01/05/2021 Live Update

[Cobra]

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Higher low or not (therefore the low was in), 50% chances. Possible range day.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2021/01 ... ay-update/

[JFR]

ES daily. Sitting on the EMA 20, after yesterday breaking down hard through it.

[BullBear52x]

They twist my arm to sell this one LOL

[BullBear52x]

Good PMI number VS a TA good bye kiss.

[Cobra]

Members only update at 10:12 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

Feds Kaplan says may reduce bond purchases.

Are you kidding me! They are going to run out of paper and ink. The economy can not drink out of a liquidity firehose forever.

[Cobra]

The pullback means it's just a range day.

[BullBear52x]

Big Picture, look at its RSI, a Divergence or what is it? no strength on the last run up and now is back under 60. buyers need to do something fast.

[BullBear52x]

If there will be a down trend day, this is it. or we are just going no where today.

[Cobra]

Possible double bottom, the range low might be in.

[BullBear52x]

sideways, boring, still holding my swing short lot. Intraday is done. good luck see you tomorrow. 2021 wasting no time no more.

[BullBear52x]

overall, bulls are on a defensive atm. Peace!

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Trades w 2 Cats]

Will be pathetic if the bulls can't hold 3700

[Trades w 2 Cats]

Not equidistant bar spacing

Wow, something triggered the algos for sure.

[Trades w 2 Cats]

So Cem Karsen (@JamCrossiant) is a hot hand on twitter. His thoughts from before the open.

Support/Resistance

3764.25 ***
3744.75
3727 ***
3716.75-18.5
3680***
3660
3642.75
3603.25***

So bing bing bing we have a winner at 3727.

[Cobra]

Members only update at 3:36 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381