06/25/2021 Live Update

[Cobra]

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A little pullback overnight then a strong rebound so kind of C&H therefore bias is up.

Flat open so likely just a range day.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/06 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[BullBear52x]

Today is buy day, I was off yesterday as a sell day. buying in on the MA support was a little shaky this morning. another buy the MA support here with one more dip buy coupon.

[Cobra]

The pullback means it's just a range day, maybe the range high was in, now seeking range low.

[BullBear52x]

61ish must hold, or we will have a bearish reversal bar. one more buy dip to really say how weak the price action is.

[BullBear52x]

My road map was like this, yesterday gaped up and stay up messing up with my map. today I got no clue of what the market will be doing. will see. it's Friday, quick ins and outs.

[BullBear52x]

Interesting to note, Cobra mentioned on member only on RSP also, same view here on $RHSPX up side is limited, side ways to down will be my guess from this view. ATH with weak $RHSPX.

[Al_Dente]

TODAY IS THE DAY of the RUSSELL ANNUAL REBALANCE (RUT, RUI, RUA, RLG, RUJ)
The “pros” expect huge volume today, especially near the close (with institutions having to sell the stocks that Russell kicked out, and buy the new adds).
All I see at the moment is IWM is testing a double/triple top

[JFR]

SPY 5. Summertime blues. Some chop. Some drift.

[JFR]

DIA, IWM and SPY up. QQQ flat.

[Cobra]

Members only update at 12:12 pm
http://www.cobrasmarketview.com/2021/06 ... ay-update/

[BullBear52x]

market wants to be up. looking back it took two attempts to clear up to higher, so far this time still got all the energy, price action looks positive still.

[JFR]

SPY 15. Powerful players moving the markets, seemingly at whims, but actually for profit taking, speculating and investing.

[JFR]

Nasty action on GLD and TLT.

[BullBear52x]

I have to rethink about nothing goes straight up or down in stock market. True or False? also If it will not last forever it must end at some point True or False?

I got too much times on my hands.

[QED]

I have to rethink about nothing goes straight up or down in stock market. True or False? also If it will not last forever it must end at some point True or False?

Sven Henrich@NorthmanTrader
"No, the buy any dip mentality is so pervasive in the firm belief that the market is bulletproof because it acts that way that by the time this market actually does correct nobody will believe it. It could be an expensive lesson to be learned for all rallies end, even the ones that never end."

.

[Al_Dente]

[Bespoke, yesterday:] “Even though the index hit a 52-week high, only around 45% of S&P 500 stocks are even above their 50-DMAs.”
[On stockcharts, as of yesterday’s close] $SPXA50R = 47.49%

[Al_Dente]

New highs
and yesterday [EOD] they were loading up on more OTM puts; SKEW

[QED]

Russell Bursting With Money-Losing Zombies After Today's Rebalance
https://www.zerohedge.com/markets/russe ... -rebalance