07/14/2021 Live Update

[Cobra]

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Lower high or double top or not, wait and see.

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

[BullBear52x]

This is too good of a market to go long.
one more push up or done here?

[BullBear52x]

Always sell 2x top, Swing sell setup, bears can not fail here.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/07 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[BullBear52x]

Cash SPX Fib, Auction house, lately testing the bottom is not happening as much, late day rally is still in the card. bears still have to be nimble. a trade under 38.2% will be nice.

[Cobra]

The range low might be in.

[BullBear52x]

LL from here, down trend day is at hand, what a day for bears. a home run? wow.

[BullBear52x]

/ES, 5 DMA will not hold this time. lets go.....

[te_fern]

After a couple of good trades, made a bad decision and now hold some bought before the drop. Waiting....

[te_fern]

Need to wait for your trade setups!! LOL!

[te_fern]

S&P needs to start moving up!!

[BullBear52x]

What will be the news? hummmm

[BullBear52x]

See if bears can make it lower this week, this is the last line of defense for short term bulls.

[BullBear52x]

sitting out, break time, I'll be bakkkk

[Al_Dente]

AMC is the #1 heaviest weighted stock in IWM
AMC’s drop has been dragging IWM down
AMC is down about -53% from its high
IWM is down nearly -7% from its high

[Al_Dente]

INTERNALS

[BullBear52x]

LOD might be in, last sell for today. tomorrow will be a sell day also. Peace!

[Cobra]

Members only update at 12:18 pm
http://www.cobrasmarketview.com/2021/07 ... ay-update/

[Mr. BachNut]

Just a quick update.

NYMO cycle remains down and divergent to price.
NYMO has been weak since mid-June.
So, if price decides to align with NYMO, a move back into the June trading range would not surprise.
Conversely, one decent down day could take NYMO down to the turn zone and offer conditions for strength.
I don't know what will happen.

For the bears, I note that we still have a stranded NYMO benchmark down at SPX 3642.31.
I imagine Mr. Market will need some kind of crisis to take care of that piece of unfinished business.
It has also been a long time since we tested the 200 day MA.
I point all this out simply because a period with negative NYMO like we are seeing with price ticking new highs can be a sign of distribution under the surface.
Let's see what happens in the weeks ahead, but juicy targets are available below.

I remain flat SPX and short R2K.