Cobra's Market View

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Testing the previous high, trend day is possible either up or down.

The members only update starts here: http://www.cobrasmarketview.com/2020/06 ... ay-update/

QQQ SELLING < 246.84
SP.1 Sep Fut SELLING < 3144.75
$SPX SELLING < 3155.53
SPY SELLING < 314.38

Note SP Futures in backwardation = DOWN

It's morning hourly filled black bar

Here's the range I'm watching....

My guess is it's a down in the morning then slowly up till the close day, a typical slow bull day.

Bios are doing well today...

Hello Kitty
ATH

I'm still not sure, so far looks like a downtrend day though.

Must be a news, the last red bar was big so should be a rebound first then we'll see.

Cobra wrote:Must be a news, the last red bar was big so should be a rebound first then we'll see.

Usual corona stuff, nothing new, increases in western states. Apple said they'll re-close some stores again.

Hello Mr Miyagi nice to see you again sir.

I have no clue whether to go into the weekend as a bull or a bear..

BullBear52x,
Looks like you are out fishing and missing some fun here
Thanks to Apple to make some sense here!

Bottom rail seemed to catch the fall, will we go sideways for the rest of the day????

The very first test of EMA20 in 2 hours, should attract some sellers, watch for short setup.

3100 the market seems to want this

Testing day low now let's see whether bulls can make a double bottom, 50% chances.

Dow 30. WBA, UNH WMT, of the few in the green. RTX, BA and DIS heading south.