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01/21/2021 Live Update

01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 10:24 am

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The pullback overnight so far looks like a bull flag, probably will be bought. Possible range day.
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Re: 01/21/2021 Live Update

Postby JFR » Thu Jan 21, 2021 10:25 am

ES daily. Pushing its nose above resistance.


2021-01-21_06-24-38.png
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Re: 01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 10:28 am

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

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Re: 01/21/2021 Live Update

Postby BullBear52x » Thu Jan 21, 2021 10:33 am

Today should be easy ride. I am selling of course. :twisted:
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Re: 01/21/2021 Live Update

Postby BullBear52x » Thu Jan 21, 2021 10:44 am

That was quick, there should be a support here at 5m min. MA support. take half.
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Re: 01/21/2021 Live Update

Postby BullBear52x » Thu Jan 21, 2021 10:53 am

Bears need to see LL from here. a trade above 47ish will most likely turns into a range day, even we trade lower today, the late day rally is still possible,soooooo Bears be nimble unless the gain is more than 30+ handles then the game is changing for bears.
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Re: 01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 11:06 am


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Re: 01/21/2021 Live Update

Postby Al_Dente » Thu Jan 21, 2021 11:08 am

TQQQ split 2:1
and stockcharts ACP hasn't updated yet
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Re: 01/21/2021 Live Update

Postby Al_Dente » Thu Jan 21, 2021 11:12 am

No support from the AD
121ad,png.jpg
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Re: 01/21/2021 Live Update

Postby Al_Dente » Thu Jan 21, 2021 11:16 am

Same internals, BUT THIS VIEW IS FROM THE SHORT SIDE, where declines are 2x advances, at the moment
121short AD.png.jpg
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Re: 01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 11:24 am

Testing yesterday's high. The up so far is strong so breakout might be a little more likely than a double top here.
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Re: 01/21/2021 Live Update

Postby Trades w 2 Cats » Thu Jan 21, 2021 12:07 pm

The overnight high was reached at the end of the Asian session. So the lowest volume and frequently reversed. London/Frankfurt made a slightly lower double top 3857 and then sold off into the US open. Going to need some market moving big news item to take out that double top, not this slow grind.
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Re: 01/21/2021 Live Update

Postby JFR » Thu Jan 21, 2021 12:23 pm

SPY 5. The usual ups and downs, on a train going nowhere.


Screenshot_20210121_082306.jpg
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Re: 01/21/2021 Live Update

Postby Trades w 2 Cats » Thu Jan 21, 2021 12:59 pm

Market behaving. Last bounce was off overnight low to the tick.
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Re: 01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 1:15 pm


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Re: 01/21/2021 Live Update

Postby Cobra » Thu Jan 21, 2021 1:22 pm

Testing day low, should be a rebound or consolidation here first then we'll see.
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Re: 01/21/2021 Live Update

Postby Al_Dente » Thu Jan 21, 2021 1:31 pm

and the options folks ease up on their call buying
121VIX.PNG.jpg
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Re: 01/21/2021 Live Update

Postby Mr. BachNut » Thu Jan 21, 2021 1:32 pm

Just a mid-day observation...

Price hit the upper keltner band yesterday, which is bullish.
However, NYMO is negative today.
NYMO has been bobbling around the zero line for several days now but we have a bit of a lower high lower low pattern at the moment over the last four days.
So, we have a negative NYMO divergence unfolding.
We have three down gaps that have opened up in this NYMO context while outstanding up gaps have been closed.

Bottom line is a weak close would suggest some caution for bulls.
Negative divergence is a tell but not really actionable though until confirmed by price.

I am flat.

NYMO012121.jpg
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Re: 01/21/2021 Live Update

Postby Al_Dente » Thu Jan 21, 2021 1:53 pm

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Re: 01/21/2021 Live Update

Postby JFR » Thu Jan 21, 2021 2:11 pm

SPY daily. Swing trade view, still long, but getting dicey. IMO.


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