02/22/2021 Live Update

[Cobra]

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3 Push Down, so the general pattern would be a rebound then probably a revisit of the low before a bottom can be possible. It'd be 3rd time in a row a gap down is reversed up if today reverses again. Let's see whether the 3rd time is a charm (different this time).

[cletus]

There’s an obvious head and shoulders top forming that points 50 pts lower. I’d say that’s the most likely path? It’s textbook.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Cobra]

It's a morning hourly hollow red.

[Al_Dente]

These 19 Stocks Drove Half The Market's $7.6 Trillion Pandemic Gain since Feb. 19, 2020
Here they are on the DAILY, as of today, using 13 and 20ma

[Cobra]

Lower high, the rebound finally failed?

[Al_Dente]

[Al_Dente]

SLV is filling that Island Gap
four hour chart
(ignore vertical lines)

[Cobra]

Members only update at 12:17 pm
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Cobra]

Double bottom (blue arrows) plus higher low (green arrow) so maybe the low was in for today. Cannot believe for 3 times in a row, the market tries to reverse the morning gap down.

[Al_Dente]

Divergence
At the open SPX printed a lower low
Call buyers did not. Rather they printed a potential double bottom

[Trades w 2 Cats]

from twitter feed,
About 56 buy and sell programs have run so far today.

[BullBear52x]

Daily support right on mid bands. counter trend from upper bands to now should be happy.

[BullBear52x]

Range look, price action is positive but momentum is not there to say bears are done.

[Al_Dente]

“... hedge funds’ affection toward small caps, intact for most of last year, is starting to wane." [bloomberg via zh]
https://cms.zerohedge.com/s3/files/inli ... k=iT_adXbg

[BullBear52x]

Short term swing, first sell the rip under 5 DMA, sellers fail here then I would say bears are done. tomorrow will find out, for now we are entering sell the rip zone.

[BullBear52x]

5 min. ES aligned well with cash SPX, MA resistance zone.

[BullBear52x]

Intraday buy dip coupon, bulls need to see new HH from here or bears will take from here with any failing signal.

[Cobra]

The very first test of EMA20 in nearly 2 hours so probably the pullback will be bought.

[Trades w 2 Cats]

Looking at the slow motion rounded top. Kissed Friday closeing zone and started fading. Assuming they will try to run back through the century level before the close.