02/03/2021 Live Update

[Cobra]

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Consolidation to EMA20, bias is up. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

After study my overall thesis, I choose to fade the high. dead cat bounce above 61.8% is not bearish. it could be choppy the last two day ran up were strong, time to rest or fail to move up all together. Find excuse to sell

[Cobra]

So it's year 2000 once more, only the economy is worse.

80% of IPOs have negative earnings & yet they’ve continued to see very strong returns

[BullBear52x]

always sell the 2x top, breakout is easy to identify, that mean risk is limited on the downside bet.

[BullBear52x]

Simple plan

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

Remember, Bezos will not be around to save this market. no more FREE shipping for PRIME is coming on line.

[Mr. BachNut]

Quick BachNut update:

NYMO cycle may confirm up to day with a positive close.
However, can still be interpreted as a corrective move back to the zero line.

Price is in a tight gap sandwich between SPX 3826.31 and 3849.62.
One or both gaps could close today.

I am flat. Short was closed by Monday's squeeze.
My failure to breakeven stop on runners reduced my take to a nice chicken dinner.

IMO, Mr. Market has not yet convicted itself to a fresh trend so far in 2021.
Maybe it is waiting for something.
It is also possible we may be entering a flat volatile market, the worst kind for me...
Time will tell.

[BullBear52x]

Take half off the table always

[1der]

Remember, Bezos will not be around to save this market. no more FREE shipping for PRIME is coming on line.

WHAT?? Spinning me out so early in the day!!

[BullBear52x]

a little greedy target today at 3785ish

[Trades w 2 Cats]

3813 was called out by FT71 as the first low. If it fails he was looking at 02.

[BullBear52x]

Remember, Bezos will not be around to save this market. no more FREE shipping for PRIME is coming on line.

WHAT?? Spinning me out so early in the day!!

Jeff Bezos is stepping down
CEO and CFO leaving the company at the high time that means the low time is in the horizon.

[Al_Dente]

Bear is at the back door
https://www.youtube.com/watch?v=S0hxXCtmtSE

[BullBear52x]

3813 was called out by FT71 as the first low. If it fails he was looking at 02.

Thanks, will keep an eye out.

[Trades w 2 Cats]

I have pre-market from 3 prognosticators using volume profile, nobody called 3808.But 3830 is an important centering level, so I am looking at overnight low at 3825 as line in the sand for bulls.

Thinking a lot of longer time frame investors are looking at what we are. Bezos getting out at the top and regulators moving in to "help" make markets more fair for hedge funds.

[BullBear52x]

Market trying to be cool, a gap filled and reject is serious, inside day you have to be nimble.

[BullBear52x]

If we gonna get down trend day, this is it.

[BullBear52x]

Last sell today, no new LL bears are not all that strong.