08/27/2020 Live Update

[Cobra]

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Pullback overnight then strong breakout, looking good for now. Trend day possible either up or down.

[BullBear52x]

Today is a Honey hole special, think day trade. sell now

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/08 ... ay-update/

[BullBear52x]

profit taking for bears, looks for bullish support on MA moving target.

[BullBear52x]

easy day for bears, half off and kick back.

[Heck]

easy day for bears, half off and kick back.

Nice trades BB52

[BullBear52x]

give me a head start of >20+ points, I'll be in a bear camp on my week off next week.

[Heck]

Real market continues DOWN
https://stockcharts.com/freecharts/gallery.html?SPY:SLV

[BullBear52x]

If I don't get stop out, you know who nailed the TOP Haha

[BullBear52x]

Fearful market.

[BullBear52x]

If"the big IF" a failed breakout will be fast trade to the lower range.

[BullBear52x]

The other half lot got stop out, I am sitting out waiting for new sell setup, keep doing it until the ink dry.

[ccash04]

Interestingly, put prices not going down much even as prices rise, this looks to be the set-up for a huge rug pull given internals and option pricing.

[BullBear52x]

Sell again here and see if the MA will hold a support or not.

[BullBear52x]

Right or wrong take half off at MA support and kick back.

Coffee break.

[BullBear52x]

for today's target, just a remider.

[Cobra]

Members only update at 10:12 am
http://www.cobrasmarketview.com/2020/08 ... ay-update/

[ccash04]

Short short short.

[Al_Dente]

options traders buying puts

[Al_Dente]

Powell said, the economy has evolved in a way that allows the Fed to keep rates much lower than it otherwise would without igniting price pressures.
“The economy is always evolving,” Powell said. “Our revised statement reflects our appreciation for the benefits of a strong labor market, particularly for many in low- and moderate-income communities and that a robust job market can be sustained without causing an unwelcome increase in inflation.”
https://apnews.com/507c21034e441490006e877b080d9584