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01/23/2020 Live Update

01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 10:25 am

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Double bottom or not, wait and see, 50% chances.
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 10:27 am

ES daily. Another tiny pullback from the top. Well above the EMA 20.


2020-01-23_0626.png
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 10:28 am

ES 5. A two-legged move down in the last two hours.


2020-01-23_0627.png
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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 10:28 am

The members only update starts here: http://www.cobrasmarketview.com/2020/01 ... ay-update/

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Re: 01/23/2020 Live Update

Postby Heck » Thu Jan 23, 2020 10:29 am

All Three C/P Option Sentiment Indicators= DOWN DOWN DOWN
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 10:30 am

continue selling.
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 10:34 am

down target 304.5 hit, next weakness will look to 3285.5
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 10:46 am

ES, NQ, YM and RTY. Overnight gap down, and now moving down. Are the bears serious? Any big buyers left out there? A huge pullback will happen sometime. Exact time unknown.


2020-01-23_0644.png
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 10:49 am

Dow 30. A sea of red. Travelers TRV leading the way south.


2020-01-23_0648.png
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 10:49 am

Fear is on the rise to support the early bird bears, the sell off will not occur until we hit above 16.
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 10:57 am

First reversal sign start to pile up, histogram is now crossed also. Topping process is in the work.
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 10:59 am

ES 5. Finding some support.


2020-01-23_0658.png
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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 11:03 am


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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 11:09 am

First sell, if this sell fail then it's bulls turn, until then.....
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Re: 01/23/2020 Live Update

Postby Al_Dente » Thu Jan 23, 2020 11:26 am

The short side of the internals, at the moment
SHORTS
AD: opened bear=4x bulls
faded from there
now bear=2x bulls (still a nice bear bias)
Bears need to see these lines going back up
5min
123bear ad.png.png
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Re: 01/23/2020 Live Update

Postby Mr. BachNut » Thu Jan 23, 2020 11:31 am

The NYMO cycle is down!
Yesterday we got our second close below the zero line.
This gives us a benchmark of SPX 3205.37, the price high at the last NYMO cycle high.
So, we are looking for a nice move to at least the benchmark over the course of this down cycle.
Interestingly, the benchmark is in the neighborhood of the middle keltner. We shall see.

Warning... The NYMO model has a history of being less effective during periods of QE.
The Fed has been liquifying the market lately, and there is an FOMC meeting next week.
So, this signal is subject to interference... :roll:

NYMO has made a nice move today.
Perhaps it keeps going, but it is already ripening for a corrective move back to the zero line.

We have a stack of open gaps below, and Pac Man is ready to start munching.
An up gap was opened this morning. This may need to close before bears get what they want.
We are also still above the upper keltner band. Bears want to see a close back inside the band to gain confidence.
Bottomline. Bears have a shot forming, but bulls may need some more softening up before throwing in the towel.

I am flat.
I have an R2K short setup in play.
A short setup for SPX is percolating but is not ripe yet. Maybe next week?

NYMO 012320.jpg
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Re: 01/23/2020 Live Update

Postby Trades with cats » Thu Jan 23, 2020 11:32 am

ES 03-20 (2000 Tick) 2020_01_23 (8_28_17 AM).png

Breaking the trend line from the all time high.Breaking out and headed up for now.
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Re: 01/23/2020 Live Update

Postby JFR » Thu Jan 23, 2020 11:35 am

ES 5. Up to a resistance level, and breaking through.


2020-01-23_0734.png
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Re: 01/23/2020 Live Update

Postby Cobra » Thu Jan 23, 2020 11:39 am

It's bear's last chance here but my guess is it's just a range day, I see no bears.
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Re: 01/23/2020 Live Update

Postby BullBear52x » Thu Jan 23, 2020 11:49 am

Cash SPX Fib, Bearish trend, support at 61.8% is critical for bulls.
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