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12/20/2019 Live Update

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Cobra
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12/20/2019 Live Update

Post by Cobra »

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Strong bull bars so probably bias is up.
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Cobra
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Re: 12/20/2019 Live Update

Post by Cobra »

The members only update starts here: http://www.cobrasmarketview.com/2019/12 ... ay-update/

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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

ES daily. Moving on up. Well above the EMA 20.

2019-12-20_0624.png
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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

ES five minutes. Nice move up 90 minutes ago. Took me out.

2019-12-20_0625.png
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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

SP500, 4 hours from Autochartist. Channel Up.

2019-12-20_0623.png
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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

Overnight gap up on ES, NQ, YM and RTY.

2019-12-20_0631.png
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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

Dow 30. MRK leading the parade. NKE, long underwear falling behind. Ha ha

2019-12-20_0636.png
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JFR
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Re: 12/20/2019 Live Update

Post by JFR »

Dow stocks, one minute charts. MRK and PFE, drug purveyors, doing well. Back later ...

2019-12-20_0641.png
Last edited by JFR on Fri Dec 20, 2019 10:59 am, edited 1 time in total.
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Al_Dente
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Re: 12/20/2019 Live Update

Post by Al_Dente »

Recall that Cobra's mm (measured move) target was 3208.
TARGET MET and then some :shock:
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Re: 12/20/2019 Live Update

Post by Trades with cats »

Have not seen an "official" reason for the 10 point rocket around 8 AM Eastern time this morning. I am calling it Quad Witch. I think it is important that it stopped cold as the high volume regular hours market opened.
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Re: 12/20/2019 Live Update

Post by Trades with cats »

Al_Dente wrote:Recall that Cobra's mm (measured move) target was 3208.
TARGET MET and then some :shock:
Coolbiz this morning piling on for that level
"ES price action is strong & is extending higher. As long as it hold 3208.50 it may continue higher.This implies SPX Wave correction was likely over yesterday & now in a Wave (v) must stay above 3191.18. Overall bull trend continues, micro manage is a tough call needs adjustments"
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Re: 12/20/2019 Live Update

Post by Trades with cats »

from the evil site
It's quad-witch (options expiration) day and that means "malarkey" in the markets.
They note VIX got smashed down to 11 before the regular open. So yea, options gamma games.
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Cobra
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Re: 12/20/2019 Live Update

Post by Cobra »

The members only update at 10:10 am
http://www.cobrasmarketview.com/2019/12 ... ay-update/

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Re: 12/20/2019 Live Update

Post by Trades with cats »

Bounce failed working on a sloppy double top or defining a range. We will find out soon.
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Al_Dente
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Re: 12/20/2019 Live Update

Post by Al_Dente »

"SPY went ex-dividend Friday, December 20th, 2019 with a dividend of $1.57 per share."
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Mr. BachNut
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Re: 12/20/2019 Live Update

Post by Mr. BachNut »

The NYMO up cycle continues.
A corrective move to the zero line in the days ahead would not surprise, but things are very strong.

Price is now well above the upper keltner band.
Closes above the keltner band are virtually always given up eventually, but the power move can continue for quite a ways (or not).
We now have 17 open down gaps, a record. Futures and options markets now determine the value of 500 companies... :roll:
The next correction is going to be like a game of Pac-Man on this chart.

My broadening top idea is looking pretty flaky at this point.
Getting trampled by stampeding bulls. :lol:
Nonetheless, the December low is very important.

I am still long small stub runner positions.
My discretionary paring back the runner positions by half last week is looking like an unforced error and likely to be recorded as leakage when all is done.
My year is pretty much over at this point. Avoiding new positions and resting is the mode for me. So, this is likely last post until the new year.

Merry Christmas and Happy Holidays to all. :D

P.S. Next year is going to be amazing to trade!
NYMO 122019.jpg
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Re: 12/20/2019 Live Update

Post by Trades with cats »

Mr. BachNut wrote: P.S. Next year is going to be amazing to trade!
Could not agree more! Looking forward to your incites in the new year.
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Re: 12/20/2019 Live Update

Post by Trades with cats »

ES 03-20 (2000 Tick) 2019_12_20 (8_31_50 AM).png
Order book is heavy on standing sell orders, as you would expect. Figuring Cobra will announce a range day eventually unless we get a low volume sell off first. Assuming the up is done for now.
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Re: 12/20/2019 Live Update

Post by Trades with cats »

ES 03-20 (2000 Tick Volumetric) 2019_12_20 (8_38_01 AM).png
Volumetric view shows where the action was inside the bars.
Edit- Should point out the very bottom box is delta per bar and the one below is cumulative delta since regular open. So with delta in the red for the day I am not expecting higher highs.
Last edited by Trades with cats on Fri Dec 20, 2019 11:44 am, edited 1 time in total.
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Cobra
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Re: 12/20/2019 Live Update

Post by Cobra »

Breakout in the next few bars with strong bull bar then it's an uptrend day although I don't expect big ups.
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