Cobra's Market View

I’m still eyeing that 38.2% retracement level which is now about 3325; we are very very near that
60min

Chart for the road: No, sky is not falling Daily chart setup, last sell failed next dip will be bought, agreed that there could be more down side but I will pay attention to RSI(5) here before I would say the end is here, hey good start for early bird (bears). trading is all about realizing the turn and move accordingly Have a good weekend. Peace!

51% chances of bear flag.

Bear warning from Coolbiz -

ES/SPX targets are 3245-3200-3145, needs to go below 3303.50 on close basis. If this level is not taken out beware, bull trend can extend higher.

Trades with cats wrote:Yes I saw the return to work videos. Also saw that companies are telling people they can not afford to pay them. Going to be an interesting outcome. I will be waiting for results as I do not think words are enough in these unknown waters.

China allocating $5 T for this 'opportunity'

A trillion here

A trillion there

Pretty soon

Employees work and Markets move

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449377

MrMiyagi wrote:

Heck wrote:From COVID19 Complacency to Concern to Capitulation ?

QEnotQE FOREVER!!! ALL OVER THE PLANET!!

Doubt we get more than a 5%-7% pullback till I'm in a geezer home.

MZM $17.2 T and mounting

https://fred.stlouisfed.org/series/MZM

Perspective
https://www.multpl.com/s-p-500-pe-ratio

WFC Target + 36 %
From 47.1 to 64
+ 4.28 % Dividend