Cobra's Market View

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Double top or not, wait and see. My feeling is up. Possible trend day if up, possible range day if down.

The members only update starts here: http://www.cobrasmarketview.com/2020/09 ... ay-update/

ES daily. Up from the low of the previous day. At support.

Dow 30 to open the day. AAPL leading. AMGN trailing.

Market wants up this morning. Hmmmm, buying this morning to see how far bulls wants to push this.

sell the rip setup on 5 min. reverse to sell now.

ES, bulls need this MA support or I will hit a home run again today.

was quick one there, half off the table, same playbook.

It's morning hourly filled black bar

I want to buy this morning but look at this ES 5min. chart all night RSI never hit 70, weak sauce! will see if the MA support will hold.

The pullback should be bought but it also means today might be just a range day.

Cash SPX, Pull back will be really bad, a failed break from yesterday's range will send it back to the bottom. no failure allow for bulls.

ES 5 minutes. At resistance.

ES 5 min. Testing up above the trendline.

10:30
Here is Fed Chair Powell's prepared testimony: Coronavirus Aid, Relief, and Economic Security Act
https://www.federalreserve.gov/newseven ... 00922a.htm

Testing day high, now let's see whether bears can make a double top here. Breakout with strong bull bar then it could be an uptrend day.

ES 5. Back down to the pivot. Taking a break ...

RUMOR that he is selling some of his 980.6 million share position in Apple.
RUMOR [streetinsider.com]

Break the day low then it'd be double top. Generally it'll break but usually the break is a bear trap, it's just a range day, let's see.