01/11/2021 Live Update

[Cobra]

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Double bottom or not, wait and see. Possible trend day, either up or down.

[JFR]

ES daily. Pulling back from the high.

[Cobra]

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

[JFR]

5 minute. Gap down on DIA IWM QQQ and SPY.

[JFR]

Dow 30. Mostly down. WBA leading. BA, AAPL and CRM trailing.

Back later ...

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

It's a morning hourly hollow red.

[Al_Dente]

TODAY
SPXS reverse split 1:10

[Cobra]

It's the bear's last chance for today here.

[Cobra]

Possible higher low, guess bears are over for today.

[Trades w 2 Cats]

Major channel holding up so far.

I would add the monthly options expiration has lived up to it's billing so far.

[Cobra]

Members only update at 12:00 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

IF (big if) this is a two legged move up I have a target at 3815 area. Looking at Friday well there it is a low volume node at the top of the value area. So we will see.

[Al_Dente]

1/11 NOMURA: equity buy-to-open premium is soaring.
McElligott warns that there is a TON of $Gamma set to roll-off [OPEX friday], which matters when Delta is this “extreme long” and thus could very likely be monetized as a “supply source” to potential correction in price ... WHERE THINGS COULD GET SLIPPERY LOWER.
… we have to be ready for the “down trade” window opening around Wednesday’s VIX expiration and thereafter, with Gamma coming-off and current “extreme long” Delta position showing potential ... to get the ball rolling lower, especially with such a risky sentiment froth ...
SPX / SPY Gamma vs spot “flip” at 3667 incl this week / 3679 ex Friday expiry
[“flip” is the level where Nomura believes the big guys will flip to short]

[Cobra]

Pennant, bias is a little down.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374

[Cobra]

The market is trying to make a double bottom for tomorrow.