01/12/2021 Live Update

[Cobra]

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In range, but since the trend leading to the range was up so bias should be up. Possible range day.

[Cobra]

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

[JFR]

ES daily. Inside bar. Down from the high. Forming a base.

[JFR]

SPY 5. Scalping in dangerous waters.

[JFR]

Dow 30. About even between the greens and the reds.

[JFR]

SPY daily. Point and Figure. Still looking up.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Al_Dente]

[Cobra]

I don't know the direction, so far it's just a range day.

[Trades w 2 Cats]

from Lemon head

from twitter today- this is a follow up on all the Gamma stuff related to this week being a significant opex.

Gamma Exposure hit a record yesterday.

If we divide Gamma by the S&P 500's value (to account for the stock market's changing value over time), this is still incredibly high

Historically, the stock market fell over the next 2 months: -7.9%, -7.3%, & -31%

[Cobra]

We may have the range high and low now.

[Trades w 2 Cats]

So far 3803 has held, more evidence favoring fireworks tomorrow according to the tape traders.

[QED]

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https://northmantrader.com/2021/01/11/freak-show-2/

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[Al_Dente]

More bank highs ahead of the
EARNINGS REPORTS:
thursday: BLK
friday: C, JPM, WFC

[Cobra]

Must be a news, this bear may have legs.

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2021/01 ... ay-update/

[Cobra]

Will have to go out for at least 90 min, so will have not update for awhile. Looks like it's exciting time, too bad.

[Al_Dente]

If this is a real breakdown from that double-top, the target is the 6 Jan double-bottom low (pink arrows)

[QED]

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NorthmanTrader: "Ironically the $SPX yearly 5 EMA sits right at 3255 at the moment. Why ironic? Because tagging it would imply filling all the open gaps from November."

https://northmantrader.com/2021/01/12/stretched-2/

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[BullBear52x]

ES, need to see LL from here.