09/08/2020 Live Update

[Cobra]

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Double bottom or not, wait and see, 50% chances, maybe 51% chances.

[JFR]

ES daily. Down beneath the EMA 20. A serious test for the bulls.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

ES daily. Down beneath the EMA 20. A serious test for the bulls.

2020-09-08_06-27-22.png

Need decisively break the Friday's low otherwise it's simply a double bottom here. We'll know soon upon.

[Cobra]

Testing the Friday's low, let's see if bulls can make a double bottom (slightly lower low is OK) here. Usually big gap down means sharp rebound at open at least to let the 5 min EMA20 to catch up before the next step either further up or resume down.

[JFR]

Dow 30. Two in the green, barely. JNJ and MCD. A sea of red. Led by AAPL, BA and MSFT.

On August 31, 2020, Amgen, Honeywell, and Salesforce.com replaced ExxonMobil, Pfizer, and Raytheon Technologies. -- Wikipedia

[Al_Dente]

Market performance on the Tuesday after Labor Day weekend [which is today]
https://jeffhirsch.tumblr.com/post/6283 ... -labor-day

[JFR]

Overnight/weekend gaps down on ES, NQ, YM and RTY. Not heading back up as of yet.

[MrMiyagi]

NYMO open was -78

nymo

[JFR]

ES daily. Down beneath the EMA 20. A serious test for the bulls.

The attachment 2020-09-08_06-27-22.png is no longer available

Need decisively break the Friday's low otherwise it's simply a double bottom here. We'll know soon upon.

Yup. Friday's low. Key time. But the bulls do not give up easily.

[jademann]

Some people use the VIX 20 and VIX 50 crossing to switch between bull and bear:

https://stockcharts.com/h-sc/ui?s=%24VI ... 0599455137

[Cobra]

So far it's a typical break down then sharp reversal. Let's see whether bulls can push to EMA20 which if they can then bears would be half dead today.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[JFR]

In the early going, the judges have the bears slightly ahead. NQ trying to move up. Heavyweight boxing match. Ha ha

Back later, got some stuff to do ...

[Al_Dente]

THE BIG FIVE plus tsla

[Al_Dente]

One day HEAT
Friday we had financials in the green... not today

[Al_Dente]

.... corrected

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[Cobra]

Maybe a triangle or descending triangle here, bias is just a little bit down.

[Al_Dente]

The call buyers are on higher lows, but they are not very exhuberant yet
They are in "wait and see" mode (aka: "prove it to me")