06/30/2021 Live Update

[JFR]

SPY 5. In a tight range.

[Cobra]

Members only update at 12:45 pm
http://www.cobrasmarketview.com/2021/06 ... ay-update/

[Cobra]

I'll have to go outside, not sure when'll be back so maybe it's my last update of the day. It's a boring day anyway. Now it may try to test the day high which could be the range high.

[Al_Dente]

MONTHLY
Monthly closing candle is a bull candle (unless there’s a drastic move at the close)
Top panel: Price is way too far above the monthly MA and must pullback sometime, although it hasn’t done so in 7+ months
MEDIUM TERM: bottom panel: I’m using the STO below 80 as a medium-term sell signal (red arrow).
LONG TERM: Note the blaring siren on the bottom panel (when the STO moved below 50) which called the BIG RED ONES in 2000 and 2008

[Al_Dente]

Compare the MONTHLY candles on smalls IWM
four months of doji candles … the last high was March
higher lows on indecision

[Al_Dente]

Note IPO
DIDI

[Al_Dente]

EARLIER NEWS:
Robinhood to pay $70 million in ransom, pardon, settlement with FINRA
and now it can go public..... soon

[BullBear52x]

Come, 10 more handles, not that much to ask

[JFR]

SPY 5. Testing down. On a lazy summer day. Getting squeezed by the EMA 20 and the support line.

[Al_Dente]

X:
I just replied
THANKS

[Al_Dente]

FOUR HORSEMEN update
Oil is strongest
Juiced UCO is a smoother ride and a better performer compared to juiced ERX, but volume is lower on UCO

USO (straight oil, no juice) 5.5 million shares average volume
UCO (3x USO) 931k shares average volume
XLE (straight oil stocks, no juice) 28 million shares average volume
ERX (3x XLE) 3.8 million average volume

[BullBear52x]

[Trades w 2 Cats]

Not done yet. Cannot think they would not juice it to 4,300 for all those quarterly passive fund statements.