Cobra's Market View

10 day percentage view from the short side
JUICED SHORTS

Bears are good, but RSI <30 is a must to have a better day.

Baidu, Alibaba, JD.Com, Netease and others might be in danger of de-listing
https://www.reuters.com/article/us-usa- ... SKBN2BG2AI

Breakout to a new day low with good looking bear bar then it's a downtrend day.

3/24/21
Nasdaq 100 ETF [QQQ] Sees Largest Inflow Ever
https://www.dailyfx.com/forex/market_al ... osses.html

If there will a trend day you know where it is starting. same playbook until it doesn't work.

Bottom is in, 50 day support will be on the news. yeah! the worst is over....

Cash SPX Fib, a closed above 61.8% will be bullish for tomorrow. Peace!

This morning:
The Architecture Billings Index (ABI):
Architecture billings climb into positive territory in February after a year of monthly declines
[This is a leading indicator, because first you hire an architect and get the bill, then you get the permits, then you build, then boom you’re a billionaire]

just after 10am ET, a burst of selling in Treasury ultra-long bond [30 year] futures on massive volume sparked a mini flash crash.

Al_Dente wrote:Same time frame
SPX has the 50% retracement in view
with no positive momentum divergence yet

50% retrace hit
still no pos diverg yet on my watch

30 min
Top panel, pos diverg on volume
Second panel is 1/VIX (green) and OBV (brown)
SPXL panel, pink box is a target from the double top, but don’t trust me on that

Al_Dente wrote:Baidu, Alibaba, JD.Com, Netease and others might be in danger of de-listing
https://www.reuters.com/article/us-usa- ... SKBN2BG2AI

Have a really hard time seeing this fully enacted and materially impacting Chinese companies. Two wrongs don't make a right and this is the wrong tactic in my opinion.

Ratbastrd wrote:

Al_Dente wrote:Baidu, Alibaba, JD.Com, Netease and others might be in danger of de-listing
https://www.reuters.com/article/us-usa- ... SKBN2BG2AI

Have a really hard time seeing this fully enacted and materially impacting Chinese companies. Two wrongs don't make a right and this is the wrong tactic in my opinion.

thanks boss

[Bespoke, 3hours ago]
Over the last 5 trading days, only two sectors are up- Utilities and Consumer Staples. $XLU $XLP

Bespoke yesterday:
"After today, the $QQQs, smallcaps $IWM, midcaps $IWR, and total stock market $VTI are below their 50-DMAs, leaving only the largecap S&P 500 $SPY and Dow 30 $DIA above.
"The last time the Russell 2,000 and the 10-year yield were both down 3 days in a row was June 9-11, 2020, when the Russell fell 11% in 3 days.

Now it might be safe to say the low was in, at least this bull shall have legs.

The beauty of multi-time frames analysis: right where the inraday about to feel good. the good bye kiss on swing sell kicks in. Know thy time frame of a trade. Peace!

SPY 5. Price is all over the previous day's close. Have a good afternoon, Everyone.