07/14/2020 Live Update

[Cobra]

Testing the day high for the 3rd time. Need a couple of bars of consolidation before the breakout can be successful. Breakout now might not hold.

[Al_Dente]

Jamie Dimon, CEO of JPM:
In 1Q we expected a sharp downturn followed by a rapid recovery. Now we expect something "much more protracted."
"This is not a normal recession. The recessionary part of this you’re going to see down the road."

JPM set aside $10.5 billion to cover future bad loans, a record.

[Cobra]

Members only update at 3:25 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Cobra]

Maybe another breakout is possible.

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2020/07 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381

[JFR]

SPY 5. Up. Up. And up. Finishes up 4.08 for the day. Hopeful investors are All-In like there's no tomorrow.