2020 Live Update

[Cobra]

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IB has problem login so I don't have real time ES now. The delayed chart shows a 50% chances of lower high trend reversal, if, if sharp pullback here, let's see. Possibly range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/12 ... ay-update/

[QED]

Cobra, you can get a free real time chart at Tradingview.com

[Al_Dente]

Just before the open:
"A proposed $900 billion coronavirus stimulus bill is expected to get backing from President Donald Trump and Senate Majority Leader Mitch McConnell, R-Ky., according to Sen. Bill Cassidy, R-La., who's involved in bipartisan talks. The package, set for release Monday, would be attached to a larger year-end spending measure needed to avoid a federal government shutdown this coming weekend." (AP)

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

Cobra, you can get a free real time chart at Tradingview.com

Thank you, I'll try.

[JFR]

SPY daily. A pause at the top. But price looks to continue its march upwards.

[Al_Dente]

Trading Volumes Plunge As Interactive Brokers, Robinhood Suffer Major Outages
https://www.zerohedge.com/markets/tradi ... to+zero%29

[JFR]

SPY 5. Getting squeezed by resistance and the EMA 20. Looks like it wants to move up.

[Cobra]

Clearly it's just a range day, take the time to relax.

[JFR]

SPY 5. Edging up. Taking a break.

[Al_Dente]

$NYFANG
fresh ATH
because of GOOG and TSLA

[Al_Dente]

Remembering the 2010 flash crash [24 minute video]:
One rogue ES-futures day trader "caused it", trading from his bedroom in his parent’s house.
The CFTC later sent him an email inquiring about his “suspicious trading activity” and he replied “hello, kiss my ass.”
He was arrested. His $50 million fortune vanished. Etc.
https://www.youtube.com/watch?v=_ZDEWVJan0s

[Al_Dente]

McConnell preparing to unveil GOP stimulus around 3pm.
Bipartisan group had wanted to unveil $908B bill text today, but some significant sticking points remain -- namely lawsuit protections for businesses and workers that Republicans are demanding and aid to state and local governments that Democrats have been seeking...

[QED]

.
The Only Live News Report from the Attack on Pearl Harbor

On December 7, 1941, an NBC radio affiliate in Honolulu made an urgent phone call to New York. In it, he begins to describe what the world would later know as the attack on Pearl Harbor.

https://www.smithsonianchannel.com/vide ... apes/52057

.

[Cobra]

Members only update at 12:20 pm
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Al_Dente]

TEN DAYS of leveraged juice

[Cobra]

The rebound might be sold eventually, now is the very first possible place.

[Cobra]

(The previous comment I thought I committed, but later found out not so it appeared late)

Now let's see whether bulls can make a slightly lower low trend reversal here.

[Al_Dente]

stockcharts is unstable
maybe it's just me