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No idea up or down from here. Looks missing a test of the line below first. Possible range day.

Members only update starts here: http://www.cobrasmarketview.com/2020/07 ... ay-update/

EDV Target + 27 % edit
From 173.13 to 219
+ 1.9 % Zero Coupon Treasury Yield

QQQ SELLING < 260.39 edit

SP.1Sep Fut SELLING < 3,229.25 edit

SLV Target + 103 %
From 22.51 to 45.65

Debts, Deficits, Downgrades and Defaults

Sell first ask question later.

ES, Bulls need to pass this kiss good-buy zone before going bullish

Cash SPX, first sell the rip under 5 DMA., will see if bull can just broke the bears' back at first shot.

According to The Motley, there are plenty of Robinhood-ers using VIX products "to avoid the pain of a crash."
The most popular is UVXY [1.5x] with more than 16,000 investors counting it among their holdings.
VXX weighs in with almost 5,400 investors,
and another 3,400 own VIXY.
https://www.fool.com/investing/2020/07/ ... crash.aspx

Break to the new day high in the next several bars then it'd be an uptrend day, key time.

Moral hazard is that the GDP is dropping 35%, what will the Fed do this time to get out of this mess? print way more, kill the dollar to under 90, under 85 will not be good for US savers. hyper-inflation ticking time bomb.

GOLD and Bitcoin will sky rock if USD gone under 90s

BASEBALL JUST OPENED THREE DAYS AGO:
"Just three days into the MLB's shortened 2020 season, the Miami Marlins confirmed on Monday that 14 players and staff have tested positive for the coronavirus, forcing the cancellation of the team's first home game."

Am i only seeing this or we all see that large topping patern that is under construction right now ? If all go ok for the bears in september we will revist march values on majors

Not confirmed uptrend yet, break to the new day high in the next couple of bars with strong bull bar, then it's an uptrend day.

The truth about day trade, can you nail top or bottom? if so, bulls or bears no matters, one thing for sure, there will be a day Hi and day Lo

Cash SPX Fib, still looking at Friday's fib, too early to have new one draw, will see, bears could have more fun today. not likely but something to lookout to if we got back inside Friday's range.

consider today is range day, so...3-5 handles will be good first half off the table. let the house's money works for you

BullBear52x wrote:Moral hazard is that the GDP is dropping 35%, what will the Fed do this time to get out of this mess? print way more, kill the dollar to under 90, under 85 will not be good for US savers. hyper-inflation ticking time bomb.

BB52 - what do you say, do trendlines apply to the USDindex ? If so one should expect a reaction soon.
I am also inclined to sell my gold holdings and buy back later. Hesitant because I timed it wrong the last time.

for long term, look at this UUP chart, the dollar is oversold, but in a long term down trend. Fed meeting this week, they have to either support the dollar now or let it tanks. my thinking is save the dollar now (sell gold), let SPX falls to 2500 then we can have stable market for a little longer. just my opinion the market always right