Cobra's Market View

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No idea up or down from here. Possible trend day either up or down.

The members only update starts here: http://www.cobrasmarketview.com/2020/07 ... ay-update/

Two/Three ISEE Indices = DOWN DOWN

Long Opening Index Undervalued PUTS Twice calls = DOWN DOWN

QQQ SELLING < 261.50 edit

JNJ Target - 16 %
From 150.67 to 126.42
- 2.6 % Dividend

SPYV Target = - 67 %
From 30.14 to 10
- 2.7 % Dividend Yield

SPYG Target + 75 %
From 46.87 to 82
+ 1.1 % Dividend Yield

US Economy Shrank at Fastest Pace Ever in 2nd Quarter, and Early Signs of Recovery Are Dimming

Back under the line I posted this chart yesterday, this time is different.

ES 3rd time hanging on the bottom channel. this time will not hold I don't think.

ES, losing 3190 support will be a big milestone for da bears.

Break the day low with strong bear bar then it could be a downtrend day today. Already feels like a downtrend day now.

Probably will test the EMA20, from there we'll see what the next is.

The new LL will be where I will pay the most attention to, the breakdown behavior very important if June 15th low will be the destination or not, for now it's just another consolidation day. (bullish consolidation phase)

ES, sell day, sell the top channel or chase it down on a new entry.

BIG FIVE
the last 8 days

Last sell for me.

out side day but acting like a range day, take 5 handles and kick back....

Bulls are relentless, too much resistance for them today, will see.

TRIN bull trap just like yesterday.

Guess bears are over again for today. It's just a range day. Now seeking range high.

price action are expecting a good result from Tech? well TRIN doesn't think so, I will keep selling the high today.

Taking 5 handles along, risk management part.