01/29/2020 Live Update

[Cobra]

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Consolidation overnight so bias might be up. Roller coaster show at 2 pm, don't forget.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/01 ... ay-update/

[Trades with cats]

Overnight market up, but cumulative delta slightly negative.

[Trades with cats]

Back down into the 1 standard deviation zone (value area) for the last 24 hours. Supposed to be the bottom of the range this morning. We will see.

[Trades with cats]

Hello overnight low. This is getting pretty bearish.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2020/01 ... ay-update/

[Cobra]

It's morning hourly filled black bar.

[Heck]

AAPL Effect Halo = DOWN

Black Bar Bear

SPX SELLING Below 3,292.26 edit 3,293.47

Two/Three ISE Option Indices = DOWN DOWN

edit Now Three/Three ISE Option Sentiment Indices = DOWN DOWN DOWN

Undervalued ISE Index PUTS Five Times Calls = REALLY DOWN

[JFR]

ES daily. The pullback is at the EMA 20, up from the trendline.

[JFR]

ES 5. Strong move down in the last half hour. Finding support at the pivot.

[Trades with cats]

[JFR]

Overnight gap up on ES, NQ, YM and RTY. Filled on all counts.

[JFR]

Leaders and laggards on the Dow 30, founded by Charles Dow. At the top is Dow Holdings, DOW, founded by Herbert Henry Dow. At the bottom is United Health, UNH.

[Cobra]

The last chance for bears here. It's a range day no matter what though.

[JFR]

ES 5. Up to the EMA 20, where it stalls.

[Trades with cats]

Looks like market wants to add some volume to that former ES gap zone while waiting on Powell and company to explain how they are going to make the temporary repo program permanent but not QE.

Edit= the wits on twitter have renamed QE "more cowbell" ( a la Christopher Walken on Saturday Night Live)

[JFR]

Dow 30 leaders. If MCD, MRK and JNJ have well behaved pullbacks, I will be interested in taking a position for the day. If I notice at the time. 15 minute charts.

[Cobra]

Guess bears will have to wait after the roller coaster show, may test the day high.

[Al_Dente]

FOMC
odds: 87.3% unchanged

[JFR]

ES 5. Busting through the EMA 20 and the support/resistance level. Can't keep those bulls down.