09/28/2021 Live Update

[Al_Dente]

The day is still young, but the down volume ratio is not giving us a buy-spy signal yet
DAILY

[Al_Dente]

Traders Watching Spot VIX
TODAY
CBOE
https://www.youtube.com/watch?v=9EbMXjTu-Is

[Al_Dente]

INTRADAY:
CALL buyers higher low
SPY lower high
SPY price always rules, but options indicate sentiment
(Obviously both change quickly)

[Cobra]

We had the revisit, now volume surge, should be a rebound here first, let's see whether bulls are able to make a double bottom here.

[Trades w 2 Cats]

Trying out a new chart style, a multiple of my trading chart. Fat Tails at Lizard Indicators has changed his Chandnee Kroll stop to be tan during chop and blue fill when trending. It goes nicly with his version of Perry Kaughman's efficiency ratio. I am also using his version of the Fib Ratio envelope centered on the EMA.

Tells the story of a market range bound around the 4350 options gamma. AND waiting for the House to pass a clean continuing resolution so the Government doesn't shut down. I need a GIF of Speaker Pelosi morphing into Monti Hall.

[Cobra]

Double bottom text book target. Still a down from open to close day has been rare. Most down day has sharp rebound before the close.

[Al_Dente]

THE ELEVEN SECTORS on the daily:
Nobody is doing what they’re “supposed” to do:
SPY down, bonds up. NOPE
SPY down, defensives (xlp, xlu) up. NOPE
I guess that’s risk-on, I don’t know anymore ……….

[Cobra]

The pullback will be bought? Not sure.

[Cobra]

Members only update at 3:32 pm
http://www.cobrasmarketview.com/2021/09 ... ay-update/

[Cobra]

Members only update at 3:47 pm
http://www.cobrasmarketview.com/2021/09 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381

[Al_Dente]

“Open call” search for a new chief of the Boston FED
[Requirements: no history of trading on inside information; try your best to be a minority.
I have a candidate for you: Jeremy Rudd, see below]
https://www.reuters.com/article/usa-fed ... SL1N2QU2DM

SAVE FOR LATER…. MUST READ
[Jeremy Rudd, a CURRENT senior Fed economist, trashes the entire industry of ECONOMICS, on the Fed’s own website. He’s not a newbie rookie: He is senior adviser at the Fed Board’s research and statistics division. He has served at the U.S. central bank since 1999, having gotten his graduate degree at Princeton] :
“… the primary role of mainstream economics in our society is to provide an apologetics for a criminally oppressive, unsustainable, and unjust social order.”
“ Economists ... believe that … expectations of future inflation are a key determinant of actual inflation. A review of the relevant theoretical and empirical literature suggests that this belief rests on extremely shaky foundations, and a case is made that adhering to it uncritically could easily lead to serious policy errors “

https://www.federalreserve.gov/econres/ ... 062pap.pdf