Cobra's Market View

ES 03-20 (2000 Tick) 2020_02_19 (8_32_46 AM).png This is looking like a Wile Coyote market running on air waiting for a drop. All those extra chart lines (which I have a love hate thing with) are showing me that the bulls can not move 1.618 ATRs above the EMA when half an hour ago they made a reaso...

http://maximum-pain.com/options/ES
That is why we are stuck here until the open on Friday and realistically Monday.

I am a coward, not wanting to short into support at VWAP and the overnight high.

Pullback to support, too early to say the move on ES 3390 is over. Looking for a double top or a breakout, not a one try and give up because all the liquidity is sitting above 90.

From the tick chart view 2nd leg down. Now we are getting serious on that dive to 3350 ES.

They were saying on Twitter last week that 3350 strike price was the probable base, or low for this expiration cycle. if 3360 breaks it could be tested. Would be bonus time at Goldman and the other market makers as the record calls go to zero value.

Makes it clear where the big boys were stepping in on both sides.

Looks like a successful test of the overnight low. But VWAP sitting there at a significant options strike price at 70 could stop the upside.

Today's twitter poll was how long can Apple and Boeing keep going with no product to sell?

from this weekend.

Wow, that worked out a lot faster than I expected.

ES 03-20 (60 Minute) 2020_02_17 (1_40_53 PM).png This is a 60 minute combo for fun. Coolbiz current count looking for a significant pullback. From twitter it was pointed out we seem to be pulling back after new all time highs, so I put some graphic representation of that. Looks like around 22 point...

SPY day and night.png This is a bit of a mind blower. Makes a clear case for trading futures, because you can buy at the Globex open in the evening and get out before the US open, or if you prefer bail with the Europeans late morning. In any event great conversation piece for a cocktail party. Or i...

Once again (broken record time) it is the 5's and 0's that bring out the reversals and the large standing orders with a week to go before monthly expiration. It has to be because so near the top big traders are buying puts. Going to spend some time this weekend to find a good options chain free char...

Strange day for sure! Should have known my good looking channel would fail when things got interesting.

After Washington's birthday on Monday next up is Good Friday April 10.

BullBear52x wrote:closed right here or lower, bears got more than 50% chance of trade lower on Monday. The IF, the day still young.

I think you meant to say Tuesday.

ES 03-20 (2000 Tick) 2020_02_14 (9_00_34 AM).png Look at the order book/Depth of Market/sitting orders thingy on the right. Note the defense of 3380 and you understand my attitude towards the options market makers. The Fed injects billions by reliving them of treasuries and they put the cash to goo...

The stick save at 3370 ES, with 3380 being the regular session high. Gee I wonder where the options effect is today.

bubbles last 40 years.jpg From Harknett at B of A. Making the rounds on the internet. Very aware that Pasta Boss does not think much of him, although he did have his moment a year ago. And this is talking about air B&B, Uber etc, the tech start ups designed to get around local laws and regulati...