Cobra's Market View

I got stop out.
Chart for the road: Honey hole zone, I called it good today will try again tomorrow. 2021 no time to waste. Peace!

See yesterday MA? good clean chart I like to trade, today got the sine wave I don't like. have fun and good luck all.

GS chief economist Jan Hatzius thinks that with control of the House, Senate, and White House, Democrats are expected to pass further fiscal stimulus totaling about $750bn. This would include $300bn for additional stimulus payments, $200bn for fiscal aid to state and local governments, $150bn to extend both broader eligibility for unemployment benefits and a top-up at an amount that gradually fades overtime, and $100bn in other spending.
...expects that the bill will pass mid-February to mid-March and that the payments would occur quickly after passage.
... That said, while disposable income will grow impressively in Q1, substantially exceeding the 2020 Q2 CARES Act high, Hatzius expects the impact on consumer spending to be much less front-loaded than usual because of the virus situation...
[caveat: Goldman advice is always grain-of-salt]

Trying to scalp these tight little ranges is not easy money! We did get a decent looking lower low but that last lower high didn't lead to anything. The two strong reversals off of 3789 says buying power to me. So cautious for now.

Pasata Boss, thanks for that. Confirms the main stream narrative. Confirms rational for walking away from tech and into small caps currently being pushed by main stream.

Scroll down to 20 hours ago to see a 7 minute report inside the capitol from the UK point of view, which we didn’t see in our local coverage
“Here’s @robertmooreitv's incredible report from @itvnews in the UK “
https://twitter.com/carlnasman

Well, guess that's it for today, here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449397