01/22/2021 Live Update

[Cobra]

Clear breakout so it shouldn't be a downtrend day, at the best for bears, it's just a range day.

[JFR]

SPY 5. Nice clean moves. Even riding the EMA 20 for a spell. Eyes on the gap?

[JFR]

IWM fills its gap. Then faces some resistance.

[BullBear52x]

bears are dead.

[jaijailyc]

With stocks like GME, this market's price discovery is dead. Just buy and forget.

[BullBear52x]

This is getting hard. if a strong bull, this MA have to play a strong support, I am not buying, this is good chance for bear to have a right shoulder. if it fails I will try to sell again, sit out for now.

[Trades w 2 Cats]

Tops are a process, bottoms are an event. Still think we slowly levitate on false expectations of massive Fed stimulus. Once they start introducing legislation I think we will get some sell the news drops as Senate makes sausage.

[Cobra]

Members only update at 12:22 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[BullBear52x]

last sell here.

[Cobra]

50% chances of double top

[BullBear52x]

Cash SPX Fib, I am expecting a lower closed. so far 61.8% is still holding up. until then.......

[Trades w 2 Cats]

Third try at the kill zone where bull moves die. Cobra rules fourth try should succeed.

[Trades w 2 Cats]

Should add the obvious, just 4 stinking points from serious resistance at yesterdays closing area, and four points looks like a lot this afternoon.

[te_fern]

3850 appears to be the line to cross...

[te_fern]

Got to 3850 or close at least 4 times today....

[Trades w 2 Cats]

Power hour needs new batteries

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

Gasping for breath market trying to cross over the finish line.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377