01/16/2021 Weekend Update

[Cobra]

Down 1 week, the next week has 61% chances to close up.

[Cobra]

Retailers are way too bullish?

[Cobra]

$AAII bull - $AAII bear rises, not extreme but enough for a possible top.

[Cobra]

AI Brooks' weekly comment: A breakout above bull channel usually reverses down within about 5 bars. Now we have that 5 bars.

[BullBear52x]

From "It is what it is department"Momentum and internals are leaning more bearish but upper trend line is still hold up well. a support on daily mid BB(20/21 not shown here) is clear, one day doesn't make a trend as we are all known this market has its own mind and careless about our feeling or thinking

All short term momentum are ready to fork it

Short term swing got a low, need to see lower lows, it is in an early stage of a trend change from up to down. I will be bearish and sell rips in coming week until buyers can regain price above 5DMA. Keep it simple, Peace!