12/15/2020 Live Update

[Cobra]

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No idea up or down from here. Another day of selling the morning up? Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

It's the morning hourly filled black bar.

[Cobra]

The pullback probably means it's just a range day.

[Cobra]

Only by then we know it's a double bottom, the range low was in.

[te_fern]

The little pop up got stopped by the resistance line....

[Cobra]

Members only update at 12:14 pm
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[te_fern]

Can we get a new high for the day? Just sold my scalp though.....

[Al_Dente]

SPX red four in a row. Hadn't gone 5 since February. Now today green so far
Note the SPY volume. Bears had a red chance but weren’t very serious about it
Daily

[Cobra]

Volume surge, widest bull bar so should be a pullback here first which likely would be bought later.

[te_fern]

Longs be careful, we might have it the high for the day.....

[JFR]

ES daily. Strong bounce off the EMA 20. Looking up at the high from last Wednesday.

[JFR]

SPY 5. Catching its breath, at the top, after a long run up the hill.

[Al_Dente]

Q: What does “equity barbell strategy” mean?
(serious question)

[Al_Dente]

We all know December is the most bullish month of the year, up 74% of the time -  but the last 10 days of the month are most bullish...
However, BAC notes that cash levels have dropped to 4.0% triggering the BofA FMS Cash Rule
"sell signal", which has a back-tested 1-month S&P500 return = -3.2%. [that's down -3.2%]
The last time that sell signal was triggered was in February 2020.
BAC: be cautious ... "we say sell the vaccine 1Q21….”

[te_fern]

Can't post the chart, but it broke through the resistance line and, I agree with JFR, looks to be heading back to Wednesday's high....

[Al_Dente]

It is reported that Santa will be delivering Christmas presents around the world on Christmas Eve.
He will be masked and will be practicing social distancing.
Children are urged to go to bed early on Christmas Eve, and quit fuking around.
[CNBC]

[te_fern]

Monday's high may give some resistance....

[Cobra]

Usually the very first pullback to EMA20 is buy, watch for EMA buy setup.