11/05/2020 Live Update

[Cobra]

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No idea up or down from here. Could be an uptrend day if up but need some imaginations. If down, just think it'd be a range day at the best for bears.

[BullBear52x]

Other than day trade, ES = HH and HL is clear. day trade I am still on the bear camp, will see, bears will fight to get back inside yesterday's range that will be good enough today.

[JFR]

ES daily. Moving on up. Well above the EMA 20. Eyes on the top.

[BullBear52x]

same playbook on my buy and sell, I am on the second sell already will see what today unfold.

[JFR]

Dow 30. A sea of green. Led by MRK. Trailing is MMM.

[BullBear52x]

Cash SPX Fib, simple stuff, it is what it is

[BullBear52x]

For swing traders, whoever bought on Friday, it's time to write the book

[BullBear52x]

another sell, this is sell the rips looks like

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2020/11 ... ay-update/

[JFR]

CAT doing well today. Gotta go. Will check in later ...

[BullBear52x]

Yesterday it was 20 handles squeeze, intraday bears came out unscratched. Today they might pull 10ish squeeze. bulls will take profit at some point, think day trade. or Chase it up then wish you were out later.

[BullBear52x]

Very scary, 20 handles squeeze.

[BullBear52x]

No mater what, respect the MA support coming up.

[Cobra]

The pullback is on time. If bulls can break to the new day high with strong bull bar in the next couple of bars then it'd be an uptrend day.

[BullBear52x]

The problem on an up day, the buyers will have to keep pumping or the counter trend will simply kick back

[BullBear52x]

Reading time

[Al_Dente]

Semiconductors
SMH, $SOX
ATH

[Al_Dente]

Health
XLV
ATH

[Al_Dente]

Materials
XLB
ATH

[Al_Dente]

Junk Bonds
HYG
ATH