01/05/2021 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

Higher low or not (therefore the low was in), 50% chances. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2021/01 ... ay-update/

[JFR]

ES daily. Sitting on the EMA 20, after yesterday breaking down hard through it.

[BullBear52x]

They twist my arm to sell this one LOL

[BullBear52x]

Good PMI number VS a TA good bye kiss.

[Cobra]

Members only update at 10:12 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

Feds Kaplan says may reduce bond purchases.

Are you kidding me! They are going to run out of paper and ink. The economy can not drink out of a liquidity firehose forever.

[Cobra]

The pullback means it's just a range day.

[BullBear52x]

Big Picture, look at its RSI, a Divergence or what is it? no strength on the last run up and now is back under 60. buyers need to do something fast.

[BullBear52x]

If there will be a down trend day, this is it. or we are just going no where today.

[Cobra]

Possible double bottom, the range low might be in.

[BullBear52x]

sideways, boring, still holding my swing short lot. Intraday is done. good luck see you tomorrow. 2021 wasting no time no more.

[BullBear52x]

overall, bulls are on a defensive atm. Peace!

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

Will be pathetic if the bulls can't hold 3700

[Trades w 2 Cats]

Not equidistant bar spacing

Wow, something triggered the algos for sure.

[Trades w 2 Cats]

So Cem Karsen (@JamCrossiant) is a hot hand on twitter. His thoughts from before the open.

Support/Resistance

3764.25 ***
3744.75
3727 ***
3716.75-18.5
3680***
3660
3642.75
3603.25***

So bing bing bing we have a winner at 3727.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381