02/22/2019 Live Update

[Cobra]

very 1st test of ema20 in 2+ hours usually would be bought.

[JFR]

KHC and NKE take hit. NKE recovers.

https://www.cnn.com/2019/02/21/investin ... index.html

[JFR]

Zion Williamson had his Nike sneaker basically explode during a game.

[Al_Dente]

Posted 6min ago on zh
“CHINA COMMITS TO BUYING UP TO $1.2 TRILLION IN U.S. GOODS” -CNBC
(zh opines: “they are just making up numbers now”)

[Mr. BachNut]

Mr. B reporting in.

Closed the December open gap target today. That was a big one IMO.
Only 3 up targets left with 5 down gaps (6 if today's doesn't close) below.

The NYMO cycle is down but NYMO remains positive in the strongest breadth thrust ever.
Price is keeping to the upper side of a trend channel, but as I write today's bar is looking bad.

I've got a pink line on the chart marking last February's high, which coincided with the December gap.
Last year either NYMO or price ran into problems above here. So, things should get interesting ahead.

Still long and doing nothing.
I have some short setups starting to tingle, but price needs to turn before they activate.

[Cobra]

if no strong rebound here then it's lower high trend reversal. for now it doesn't look good to bulls.

[Al_Dente]

HAPPY HOUR

[Cobra]

ok, probably just a news, but it's already enough to ruin the uptrend day.

[Cobra]

members only update at 3:50 pm
http://www.cobrasmarketview.com/2019/02 ... ay-update/

[Cobra]

well, guess that's it for today. here's how Monday closed recently. Thank you guys, I'll see you in another thread soon.

before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/tenpp