Cobra's Market View

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Small double bottom, not sure whether it's enough to make a bottom, say 40% chances.

ES daily. Finding some support at the trendline. Well below the EMA 20.

Members only update starts here: http://www.cobrasmarketview.com/2020/02 ... ay-update/

ES 5. In a base, bound by trendlines and the EMA 20. Waiting for the breakout.

CNN Fear Porn 24 edit with 76 points upside = UP

Two/Three ISEE Indices = UP

VIX BB Overbought = UP

SP.1 Mar Futures BUYING Above 3,117.25 edit = UP

$SPX BUYING Above 3,118.77 edit = UP

SPY BUYING Above 311.69 edit = UP

Trading Market Setup = UP
https://stockcharts.com/public/1684859/ ... /533449494

And away we go

CNBC "Markets in Turmoil"

People shaking their heads

Pessimism Palpable

edit 1/1.32 % $TNX = 76 PE

BULLYA

https://www.youtube.com/watch?v=1lWJXDG2i0A

From MarketWatch

https://www.marketwatch.com/story/gold- ... od=markets

Inside day and range bound market.

under here selling to continue

All is quiet. Everybody is waiting and watching. ES 5 testing down a little bit.

Overnight gap up on ES, NQ, YM and RTY. 1 minute. RTY filled the gap.

ES 5. There's a move down to a support level.

ES, NQ, YM and RTY all fill the overnight gap. RTY pushing down hard. 1 minute charts.

Dow 30. Rise and fall about even. HD and MSFT leading. AXP and CVX trailing.

Got some stuff to do. Back later.

It's morning hourly filled black bar

1 positive P&L scalp + 1 negative P&L scalp = 1 small cup of coffee. The market is moving pretty fast both ways...

It's not going to last in this area, should breakout today. sell.

3200 is major support, but it needs to pass overnight low of 3214 first.

This is cool part about taking your first 5 handle and let the other half run, especially a volatile market like to day, just kick back and watch the reaction on the major support/resistance line. very over sold now, but no bottom to call to yet.

Still hard to say whether it's a downtrend day but this bear shall have legs.