Back to www.cobrasmarketview.com

03/16/2021 Live Update

Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/16/2021 Live Update

Post by Trades w 2 Cats »

Daylight Savings starts in England Sunday March 28
ends Sunday October 31
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/16/2021 Live Update

Post by JFR »

SPY 1 minute. Prices are trying to move up, as is the wish of the bulls. But the bears are not having it. Taking a break ...

2021-03-16_10-18-51.png
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/16/2021 Live Update

Post by Trades w 2 Cats »

The spike at 12 Central is being called an outstanding treasury auction of 20 year paper.
User avatar
JFR
Posts: 10127
Joined: Sun Dec 02, 2012 7:24 pm

Re: 03/16/2021 Live Update

Post by JFR »

SPY 5. Big, fat double bottom. Hope for the bulls? Dunno about that. The bears are active today. Some profit taking. Some short selling at the top.

Screenshot_20210316_110713.jpg
Charts posted are not recommendations. They are just a sharing of information.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/16/2021 Live Update

Post by Trades w 2 Cats »

Oh man what a great signal on yesterdays close. Classic double test from below and down it goes. So much for back to today's open. Going to take some serious cash just to get back into the opening range. Hope they save some sell off for Powell tomorrow, would hate to ruin his losing streak, Ha Ha.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 Live Update

Post by Cobra »

More than 100% measured move down so probably there's another leg down after a rebound.
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
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 Live Update

Post by Cobra »

Wrong measured move in the previous post, fixed it. Also missed the consolidation before break down pattern (red arrow) was busy on something else.
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
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 Live Update

Post by Cobra »

Very strong rebound, seems bears were over again.
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.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/16/2021 Live Update

Post by Trades w 2 Cats »

That 3948 area was a big deal yesterday. Looking like it is significant again today.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 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.
User avatar
Al_Dente
Posts: 28535
Joined: Thu Jul 21, 2011 2:29 pm

Re: 03/16/2021 Live Update

Post by Al_Dente »

four hour chart
top of the channel (lime trend lines)
perfect place for a pause
FWIW
316four.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Trades w 2 Cats
Posts: 1695
Joined: Tue Dec 15, 2020 3:48 pm

Re: 03/16/2021 Live Update

Post by Trades w 2 Cats »

ES 06-21 (8000 Tick) 2021_03_16 (2_40_20 PM).png
Solid blue then red line is VWAP and the dash dot is the Mid. Makes it very clear who is in charge through Friday. You know Powell will stay on script tomorrow so no big moves while we wait for the New York banks to put all the options premium in their pocket while unloading the mandated 10% underlying hedged positions. Next week when I am on the road will be the big moves.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 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.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 03/16/2021 Live Update

Post by 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

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.
Post Reply