01/17/2020 Live Update

[Cobra]

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This bull shall have legs.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/01 ... ay-update/

[BullBear52x]

What a day traders to do on an overbought market? find excuse to sell.
A bearish reversal bar mission. It's Friday quick in and quick out operation.

[BullBear52x]

Draw a line on the open, a reversal day = 20-25 handles, an up day = 10-15 handles. I am using an opening price as a pivot for day trade today.

[JFR]

ES daily. Well above the EMA 20.

[BullBear52x]

That was quick 5 handles.

[JFR]

ES 5. Some ups overnight. Moving down at the open.

[JFR]

ES NQ YM and RTY. Gap up overnight. Moving down now.

[BullBear52x]

I see a big correction in the horizon. I will reveal what the vertical RED line indicator is this weekend, don't want to be too early to calling the sky is falling.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2020/01 ... ay-update/

[BullBear52x]

/ES trend channels

[JFR]

RTY fills the overnight gap.

[Heck]

Broken Record Deja Vu

Armstrong ECM Turning Point = DOWN

'BIG TECH GETS BIGGER: VALUE TOPS $5 TRILLION!' = DOWN

'Dow could hit 30,000 in the next 10 trading days' = DOWN

Falling Extreme Greed 89 Sentiment = DOWN

Fed Neel Kashkari: Show Me How The Fed Repos Moving Stock Prices = DOWN

Two/Three C/P Long Opening Option Sentiment Indices = DOWN DOWN

C/P Index Long Opening PUTS twice Calls = DOWN

Housing Permits Down = DOWN

Impeachment Trial = DOWN

Job openings in November down 561K = DOWN

News of Two Trade Agreements Signed = DOWN DOWN

NFL $60 M Coach Deal = DOWN
QQQ/SPY Divergence = DOWN

Solar Minimum = DOWN

Two major hedgies Uber Bullish = DOWN

UMich Sentiment Down = DOWN

2018 Industrial Production Down = DOWN

TSLA NHTSA Probe = DOWN

US budget deficit over $1 trillion and nobody cares = DOWN

US Troops Injured by Iran Missile Strike = DOWN

Yet Another BA charge off = DOWN

Record 23 DOWNS

$SPX SELLING Below 3,326.25 Edit 3,329.88

One of these days Alice

[BullBear52x]

Cash SPX Fib, remember yesterday? it took all day to break up and run up, well here we are again. my wishful think is to the down side again but ain't gonna project it. Jinx!

[BullBear52x]

I am buying now.

[BullBear52x]

Chart.

[BullBear52x]

A breakout to the up side 3342 is my projection target.

A break down to the down side 33000 is a PT.


first 3-5 handles will be taken off the table as usual on this buy.

[Cobra]

Consolidation, bias is up, but I don't expect big up even it turns out to be an uptrend day which by now still have chances.

[BullBear52x]

back to sell, buy failed, no money.

Bear = 1
Bull = 0

[BullBear52x]

Economic calendar released so far. not so hot today.