12/14/2020 Live Update

[Cobra]

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The pullback (2 last red bars) might be bought. Possible trend day, either up or down.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

Consolidation, bias is up. Breakout with good looking bull bar would mean it's an uptrend day.

[te_fern]

See if it will bounce off the VWAP line....

[ccash04]

Seems like a boring day, shorted here as not much push higher it seems but probably will get stopped out and take rest of the day doing something else.

[te_fern]

Nope, fell thru...

[Al_Dente]

fangs higher lows foretold the wedge breakout
target orange box
pullback is good, needed backtest

[Cobra]

Widest red bar means exhaustion so should be a rebound here first then we'll see. Still it's the same pattern everyday: Fade the morning up. People are selling into the strength, be careful.

[Al_Dente]

NYC Mayor Bill de Blasio brought up the possibility of a "full shutdown" of NYC on Monday, the day that restaurants in the city were forced to close as new bans on indoor dining went into effect....
COVID numbers and hospitalizations climb across the city and across the state, even as its health-care workers will be among the first in the country to get the vaccine.
"There’s the potential of having to do a full pause, a full shutdown, in the coming weeks, because we can’t let this kind of momentum go...
We’ve got to stop it. We’ve got to stop it before it causes too much damage, too much pain...and we have to stop it to give time for the vaccine to really be properly distributed

[Al_Dente]

December Opex Week Historically Bullish … up until 2018....
https://quantifiableedges.com/december- ... y-bullish/

[Al_Dente]

AAPL will attempt another go at that potential double-top
you know the drill

[Al_Dente]

SHORT INTERNALS
5min
There is 2 times as much volume down as up
But not many issues down (1-to-1) … meaning the selling is concentrated in a handful of selective issues, not broad

[Al_Dente]

What is being sold?
This is the OEX-100 large caps, reverse-sorted intraday by the biggest red/downs
Looks like a lot of energy selling
And PFE is down more than -3%

[Al_Dente]

UK Warns Of Highly Infectious New Coronavirus Strain Discovered In Southern England

[Cobra]

Members only update at 12:32 pm
http://www.cobrasmarketview.com/2020/12 ... ay-update/

[Cobra]

40% chances of double bottom here as it looks more like a descending triangle now.

[Al_Dente]

VOLATILITY
Buying puts, VIX (red)
divergence
Notice the QQQ has held up better than SPX
and VXN options traders are buying more calls than puts (black arrows)
15 min, can change quickly

[JFR]

ES daily. Sideways. Halfway between the EMA 20 and the high of Dec 9.

[JFR]

SPY 5. Fills its opening gap.