02/18/2021 Live Update

[Cobra]

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Double bottom or not, wait and see. Possible range day.

[JFR]

ES daily. The pullback continues.

[JFR]

SPY 5. Opens up gap down.

[JFR]

Dow 30. A sea of red. MMM at the top. WMT at the bottom.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[marcueus3]

Target for spx 3850

[Pauthi]

Target for spx gap-close

[Cobra]

Testing EMA20, it's the bear's last chance to make a downtrend day today. Probably it's just a range day though.

[te_fern]

Bounced off the bottom support this morning, now back testing previous broken diagonal line. Big clue now as to how the day will proceed....

[Mr. BachNut]

Not much to say.

NYMO cycle may confirm down today.
New up gap established today.
Price is back inside the keltner band.
This gives some odds for a trip down to the middle keltner (or more), but doesn't have to happen or may do so after revisiting the highs.
I am inclined to view it as a heads up for a possible change in character. (could also just be OPEX book balancing... )
I will hazard a guess that any revisit of the highs in the days ahead may come with a negative NYMO divergence. We shall see.

I am flat.
My ES long was breakeven stopped after two profit units scaled out.
My R2K long was profit stopped after two profit units scaled out.
I have short setups percolating, but price is around a support/dip buy level too. So, nothing may happen.
I am thinking I got shaken out of my position here, but such was necessary to honor the setup protocol.
For someone who wants to own clean trends, this year has been a bit funky so far.

[Al_Dente]

3 push up on buying puts
higher highs, higher lows
15m

[Al_Dente]

GME hearing just started
https://financialservices.house.gov/live/

[Cobra]

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

[Al_Dente]

ELDER BARS on the daily
SP blue
QQQ red
SMALLS red
at the moment ... but we need the closing colors ...

[Al_Dente]

Vlad is speaking now

[Cobra]

51% chances of higher low.

[te_fern]

Down in No man's land, could go either way....

[te_fern]

I don't have a position on, but am leaning bearish......

[Al_Dente]

... I am flat.
My ES long was breakeven stopped after two profit units scaled out.
My R2K long was profit stopped after two profit units scaled out.
I have short setups percolating, but price is around a support/dip buy level too. So, nothing may happen.
I am thinking I got shaken out of my position here, but such was necessary to honor the setup protocol.
For someone who wants to own clean trends, this year has been a bit funky so far.

thank you mr. bach