Back to www.cobrasmarketview.com

01/24/2022 Live Update

User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 01/24/2022 Live Update

Post by Mr. BachNut »

Mr. BachNut wrote:
Mr. BachNut wrote:October low just pierced.
On the index not the future.
Another 10 handles for that.
Now pierced on the future too.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 01/24/2022 Live Update

Post by Mr. BachNut »

Mr. BachNut wrote: There is also a big gap from the July low waiting to be filled at SPX 4258.49.
Gap closed.
Quite a day we are having.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 01/24/2022 Live Update

Post by Mr. BachNut »

While the index is making fresh lows on the day, the VIX is below its morning high.

I believe we have a divergence here...
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/24/2022 Live Update

Post by Cobra »

More than 100% measured move down so probably it has another leg down after the rebound which might be now as I see volume surge and biggest red bar.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

I am hoping in the north bound train now, the water is cold but it will be sunny today. :lol:
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 01/24/2022 Live Update

Post by Trades w 2 Cats »

MES 03-22 (950 Tick) _ ES 03-22 (2000 Tick) 2022_01_24 (10_58_15 AM).png
Pattern looks like a bottom. We will see.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

for dips buyer lets imagine that today we have a positive price action, and tomorrow gap up to create Island reversal, will that be a nice day tomorrow instead of upsetting and damning the power that be. :P

***Holding overnight if you are not well in the money is a dead wish.***
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/24/2022 Live Update

Post by Cobra »


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 01/24/2022 Live Update

Post by Trades w 2 Cats »

ES 03-22 (12850 Tick) 2022_01_24 (11_02_07 AM).png
Captain obvious here. Pretty sure that ledge at todays VPOC needs to be cleared to confirm the low is in.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

Trades w 2 Cats wrote:
ES 03-22 (12850 Tick) 2022_01_24 (11_02_07 AM).png
Captain obvious here. Pretty sure that ledge at todays VPOC needs to be cleared to confirm the low is in.
/ES volume is 1.8+million contracts traded today atm. well, this should be high enough any more than this people who sell got nothing left to sell any more besides the kitchen sinks.
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2022 Live Update

Post by Al_Dente »

MARGIN SELLING
[CNBC now, Najarian]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
jademann
Posts: 1032
Joined: Wed Aug 22, 2012 10:49 am

Re: 01/24/2022 Live Update

Post by jademann »

Looking at the VIX I thought we were due at least one bounce to the blue 20EMA but apparently not yet..
I wonder how much more Vlad has to unload..
Attachments
Capture.JPG
My comments were dictated to me by homie the clown
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2022 Live Update

Post by Al_Dente »

DOW DOWN 1,116 points
(your numbers may very)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

Wow hite 2324 my ultimate level. over shoot the falling wedge. let see if market can tank 50 more points :shock:
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

3 push down? will see one more buy before I give up. been selling the whole morning didn't see this coming this far.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 01/24/2022 Live Update

Post by Al_Dente »

Screenshot 2022-01-24 102849.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
Posts: 1694
Joined: Tue Dec 15, 2020 3:48 pm

Re: 01/24/2022 Live Update

Post by Trades w 2 Cats »

When the bounce starts options market makers will be dumping short hedge positions, equal risk funds will stop selling and Goldman's cooperate buy back desk is now fully functional with 5 billion a day to distribute. Just saying.
User avatar
BullBear52x
Posts: 29511
Joined: Tue Feb 22, 2011 3:47 pm

Re: 01/24/2022 Live Update

Post by BullBear52x »

To have a positive price action, bulls will need to trade above this 38.2%, easy peasy right? lets go Bulls!
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
Cobra
Site Admin
Posts: 58333
Joined: Sat Feb 12, 2011 10:29 pm

Re: 01/24/2022 Live Update

Post by Cobra »

It's the very first touch of EMA20 in 2+ hours usually attract some sellers as they can finally sell a higher price so watch for EMA short setup.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Mr. BachNut
Posts: 2688
Joined: Thu Feb 24, 2011 2:28 pm

Re: 01/24/2022 Live Update

Post by Mr. BachNut »

It's probably not a good sign that the 200MA appears to have offered zero support. :(
Post Reply