01/20/2022 Live Update

[Cobra]

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Double bottom or not, wait and see.

Gap up but within the yesterday's range so likely it'd be just a range day.

[JFR]

ES daily. Finding some support, for at least a pause, at a key level. Well down from the top.

[JFR]

ES 60 minutes. In a tangled, tight base. Needs a breakout. Just beneath the Pivot.

[JFR]

SPY 15. Above the previous close. A hammer candlestick hit down to that close.

[BullBear52x]

Fear index will guide me, very over sold now. entering honey hole special. dead cat bounce area.

[JFR]

ES five minutes. The base is getting tighter and tighter. Needs a breakout.

[JFR]

ES five minutes. Somebody lit the candle.

[BullBear52x]

Inside day, treat it like Cobra mentioned above, bears need to keep it under 38.2%

[JFR]

ES five minutes. There is some wild action happening. Seems like a roulette wheel.

[JFR]

Dow 30. About even, maybe slightly more green.

Back later ...

[JFR]

Most of the sectors are up.

Later ...

[BullBear52x]

This sell fails then bulls can have the day, no LL from here then it's sideways to up. first thing firsst.

[Al_Dente]

NFLX reports after the bell. Netflix typically beats Q4 earnings expectations. However, some Wall Street analysts anticipate weaker results this time. (CNBC)

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2022/01 ... ay-update/

[BullBear52x]

Last sell failed. bullish now.

[BullBear52x]

Expecting a dead cat bounce, got it, now hope that the run up can pass this resistance level to gain a bullish reversal in price action. failed here will just good bye kiss. so far so good./ES

[Cobra]

The breakout 3 bars ago could mean it's an uptrend day but since it's within the yesterday's range so I'll treat it as a range day anyway.

[Trades w 2 Cats]

The week so far. Do note that yesterday's VPOC was at the low going into the close. Seems pretty unusual to me.

Tomorrow is the absolutly huge options expiration so there could be volatility. Monday all those billions in notational deep in the money calls are gone so next week we will see what the big boys will do. I think we get liftoff from the FOMC meeting simply because Powell is not interested in crashing the market. Time will tell.

[Cobra]

The pullback probably will be bought.

[Al_Dente]

...
Tomorrow is the absolutly huge options expiration so there could be volatility. Monday all those billions in notational deep in the money calls are gone so next week we will see what the big boys will do. I think we get liftoff from the FOMC meeting simply because Powell is not interested in crashing the market. Time will tell.

Pundits consensus down tomorrow because of huge OPEX.
So if ALL think down ..... contrarians please note ...