11/07/2020 Weekend Update

[Cobra]

Up 1 week, the next week has 78% chances to make a higher high so bulls should be fine holding the position over the weekend.

[Al_Dente]

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[JFR]

SPY daily. A doji candlestick to end the week --> indecision. Price is halfway between the EMA 20 and the high from early September. Very strong move up on Tuesday, Wednesday and Thursday.

[BullTart]

pugsma with the video update... small to minor pullback in the cards then up up and away to 3900-4000 we go

https://pugsma.com/2020/11/06/november- ... eo-update/

[BullBear52x]

From "It is what it is department" Bull Flag? at top of down channel? one thing for sure market is in trading range, range bound market, or in a bullish consolidation phase. I am trend follower, when market is going sideways trend follower should sit back or trade in different time frames. Key focus Buy Lo / sell Hi on side ways market.

Channeling: for this trading method buy and sell at the top or bottom of channel, on a sell now.

1-2-3 Trend reversal: wait and see on this method, LL will trigger the sell.

Range bound trade (my fav): Buy Lo/ Sell Hi inside range using RSI as a guide for entry/exit.

short term overbought also suggest we may have a pull back first before another ramp up. buyers should take caution the counter trend short seller will find excuse to sell around here.

Short term trend is UP, dips will be bought as long as we are trade above 5 DMA. I am expect a pull back next week based on a short term overbought conditions, we are in range of buy Lo/Sell Hi until it breakout either side, that is the method I will stick with, Pick your favorite method and go with it. Trade well, Peace!

[Cobra]

$AAII shows retailers remain bullish.

[QED]

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This time it is different!

http://schrts.co/rVUZCAdX

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[JFR]

ES daily. The market exploded upwards this morning about 2 hours ago. It shot right past the high from September.