10/08/2021 Live Update

[Cobra]

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Lower high or not, wait and see. Sharp down then there're chances the rebound was over.

Flat open so likely it's just a range day.

[JFR]

SPY 15. Quiet overnight. Up a bit from the previous close.

[BullBear52x]

Open is important today, a continuation of yesterday's low or reversal. leaning bearish over all unless. key pivot 4400 /ES

[Al_Dente]

just 194,000 nonfarm payrolls were created in September. The consensus estimate had called for 500,000 additions. (CNBC)

[BullBear52x]

intraday LL will be down trend day me thinks.

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2021/10 ... ay-update/

[BullBear52x]

Very fighsty. will see bulls or bears.

[JFR]

SPY 5. Craziness before the open.

[Al_Dente]

More calls are being bought than you’d expect

[BullBear52x]

Daily Shooting star baby, comes for bears.

[Cobra]

Testing day low, let's see whether bulls can make a double bottom here. My guess is a rebound at least then we'll see.

[Mr. BachNut]

Gap sandwich at the middle keltner band.
Looks like an undecided market.

Of note is the current price divergence.
NYMO is showing a nice climb, but price isn't.
Unusual for this bull market.
Because price rules, these divergences call for mindfulness.
Let's see what happens.

Still short SPX with long setups percolating.

[Mr. BachNut]

There is also a bit of a VIX divergence today.
VIX is down 5% but SPX is pretty flat.
Perhaps the options dealers are pinning the index today.

[JFR]

SPY 5. Two words to describe this. Ughh. Lee. AFK, not trading, but observing occasionally from the tablet.

[Al_Dente]

More calls are being bought than you’d expect

108calls.png.jpg

Same thing is happening in SMALLS
calls are being bought
(1/RVX)

[Al_Dente]

Is the stock market open or closed on monday?

[Al_Dente]

Reportedly, oil futures hit $80 barrel this morning

[1der]

Is the stock market open or closed on monday?

Stock markets closed, futures/options are open is what I see.

[Al_Dente]

OIL NOTE:
XLE average daily volume is 34million shares
ERX is 2x (NOT 3x) and its average daily volume is 3.7million shares
This is daily XLE testing double top

[Al_Dente]

Is the stock market open or closed on monday?

Stock markets closed, futures/options are open is what I see.

THANKS BOSS