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01/20/2021 Live Update

01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 10:24 am

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A little resistance here. Possible trend day either up or down.
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 10:27 am

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

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Re: 01/20/2021 Live Update

Postby JFR » Wed Jan 20, 2021 10:27 am

ES daily. Dawn of a new day, and a new USA Administration. The market is up.


2021-01-20_06-20-50.png
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Re: 01/20/2021 Live Update

Postby BullBear52x » Wed Jan 20, 2021 10:30 am

Mad market, sell first ask question later.
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Re: 01/20/2021 Live Update

Postby JFR » Wed Jan 20, 2021 10:31 am

ES one minute. Gap up.


2021-01-20_06-30-25.png
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Re: 01/20/2021 Live Update

Postby BullBear52x » Wed Jan 20, 2021 10:39 am

market wants to breakout but they spent all night to move it already. I think down first then more attempt to push up later in the day.
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Re: 01/20/2021 Live Update

Postby JFR » Wed Jan 20, 2021 10:43 am

SPY five minutes. Hitting the Pause/Pullback button.


2021-01-20_06-43-21.png
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Re: 01/20/2021 Live Update

Postby JFR » Wed Jan 20, 2021 10:52 am

SPY 5 minutes. Was scalping long on ES (although SPY shown here), but taking a break now for coffee, and see some news. Expect a large pullback at any time.


2021-01-20_06-50-45.png
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 11:06 am


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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 11:26 am

Could be a pullback here first then we'll see whether bulls can make an uptrend day or not. So far bulls look promising.
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Re: 01/20/2021 Live Update

Postby BullBear52x » Wed Jan 20, 2021 11:27 am

For now bears doesn't have much to hope for, but not a buy for me at this point.
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 11:29 am

Here's reason calling a pullback: Bars got wider and wider, classical exhaustion.
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 12:12 pm

The pullback probably will be bought but it's too large for an uptrend day so guess it's just a range day, the best up part of the day has done.
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 12:53 pm

I believe it's C&H which is bullish instead of double top here.
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 1:17 pm


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Re: 01/20/2021 Live Update

Postby Al_Dente » Wed Jan 20, 2021 2:05 pm

"China has decided to sanction 28 persons who have seriously violated China's sovereignty and who have been mainly responsible for such U.S. moves on China-related issues. They include Michael R. Pompeo, Peter K. Navarro, Robert C. O'Brien, David R. Stilwell, Matthew Pottinger, Alex M. Azar II, Keith J. Krach, and Kelly D. K. Craft of the Trump administration as well as John R. Bolton and Stephen K. Bannon. These individuals and their immediate family members are prohibited from entering the mainland, Hong Kong and Macao of China. They and companies and institutions associated with them are also restricted from doing business with China."
https://www.fmprc.gov.cn/mfa_eng/xwfw_6 ... 7554.shtml
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Re: 01/20/2021 Live Update

Postby Al_Dente » Wed Jan 20, 2021 2:12 pm

FOR THE BULLS:
Nomura's McElligott "room to buy much more."
looking ahead, the "flip level" is now at 3711

ELSEWHERE: posted today but data is from 1/15/21
“Ned Davis, the senior investment strategist of his eponymous Ned Davis Research, says the market looks bubbly but that the ride up will still continue. The percentage of stocks making weekly new highs has risen, while the percentage of stocks making new lows has remained low, he said. Historically, new highs peak 36.5 weeks before the market does. He does agree the market looks extended relative to its long-term trend. But it isn’t as extended as 1929 or 2000, he says."
https://images.mktw.net/im-287556?width ... 1040723982
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Re: 01/20/2021 Live Update

Postby Cobra » Wed Jan 20, 2021 2:49 pm

The very first test of EMA20 in 2+ hours usually is buy, watch EMA buy setup which may just be good for a scalp and may also imply the uptrend is near over though.
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Re: 01/20/2021 Live Update

Postby BullBear52x » Wed Jan 20, 2021 2:54 pm

second buy intraday, I am sitting out, can not buy this market.
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Re: 01/20/2021 Live Update

Postby BullBear52x » Wed Jan 20, 2021 3:12 pm

last buy failed, now bears got to try again next sell setup.
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