01/29/2019 Live Update

[Cobra]

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in range, rectangle or symmetrical triangle, direction not clear.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/01 ... ay-update/

[JFR]

The market is down from yesterday's high.

[BullBear52x]

My day start with this channel. No direction, ATR = 1 boring.

[BullBear52x]

I am selling @44

[JFR]

Some crazy action. The market is jumping around like a Mexican jumping bean.

[BullBear52x]

good start for me on the south bound train.

[JFR]

YM is out of step with the crowd. Those DOW guys. So slow. Hey, we're heading south. Ha ha

[JFR]

The DOW is leading them higher. It's a roller coaster. Not surprising considering the times. Got some day trades running. Gold. Real estate. The dollar. Back later ...

[BullBear52x]

market wants to go up. over night VWAP gave a good support, I have to rethink my move now. like to see new overnight high taken out strong to be bullish.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[BullBear52x]

buying, hop on a bull train, with 3 handles in the red.

[Trades with cats]

Not my original thoughts and not Elliot Wave. Just used the tool to show two potential paths for today. Certainly Friday's close or Wednesday's lows seem like reasonable targets if the consolidation is done. Not sure we are finished consolidating as market has bad forward guidance and needs to hear how Fed is going to react.

[te_fern]

I agree TWC, seems like we are consolidating. Waiting for month end and the earnings reports this week.

[BullBear52x]

I got stop out on both direction. time to take a break.

[te_fern]

Big board TICKs seems a little over extended. QQQ TIcks seems to be going sideways....

[Trades with cats]

Consolidating at the 60 minute Opening Range low. Was expecting a consolidation at ES 2635 ish the most common price since Jan 17th and also yesterday. If it is going up that is where the buyers are supposed to come in. Maybe.

Yesterday's regular session range was 21 points, today we have chewed through 11.75 already.

[JFR]

From the tablet. Big roller coaster day.

sc (1).png (10.13 KiB) Viewed 2214 times

[BullBear52x]

if market were to cross on a VWAP/MA back and forth like this good luck trading. Oy....

[Trades with cats]

That move needed a waiting market order and the other reason it looks like a buy program to me is the way it stopped cold at the overnight high which is also today's POC. Bigger issue is of course lower high. Waiting for the other shoe to drop.