02/16/2021 Live Update

[Cobra]

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The pullback overnight for now can be seen as a bull flag, so nothing bearish yet.

[Cobra]

Members only update at 10:00 AM
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Cobra]

It's a morning hourly filled black bar.

[te_fern]

Banging against this line, can the bulls push it thru???

[tim-follows]

feels like a good day for trend day down, wait to see what Europe does and if there is no decent pop into FedTime.....huge ES call open interest at 3950 limits upside I believe, plus OI in puts below here is very low, down to 3920-ish in next 2 hours? or a grind up toward 3948 first?

[Cobra]

Pullback to EMA20 as usual, now let's see if this is the down in the morning then up and up till the close day which is a typical slow bull day.

[te_fern]

Hugging the line....

[Cobra]

Breakout to new day high with strong bull bar in the next couple of bars then it could be an uptrend day.

[Cobra]

OK, it's just a range day. I don't think it'd be a double top here but let's see.

[Al_Dente]

SCHWAB:
"Due to recent market activity, we've adjusted margin requirements on certain securities. Please note, neither Charles Schwab & Co. nor TD Ameritrade halted clients from buying any stocks, or selling any stocks they own, and neither firm restricted executing any basic options strategies. However, we've raised margin requirements on the following securities:

AMC, BB, CVM, DDS, EXPR, GME, GSX, NAK, NCMI, VIR

The following requirements are in place for affected securities:
Stocks:
100% margin requirement for long positions.
300% margin requirement for short positions.
Long calls, long puts, and covered calls are permitted.
Selling short put options is permitted if you have available funds to cover the entire amount of the exercise.
Selling naked calls is prohibited.

[tim-follows]

upvolume holding in, but broad participation is lagging, and that Pop ahead of fedtime did not solicit new buying it seems, feels still heavy

[BullBear52x]

Bears need to cross the line to be bearish here.

[tim-follows]

with low open interest in puts, the immediate ES retrace up will be sharper and farther from dealing hedging with each pause to the downside in ES, be wary of selling new lows for that reason

[BullBear52x]

It is cool now Stockcharts.com have extended hour data option.

[BullBear52x]

Daily reversal candle mission so far so good. ES <3920 is needed for bears to seal the deal.

[tim-follows]

with low open interest in puts, the immediate ES retrace up will be sharper and farther from dealing hedging with each pause to the downside in ES, be wary of selling new lows for that reason

just like this bar here!

seems less possible of maybe another leg down to 3913ish?

[Cobra]

Members only update at 12:18 pm
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Cobra]

It's the bear's last chance here for today. Probably the range low was in though.

[tim-follows]

possible cup and handle here, if above 3933 on 5 min?

next few days watching this nonconfirmation in nyad and volume, could be similar to jan 27...
[img]file:///C:/Users/Tim/Downloads/trade-2020/SFG/jan27%20selloff.png[/img]

from this pagehttps://stockcharts.com/public/1169350/tenpp/3

[Al_Dente]

Put buying right out of the gate, easing now
Note how extreme the put buying was in the VXN (QQQ) options (black dash). That is also easing a bit.