10/30/2020 Live Update

[JFR]

SPY 5. Now she is moving. OK, now I will tear myself away from this keyboard. But will probably check in on a tablet. Have a good one.

[Cobra]

Broke the yesterday's low if no sharp rebound in the next couple of bars then it's a downtrend day.

[BullBear52x]

Welcome to Bear market territory.

[BullBear52x]

day trade bears, we are in a greed kills zone

[BullBear52x]

It's Friday!!! Don't ruined it (note to self)

[Ed02]

MM seems working hard this morning to reach the target area...

[Ed02]

INDU barely stops at MA200... Now it is the gambling time... Will it reverse up from here, or it will break below it soon? Maybe MM will leave the answer for people to contemplate over the weekend

[Cobra]

Welcome to Bear market territory.

I'll still use MA200, only below MA200 then it's a bear market.

[Cobra]

Break to the day low with strong bear bar in the next couple of bars then it's a downtrend day. For now, at least, since no touch of EMA20 for 2 hours now so the very first touch of EMA20 usually would be sold.

[Al_Dente]

Just after 11am:
* FED LOWERS MINIMUM LOAN IN MAIN ST PROGRAM TO $100K FROM $250K
• *FED: PPP LOANS OF UP TO $2M CAN BE EXCLUDED FROM BORROWER DEBT
• *FED: MAIN ST. TO DATE HAS MADE ALMOST 400 LOANS TOTALING $3.7B

This is what the Fed announced:
• the minimum loan size for three Main Street facilities available to for-profit and non-profit borrowers has been reduced from $250,000 to $100,000 and the fees have been adjusted to encourage the provision of these smaller loans.
• The Board and Department of the Treasury also issued a new frequently asked question clarifying that Paycheck Protection Program loans of up to $2 million may be excluded for purposes of determining the maximum loan size under the Main Street Lending Program, if certain requirements are met, which should also help smaller businesses access Main Street loans.

[BullBear52x]

Chart for the road: Market is resuming the down trend, We have the gap down that is resuming down trend gap, very bearish. Cash SPX 3330-3333 is needed for bulls to regain the upper trend. for now down is the direction, Rips will be sold until then or deeper correction, recent low on mid Sept will not hold. wave guys will agreed best count will be a FLAT with LL before heading back up or down she goes. it is what it is.....Peace!

[Al_Dente]

Bounce is a dead-cat until further proof ...
https://www.youtube.com/watch?v=Mk7CNHHIuH4

[Cobra]

The EMA short setup may have to wait as I see a possible higher low, the rebound might have some rooms even there're some chances the RANGE low was in for today.

[Ed02]

Could indeed be another boring small down day. Before the green cycled area is tested at least once later today or next few days, Bears won't give up...

Almost reached the green cycled area but MM seems trying to build a higher low (double-bottom) pattern, that could last the end of the day. Likely NYA will hover around 12400 area until closing. Indeed a small down day then...

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Al_Dente]

.....

[Al_Dente]

green shoots

[jaijailyc]

AAPL is in a bear market, now down roughly 22% from its september high

Didn't it get a little lower back in late September 21-23 area ?

[Al_Dente]

AAPL is in a bear market, now down roughly 22% from its september high

Didn't it get a little lower back in late September 21-23 area ?

yes
TWTR is also in a bear market
[AAPL is in a bear market, now down roughly 22% from its september high]

[Cobra]

Back to the range low. We probably stuck in the range bounded by blue lines until near the close.