10/21/2019 Live Update

[JFR]

ES five minutes. Bounce off the EMA 20.

[Heck]

Two/Three C/P Option Sentiment Indicators = DOWN

Close to Three DOWN

[Cobra]

likely just a range day, now seeking the range high.

[BullBear52x]

Wishful thinking, I got my order to reverse to buy at 3002, If bears can not make LL from here it's something else.

[JFR]

ES, five minute. At resistance, at the high end of the range. Back later.

[BullBear52x]

This is a fight. this is the box that I have to deal with, bulls are not all that strong either.

[BullBear52x]

I know Monday is the most boring day of the week, look at last Monday range. something big going to happen tomorrow. Wednesday I will be gone until next week, I hope I don't miss a big move tomorrow.

[BullBear52x]

3 handles day scalping until something move out of this 3000 to 3003. I am leaning bearish, selling now, TRIN says no buy.

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2019/10 ... ay-update/

[Cobra]

testing day high. no evidence but I guess it'll make a breakout. it's a typical slow bull day that down in the morning then slowly up and up till the close. let's see.

[BullBear52x]

a day like today it is more productive just to stay in bed. 3 handles scalping on the down side. so far so good until now.

[BullBear52x]

The red P/L Open is not a pretty sight, lets got bears.

[BullBear52x]

/ES Bull Trap

[BullBear52x]

Range day trading 3 handles to continue.

[BullBear52x]

Besides intraday trading, 3002ish is now become a support, bears last peak to sell today.

[ccash04]

Short, short and short.

Bonds not really confirming this move. This seems to be low volume nonsense so will take the loss if it keeps grinding up but seems like we've seen this before, failure in the 3,000 area. Some tweet, news or whatever always seems to make the market tank.

[BullBear52x]

Cash SPX Fib, bulls doesn't care where the closed is, But for bears , the closed need to be weak under 38.2% to hold on. for me, tomorrow is another day.

[ccash04]

I like to look at high yield to get an idea where equities see things vs bonds. Look at JNK/HYG vs. SPY. Credit not nearly as enthusiastic as SPY still off highs of Sept/June. Credit looks like it is rolling over as well. Usually equities will catch up to credit, usually but everything is about playing the odds.

[BullBear52x]

I like to look at high yield to get an idea where equities see things vs bonds. Look at JNK/HYG vs. SPY. Credit not nearly as enthusiastic as SPY still off highs of Sept/June. Credit looks like it is rolling over as well. Usually equities will catch up to credit, usually but everything is about playing the odds.

someone does buy this weak chart, scratching my head too. old SPY chart book.

[Ratbastrd]

Something is rotten in this market. OBV is massively diverging over last few weeks of trading. TRIN is also picking up again, as it has since July when ever market gets up over 3K. Scaling into shorts this week, with a stop at 3045 (assuming a throw over). This chart sucks, but OBV is lower panel, SPY upper panel.