01/22/2019 Live Update

[Cobra]

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the pullback since Jan 21 for now can be seen as a bull flag so chart not bearish yet.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/01 ... ay-update/

[JFR]

ES slipping back a bit.

[JFR]

Overnight/weekend gap down on ES, NQ, YM and IWM.

[Trades with cats]

That gap down is PBoC not flooding the market with money while the economic reports are horrid. With a sick China the US market has a cold.

My wife worked for years on a product line that was a joint venture between a large Japanese company and a large US company. They hated having to be partners and they both tried to go it alone and failed badly. As a partnership they totally dominated the world wide market for that product type.

[JFR]

It seems to me the market is playing dodgeball. Catch me if you can. Giant bulls and bears taking turns swaying the market.

IWM taking a run lower.

[BullBear52x]

45ish should give a support, but rip will be sold.

[JFR]

Dive. Dive.

[Trades with cats]

FT 71 was looking for a drop then a pop up to 2658.25 or a two step drop down to 2635.25. That is looking more likely right now.

[Trades with cats]

Nomura's boy wonder was in print this morning saying ES 2600 ish is the danger point for bulls because at that level the funds will once again be putting on shorts. The small caps not moving is a tell as they seem to track they most shorted index pretty well. Meaning the funds may be sitting on their hands for now.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[Trades with cats]

My view, that nice little double bottom bounce failed at VWAP, looking like scenario 2 the selling plan for today so far.

[BullBear52x]

Bearish channel, fearful.

[Trades with cats]

FT 71 full selling scenario for today was a slight up move at the open then a sell down, consolidation then then a sell off to 2635.25, consolidation, failed move up and a drop to the low of 2626. His point is those are the obvious levels to watch if the market is in a sell mood. One of his scenarios is dead on about once a week. Usually every week or two he starts out the next day by saying his prior day scenarios had zero relationship with what happened

[JFR]

Finding some support. For the time being. Got some shorts in. Swing trades intraday, as compared to scalps. Hit the targets, Baby. Back later to check ...

[BullBear52x]

New LOD will be vey ugly slide, another 10 handles or so. not looking good for bulls today

[Trades with cats]

ES regular hours VWAP sitting at overnight low, ES 2649. Should be a fight to break through.

[brokebybernacke2]

Bearish channel, fearful.

finally a pullback. buyback limbo now? bounces yes, but think we can get to 2498 in 2-4 weeks...feb 1 food stamp time, can't think gov't stay shut much longer than that...

[BullBear52x]

common chart pattern

[BullBear52x]

5 min stick save, no new LOD from here. it will not look pretty.