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02/16/2021 Live Update

02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 10:22 am

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The pullback overnight for now can be seen as a bull flag, so nothing bearish yet.
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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 10:59 am


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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 11:01 am

It's a morning hourly filled black bar.
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Re: 02/16/2021 Live Update

Postby te_fern » Tue Feb 16, 2021 11:05 am

Banging against this line, can the bulls push it thru???
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Re: 02/16/2021 Live Update

Postby tim-follows » Tue Feb 16, 2021 11:09 am

feels like a good day for trend day down, wait to see what Europe does and if there is no decent pop into FedTime.....huge ES call open interest at 3950 limits upside I believe, plus OI in puts below here is very low, down to 3920-ish in next 2 hours? or a grind up toward 3948 first?
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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 11:19 am

Pullback to EMA20 as usual, now let's see if this is the down in the morning then up and up till the close day which is a typical slow bull day.
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Re: 02/16/2021 Live Update

Postby te_fern » Tue Feb 16, 2021 11:43 am

Hugging the line....
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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 11:46 am

Breakout to new day high with strong bull bar in the next couple of bars then it could be an uptrend day.
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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 11:51 am

OK, it's just a range day. I don't think it'd be a double top here but let's see.
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Re: 02/16/2021 Live Update

Postby Al_Dente » Tue Feb 16, 2021 11:55 am

SCHWAB:
"Due to recent market activity, we've adjusted margin requirements on certain securities. Please note, neither Charles Schwab & Co. nor TD Ameritrade halted clients from buying any stocks, or selling any stocks they own, and neither firm restricted executing any basic options strategies. However, we've raised margin requirements on the following securities:

AMC, BB, CVM, DDS, EXPR, GME, GSX, NAK, NCMI, VIR

The following requirements are in place for affected securities:
Stocks:
100% margin requirement for long positions.
300% margin requirement for short positions.
Long calls, long puts, and covered calls are permitted.
Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.
Selling naked calls is prohibited.
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Re: 02/16/2021 Live Update

Postby tim-follows » Tue Feb 16, 2021 12:04 pm

upvolume holding in, but broad participation is lagging, and that Pop ahead of fedtime did not solicit new buying it seems, feels still heavy
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Re: 02/16/2021 Live Update

Postby BullBear52x » Tue Feb 16, 2021 12:07 pm

Bears need to cross the line to be bearish here.
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Re: 02/16/2021 Live Update

Postby tim-follows » Tue Feb 16, 2021 12:13 pm

with low open interest in puts, the immediate ES retrace up will be sharper and farther from dealing hedging with each pause to the downside in ES, be wary of selling new lows for that reason
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Re: 02/16/2021 Live Update

Postby BullBear52x » Tue Feb 16, 2021 12:14 pm

It is cool now Stockcharts.com have extended hour data option.
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Re: 02/16/2021 Live Update

Postby BullBear52x » Tue Feb 16, 2021 12:32 pm

Daily reversal candle mission so far so good. ES <3920 is needed for bears to seal the deal.
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Re: 02/16/2021 Live Update

Postby tim-follows » Tue Feb 16, 2021 1:17 pm

tim-follows wrote:with low open interest in puts, the immediate ES retrace up will be sharper and farther from dealing hedging with each pause to the downside in ES, be wary of selling new lows for that reason


just like this bar here!

seems less possible of maybe another leg down to 3913ish?
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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 1:18 pm


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Re: 02/16/2021 Live Update

Postby Cobra » Tue Feb 16, 2021 1:23 pm

It's the bear's last chance here for today. Probably the range low was in though.
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Re: 02/16/2021 Live Update

Postby tim-follows » Tue Feb 16, 2021 1:55 pm

jan27 selloff.png


possible cup and handle here, if above 3933 on 5 min?

next few days watching this nonconfirmation in nyad and volume, could be similar to jan 27...
[img]file:///C:/Users/Tim/Downloads/trade-2020/SFG/jan27%20selloff.png[/img]

from this pagehttps://stockcharts.com/public/1169350/tenpp/3
Last edited by tim-follows on Tue Feb 16, 2021 2:04 pm, edited 1 time in total.
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Re: 02/16/2021 Live Update

Postby Al_Dente » Tue Feb 16, 2021 2:03 pm

Put buying right out of the gate, easing now
Note how extreme the put buying was in the VXN (QQQ) options (black dash). That is also easing a bit.
216vix vxn.png.jpg
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