02/01/2021 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

========================================================================================================================================================================

There're chances the low was in but generally there'll be a higher low revisit to compete the pattern which may happen upon open.

[JFR]

ES daily. Still in the pullback. Approaching the EMA 20.

[Cobra]

The members only update starts here: http://www.cobrasmarketview.com/2021/02 ... ay-update/

[BullBear52x]

No man's land. back inside the balanced area. not easy to trade. agreed with Cobra, sell rips first I think.

[JFR]

ES NQ YM. Overnight/weekend gap up.

[BullBear52x]

That's quick one.

[JFR]

Dow 30. Mostly green. AAPL leading the parade. WBA trailing.

[JFR]

ES 1 min. Uh oh. Scalp long might be about to head south. Whatever ... It's all in the game.

[JFR]

ES 1 min. Ouch. Moving down to support.

[BullBear52x]

Magnet, half out there. and get a pop corn.

[JFR]

ES 1. Strong selling action. What are the RobinHood kids doing today? Do they play short too?

[BullBear52x]

When you start the day with 20 handles under the belt, Life is good

[JFR]

https://www.marketwatch.com/

2021-02-01_06-54-40.png (187.28 KiB) Viewed 2166 times

[BullBear52x]

Cash SPX Fib, Inside day, but bears need to keep under 38.2%

[JFR]

RTY 1. Dinged on ES. Made up on RTY. Good action today.

[JFR]

What's worse, caffeine or sugar? Gotta be sugar.

2021-02-01_07-06-48.png (156.58 KiB) Viewed 2153 times

[BullBear52x]

Bears should get 3705, anything more than that is a home run today.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2021/02 ... ay-update/

[Mr. BachNut]

Quick update:

NYMO cycle is down, but Friday's price lows came with a positive NYMO divergence.
As the NYMO low was in the turn zone, it is possible the cycle low is in.
We shall see. In any case, a corrective NYMO trip to the zero line may be in order.
Bears want a lower NYMO low to confirm the price low but may not get it.

We have a gap sandwich. So, it will be interesting to see which gap closes first and if there is a turn there.

I am short SPX and R2K as of Friday. Two profit units in each were scaled out last night.
I neglected to put on a breakeven stop after the scaleouts for Sunday night's after hours session (been picked off too many times...).
Oh well, probably some leakage there. So, I will hold or flatten on a discretionary basis as things unfold.

[JFR]

ES 1. Poking its nose above resistance.

Taking a break ...