07/07/2021 Live Update

[Cobra]

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Lower high or not, wait and see.

Gap up within the yesterday's range so likely just a range day.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2021/07 ... ay-update/

[Al_Dente]

Daily
IWM is testing its June bottom… potential double bottom
If it breaks that, it will confirm the “Big M” pattern
http://thepatternsite.com/bigm.html

[Cobra]

The last chance to make a downtrend day here. I think the range low might be in, now seeking the range high, probably won't be the day high anymore though.

[Al_Dente]

AMC was down another 10% today (now trying to dead cat bounce)
AMC is the #1 holding in IWM

[Al_Dente]

AAPL testing potential double top

[Al_Dente]

Note: NEGG

[te_fern]

Caught a little bit of this bounce, would like a pullback to reenter....

[Cobra]

Members only update at 12:20 pm
http://www.cobrasmarketview.com/2021/07 ... ay-update/

[Al_Dente]

5min
TNA (3x smalls) vs AMC (the #1 weight in smalls)

[te_fern]

Getting the pullback in the QQQs, will it bounce at VWAP???

[te_fern]

Nope...

[BullBear52x]

Fearful market, see $VIX and $VVIX. I got more caution signals if not out right selling

[JFR]

Dow 30. About even between the greens and the reds.

[JFR]

Leaders and laggards on the Dow.

[BullBear52x]

FEAR! Overnight trade will be a tell. a big gap down happen during this time or at best sideways to down.

[JFR]

A couple of moves on SPY.

[BullBear52x]

Auction house, a failed breakout this morning I thought it will shut this market down but now we got a Cup and Handle. I am not bullish per my internals signals, bears need to see lower closed as far as price action is concerned.

[JFR]

SPY 5. In a range.

[BullBear52x]

Intraday, 4336 is the take down line.