09/22/2020 Live Update

[Al_Dente]

Not intraday. MEDIUM TERM:
I want to see the green 10 envelope go up (or flatten then move up) before considering it safe to add longs

[Cobra]

Here comes the breakdown now let's see whether the usual part of the bear trap in play or the breakdown is for real. Tinted area is the text book target.

[Al_Dente]

four of the BIG GUYS on 60min

[Al_Dente]

HYG, junk bonds:
Investors pulled more than $1 billion yesterday from the biggest junk-bond ETF, BlackRock's $27.8 billion fund that trades as HYG.
It's the biggest daily withdrawal since February, and one of the bigger ones in the fund's history.

Interestingly, traders also pulled $744 million from LQD, the popular U.S. investment-grade bond ETF, even though some traders had been treating top-rated credit almost as nearly interchangeable with U.S. Treasuries for much of the year.
[Bloomberg]

[Cobra]

Possible higher low, the low might be in for today.

[Cobra]

Members only update at 12:05 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/

[JFR]

ES 5. Open range. Slow train to nowhere. Back later ...

[BullBear52x]

Internals are getting worst by the day, need good news or stimulus package to lift off this market,

[BullBear52x]

what a wasted of a good hammer candle. now we have gap and no go kind of action. not so hot bulls, need to do more. so far morning high is still a morning high. Weak Sauce!

[Cobra]

Testing the previous high but I think bias is up.

[merryme]

Rumors about what Mr. Buffett may be doing are interesting, but looking at what he did last quarter provides some facts, Sold 61.52% of his JPM holdings, Sold out of GS, Bought SYF, among other trades noted here at this link:

https://www.nasdaq.com/market-activity/ ... -inc-54239

[Cobra]

Clear breakout, this bull shall have legs.

[BullBear52x]

Now we are talking. I will buy next dip if still got time.

[BullBear52x]

last sell on this new trend reversal, so bulls will have to show new high in the next 4 to 8 hours.

[JFR]

ES 5. Pulling back sharply from new high.

[daytradingES]

'm not update on my model so I've been winging it.

in any case I think we could have a sell point here. (mulitday)
3286 was/is a key level.

we'v had
3289.50
3291.75
and just recently
3299 @ 13:20

So I think that is done and will sell on this bounce 13:30CT

[BullBear52x]

One day doesn't make a trend like we all know, for me as long as we are under 38.2% of any time frame of a trade, bears are still on a driver seat. for now good start for the bulls but they have to keep on pushing higher from here on out.

[Cobra]

The pullback should be bought which is what this bull shall have legs mean.

[BullBear52x]

10% correction already, it's good and healthy bull market. (is it a bull market?)

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2020/09 ... ay-update/