01/04/2021 Live Update

[Trades w 2 Cats]

Looking like around 3654 level is the launch pad. Two times now market has strongly rejected that level with a big green spike up move.

[BullBear52x]

Support at 78.6%, I think that's all she wrote for bears today.

[Al_Dente]

....

[BullBear52x]

Chart for the road: this will not be a one day wonder for bears.

[Trades w 2 Cats]

Measured moves say time to turn back down or move on up. Need to see more bars!

[Cobra]

Double bottom text book target.

[marcueus3]

ES 03-21 (15 Minute) 2021_01_04 (11_00_08 AM).png

Almost reached that P-Bar, now almost matching the drop from last sell day. Clearly, looking at the bid ask delta in box 3 year end activity was masking distribution. Was not expecting this until Wednesday when Santa Rally was supposed to end.

Still by thursday spx can get over 3800

[BullBear52x]

One more sell for today. Need to see LL from here or bottom is in.

[Cobra]

The very first test of EMA20 in 2+ hours, watch for EMA short setup.

[Al_Dente]

Compare the volume on 17 December to today (red arrows)
Bulls are watching the red volume …. and they are salivating
Daily

[Cobra]

Text book target fulfilled. Widest bar after being up for awhile so it could be an exhaustion bar so maybe a pullback here first then we'll see. The rebound was strong but the prior double bottom was too small so hard to tell whether the low was in or not.

[Al_Dente]

Everyone knows about the vaccine delays
Today Cuomo said that the NY hospitals that don’t use the vaccine within one week of receipt will be fined
and they won’t get more allocation
[CNBC]

[Al_Dente]

There are approximately 215 Hospitals in NY
I’m guessing the problem is short qualified staff, so if their priority has been saving folks in ICU, they must shift the priority to vaccinating

Cuomo pushed the state’s hospitals to administer the vaccine faster. He said hospitals are facing fines of up to $100,000 if they don’t administer their allocations of coronavirus vaccines by the end of this week.

The state has received more than 774,000 Covid-19 vaccine doses but has administered just 237,000 as of Saturday, according to the Centers for Disease Control and Prevention.

[Cobra]

Everyone knows about the vaccine delays
Today Cuomo said that the NY hospitals that don’t use the vaccine within one week of receipt will be fined
and they won’t get more allocation
[CNBC]

Vaccine delay is a sure thing, anyone here ever think that all the plan will go smoothly? I never ever see any plans have no delays.

The actual problem is: How many people are willing to take the vaccine? What if (I think it's very likely) only 50% people take the vaccine?

[Trades w 2 Cats]

Mike Tyson and General Eisenhower had similar thoughts on grand plans!

[Al_Dente]

COLORADO: if vaccines are not used within 72 hours they will be reallocated to hospitals that can get it done

[Al_Dente]

Everyone knows about the vaccine delays
Today Cuomo said that the NY hospitals that don’t use the vaccine within one week of receipt will be fined
and they won’t get more allocation
[CNBC]

Vaccine delay is a sure thing, anyone here ever think that all the plan will go smoothly? I never ever see any plans have no delays.

The actual problem is: How many people are willing to take the vaccine? What if (I think it's very likely) only 50% people take the vaccine?

So let's get the 50% vaccinated already

[Cobra]

2 legged small pullback so probably will be bought so maybe the low was in. I know it's late but it's hard to call today, even now I'm not very sure yet.

[Trades w 2 Cats]

When market makes big moves like today it has been sooo easy to figure it out, just look at the Trump Tweet that started it. Not so much today. Media blaming market realizing Georgia election is going to be a horse race and the big banks all saying market is ahead of itself.

[Cobra]

Members only update at 3:30 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/