10/21/2020 Live Update

[Al_Dente]

Schwab having trouble with reporting
executions are fine but reporting is wanky
they asked customers not to re-enter any orders, to avoid duplicates

[BullBear52x]

sell at MA resistance, down trend day should happen from here if there will be one. let do it

[BullBear52x]

sell day for me, there's another sell setup, come2papa setup if this one play hard to get.

[BullBear52x]

It's a fearful market.

[BullBear52x]

more than 5 easy handles, half off and kick back, same playbook.

[BullBear52x]

Cash SPX, a true killer will be LL here.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2020/10 ... ay-update/

[Mr. BachNut]

The NYMO cycle is down.
Confirmation came with the close yesterday.
The cycle high set a benchmark at SPX 3447.28.
So, the model suggests prices below that at the pending cycle low.
We shall see.

Lot's of gaps below with two above.
The two closest down gaps are just below yesterday's inside day low.
They are ripe for closure...
Various supports lurk at the possible gap targets further below.

I remain long SPX and R2K. Scales have been taken so the trades are in good shape.
I have setups to reverse short on deck.
With all the political volatility that may go down in days ahead, I may engage in some discretionary manual trade control rather than let things run on autopilot.

[Cobra]

The line below won't hold another test, be careful here.

[Cobra]

Must be a news, AGAIN

[BullBear52x]

Come2papa, last sell for da bears today.

[BullBear52x]

If bulls were serious there should be a buying at this MA support, for me another half off, and kick back.

[BullBear52x]

Who is papa now?

[BullBear52x]

Market is in fear, VIX>30 could crash the market easily. well, at least I am not buying if not shorting out right.

[BullBear52x]

A breakdown next target will be 3369 a little much but after all it's TA number. ES V-POC

[Zane]

what do you guys make of the 8 days green vix?

[Al_Dente]

the 10-fangs usually push the index around
today at the moment: bullish divergence in the fangs (pink)

[Cobra]

50% chances of double bottom here. The line below won't hold another test so better be a double bottom.

[Al_Dente]

10-fangs
[reminder: TSLA reports tonight]

[BullBear52x]

Balanced market, not going anywhere until we are out of this hole one way or another, big move is boiling another way to look at it.