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01/23/2020 Live Update

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Cobra
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01/23/2020 Live Update

Post by Cobra »

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

Post by JFR »

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

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

Post by JFR »

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

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

Post by Cobra »

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Heck
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Re: 01/23/2020 Live Update

Post by Heck »

All Three C/P Option Sentiment Indicators= DOWN DOWN DOWN
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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

continue selling.
My comments are for entertainment/educational purpose only. NOT a trade advice.
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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

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

Post by JFR »

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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JFR
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Re: 01/23/2020 Live Update

Post by JFR »

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

2020-01-23_0648.png
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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

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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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

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

Post by JFR »

ES 5. Finding some support.

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

Post by Cobra »


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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

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

Post by Al_Dente »

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
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: 01/23/2020 Live Update

Post by Mr. BachNut »

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
Trades with cats
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Re: 01/23/2020 Live Update

Post by Trades with cats »

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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JFR
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Re: 01/23/2020 Live Update

Post by JFR »

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

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

Post by Cobra »

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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BullBear52x
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Re: 01/23/2020 Live Update

Post by BullBear52x »

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