02/25/2020 Live Update

[Cobra]

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Small double bottom, not sure whether it's enough to make a bottom, say 40% chances.

[JFR]

ES daily. Finding some support at the trendline. Well below the EMA 20.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/02 ... ay-update/

[JFR]

ES 5. In a base, bound by trendlines and the EMA 20. Waiting for the breakout.

[Heck]

CNN Fear Porn 24 edit with 76 points upside = UP

Two/Three ISEE Indices = UP

VIX BB Overbought = UP

SP.1 Mar Futures BUYING Above 3,117.25 edit = UP

$SPX BUYING Above 3,118.77 edit = UP

SPY BUYING Above 311.69 edit = UP

Trading Market Setup = UP
https://stockcharts.com/public/1684859/ ... /533449494

And away we go

CNBC "Markets in Turmoil"

People shaking their heads

Pessimism Palpable

edit 1/1.32 % $TNX = 76 PE

BULLYA

https://www.youtube.com/watch?v=1lWJXDG2i0A

[JFR]

From MarketWatch

https://www.marketwatch.com/story/gold- ... od=markets

[BullBear52x]

Inside day and range bound market.

[BullBear52x]

under here selling to continue

[JFR]

All is quiet. Everybody is waiting and watching. ES 5 testing down a little bit.

[JFR]

Overnight gap up on ES, NQ, YM and RTY. 1 minute. RTY filled the gap.

[JFR]

ES 5. There's a move down to a support level.

[JFR]

ES, NQ, YM and RTY all fill the overnight gap. RTY pushing down hard. 1 minute charts.

[JFR]

Dow 30. Rise and fall about even. HD and MSFT leading. AXP and CVX trailing.

Got some stuff to do. Back later.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2020/02 ... ay-update/

[Cobra]

It's morning hourly filled black bar

[te_fern]

1 positive P&L scalp + 1 negative P&L scalp = 1 small cup of coffee. The market is moving pretty fast both ways...

[BullBear52x]

It's not going to last in this area, should breakout today. sell.

[BullBear52x]

3200 is major support, but it needs to pass overnight low of 3214 first.

[BullBear52x]

This is cool part about taking your first 5 handle and let the other half run, especially a volatile market like to day, just kick back and watch the reaction on the major support/resistance line. very over sold now, but no bottom to call to yet.

[Cobra]

Still hard to say whether it's a downtrend day but this bear shall have legs.