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12/17/2020 Live Update

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Cobra
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12/17/2020 Live Update

Post by Cobra »

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The pullback overnight might be bought. Possible trend day either up or down (Another day of fading a morning up gap)?
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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »

The members only update starts here: http://www.cobrasmarketview.com/2020/12 ... ay-update/

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te_fern
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Re: 12/17/2020 Live Update

Post by te_fern »

Watching this in case it's a mini crash channel...
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SPX.PNG
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te_fern
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Re: 12/17/2020 Live Update

Post by te_fern »

The forum only let me post one chart today! LOL! The SPX is still in the crash channel....
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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »


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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »

Not sure whether this bar means the range low was in. Feels it's the one though.
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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »


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Al_Dente
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Re: 12/17/2020 Live Update

Post by Al_Dente »

Since the November 2 low, the Equal Weight SPX (dashed line behind price) has been confirming each high …. until the 12/9 high when it printed a neg divergence …. okay so we gave it a chance to “cure”.
On today’s ATH the equal weight $SPXEW DID NOT HIGH ... yet ...
Second NEGATIVE DIVERGENCE
1217ew.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
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Re: 12/17/2020 Live Update

Post by Trades w 2 Cats »

Hi everybody. Have said nothing since my old computer died and I lost my password (linked to a defunct e-mail account). So this is the third time I have registered over the years. My core membership goes back from before Cobra started asking for the monthly donation.

Fumar, Caley, myself and my better half sold our home this summer and are supposed to be touring the country in our trailer. The cats have easily adjusted. That has not worked out so well for the humans as we are locked down in the Mojave desert. :o :cry:

Speaking of locked down how about options gamma keeping us pinned in this range through expiry.
https://www.zerohedge.com/markets/sp-ca ... -spotgamma

I assume you all saw that Harknet at Bank of America issued a sell signal earlier this week because of low liquidity. I also assume that Pasta Boss will be posting the rules for the Santa Rally that should start late next week.

My best guess is a new Covid deal is reached this weekend allowing the bots to jerk us up to a new all time higher high Sunday night. Then the usual sell the move first part of the week before we move into the year end rally. All done on very low volume with a lack of conviction because you know the decision makers are heading for their private jets and a winter holiday this weekend. :!:
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Al_Dente
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Re: 12/17/2020 Live Update

Post by Al_Dente »

For the bulls:
1): Aggressive buying of recent IPOs vs SPY is bullish
2) and 3): Cumulative AD is bullish
4): Inverted VIX is trying to catch up
Daily charts
1217 default ad.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/17/2020 Live Update

Post by Al_Dente »

Hey CATS welcome back :D :D :D :D
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te_fern
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Re: 12/17/2020 Live Update

Post by te_fern »

Al_Dente wrote:Hey CATS welcome back :D :D :D :D
I agree with Pasta Boss, good to see you TWC! Hope you are back for a while!!
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Al_Dente
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Re: 12/17/2020 Live Update

Post by Al_Dente »

1217key sec.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/17/2020 Live Update

Post by Al_Dente »

same chart, different time-frame, ONE YEAR
1217yr.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 12/17/2020 Live Update

Post by Cobra »

Maybe finally, higher low here?
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Trades w 2 Cats
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Re: 12/17/2020 Live Update

Post by Trades w 2 Cats »

Thanks, I never leave but last six months have been pre-occupied with other stuff. Much easier to concentrate when you are living in a 28 foot long aluminum tube. Our kids are betting on how long we last ;)
K447
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Re: 12/17/2020 Live Update

Post by K447 »

Trades w 2 Cats wrote:... Our kids are betting on how long we last ;)
Are you taking the other side of those bets?
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JFR
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Re: 12/17/2020 Live Update

Post by JFR »

Trades w 2 Cats wrote:Hi everybody. Have said nothing since my old computer died and I lost my password (linked to a defunct e-mail account). So this is the third time I have registered over the years. My core membership goes back from before Cobra started asking for the monthly donation.
Welcome back. I was wondering where you were. Sounds like you and your family are having quite the adventure. I hope you and the family, including the cats, are all doing well. Do your cats get your attention by sleeping on the keyboard? Ha ha

cat on KB.jpg
Last edited by JFR on Thu Dec 17, 2020 2:27 pm, edited 1 time in total.
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JFR
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Re: 12/17/2020 Live Update

Post by JFR »

ES daily. Back to the top. Next step: breakout or pullback. Range won't go on forever.

2020-12-17_10-21-41.png
Charts posted are not recommendations. They are just a sharing of information.
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