08/19/2023 Weekend Update

[Cobra]

Down 3 weeks in a row, buy SPY at the weekly close, HOLD until the very first up week, you have 79% chances to make money with profit factor 2.6 which is good enough.

[te_fern]

Over the weekend, please take a moment to vote for Cobra, thanks!!: https://stockcharts.com/public/1684859/ ... /533449377

[JFR]

SPY daily.

In a pullback since August 2nd.

Many bearish marubozus.

EMA 20 down. EMAs 50 and 100 flat.

Bollinger pushing the outside of the lower envelope.

Volume strong in the last 4 days.

MACD and the Histogram down strong.

Sto at the bottom.

Bullish marubozu on Friday. All alone in the bearish wilderness.

No longs for this trader overnight on SPY, ES and the like.

Day trades only, long and short.

Just in my opinion.

[jademann]

My bet is the VIX bounces off the blue line on up for the next three weeks like last year. The VIX should print 21 eventually.
A different opinion maybe but hey that's why it's a market! Bulls and bears make money.

[Cobra]

Sorry, sever was down due to OS update, after which it broke the http services so the web site was down. Now the problem was fixed.