10/15/2021 Live Update

[Cobra]

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This bull shall have legs.

Gap up above yesterday's high so likely it'd be a trend day either up or down.

[JFR]

SPY 15. Ain't no quit in them bulls. Pbars --> Bears setting their markers, in my opinion.

[BullBear52x]

I am not bearish, but we are entering sell the rip zone on daily trend following setup.

[BullBear52x]

Another Gap, buyers are acting like there's no tomorrow. too good?

[JFR]

Index ETFs.

[JFR]

Alternatives.

[JFR]

SPY daily. "To the Moon, Alice." At a resistance point, however.

[BullBear52x]

/ES under 4445 = sell ; above 4455 = Buy

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/10 ... ay-update/

[JFR]

ES 5. The bulls have money to spend. Testing higher.

Back later ...

[Al_Dente]

XLF
gap to ATH

[Mr. BachNut]

Quick update...

NYMO hitting the upper Turn Zone this morning.
We'll see where it closes, but either a reversal coming (next week?) or this is a breadth thrust to kick off a new bull run.

One up gap closed and a down gap opened.
Another up gap set to close a few handles higher.

Still short but my breakeven stop approaches.
So, may only be left with scale profits.
Long setups percolating.

P.S. October is known as the bear killer. Has a way of finishing strong despite a poor start or middle.
Let's see if it holds up to this reputation.

[BullBear52x]

Intraday blah blah, stop 57ish. bulls are weakening now. if stop out will sit out, and wait for new sell setup.

[BullBear52x]

That was quick. no harm gain of 2 handles for the bull run. haha will sell next sell setup.

[Mr. BachNut]

Some food for thought...

The last time VIX was this low, we were at all time highs.
Perhaps a bearish divergence or bullish room to squeeze more.

As a gapaholic, I am compelled to point out a bunch of open VIX gaps.
We now have four above and two below.
Two of these occurred in the last two days.
It is fair to anticipate that all of these will be closed someday.

If VIX closes around current levels, it will be one of the lowest closes of the year.
So far this year, after a VIX close this low, any price gains in SPX have been retraced eventually.

Given how much the options market is the tail that wags the dog these days, I am inclined to stick to my view that I don't have a clue about what will happen.

[Cobra]

The pullback might be bought but it's enough to argue it's just a range day.

[BullBear52x]

If this buy the dip setup fail it will be a down trend day. I am not buying because of earlier price action is weak. will sell next sell up instead. will see.

[BullBear52x]

sellers are weak also, sideways range day today is what I am seeing right now, no trend. well, it is Friday

[BullBear52x]

I am selling now, tight stop. last trade for today, why waste time when market doesn't know what it wants to do. Go Bear or Go home.

[BullBear52x]

This is how I trade bull flag Okay I over posts now. Peace!