01/02/2019 Live Update

[Cobra]

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the pullback isn't over yet? the rebound overnight looks like a bear flag.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2019/01 ... ay-update/

[JFR]

Gap down on ES, NQ, YM and IWM.

[Trades with cats]

ES in a 69 point range so far. Waiting to see if North America is anywhere as wild as the Asian markets were last night.

[JFR]

Shark infested waters. Very dangerous.

[te_fern]

Is there a way to take out the holiday from stockcharts charts??? Messing up the view on 2 day charts!!

[Trades with cats]

Clearly ES 2500 should be the goal today. However, ES 2485 zone (Bottom of Monday's range) should be achievable, eventually.

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[JFR]

Tight range. So far. One would expect some big moves as the day goes on.

[JFR]

Trying to break out of the range.

[JFR]

Breaking past the Pivot.

[Trades with cats]

And call up the buy programs.

According to my twitter feed they need to get this market moving up. IF it gets down around ES 2450 or so then all that cash that was raised at year end and is looking for a home won't just get into different stocks, the Pension fund rules will require a committee meeting.

[JFR]

What’s driving the market?
Investors kicked off the new year with fresh angst, driven by worries over the health of the world’s second-largest economy, China, which has fueled an aversion to assets perceived as risky. - MarketWatch

[Trades with cats]

My poorly done trend lines on the 2,000 tick chart say we are struggling. Sure looks like those buy programs generated a flag pole with a pennant flapping in the breeze. Waiting for more programs to kick it above 2,500.

Whoops, had to edit to put in the correct chart, my bad.

[JFR]

Seems like a heavyweight boxing match. China fears and other negatives versus mutual funds and other big fish. One expects a rough ride.

[Trades with cats]

I am running three Keltner channels off the EMA, 1.618 ATRs. 2.618 ATR's and a 4.236 which is invisible for most days. The 2.6 lower Keltner is now sitting at VWAP . Expect a bounce there (ES 2480 ish), but of course the Market will decide for itself!

[BullBear52x]

Stockcharts.com finally catching up. the chart were all over the places this morning.

[Trades with cats]

Globex session daily volume profile point of control is showing significant pull today (ES 2490).

[JFR]

Howard Cosell calling the match: "China scoring heavily with jabs. Funds connecting with an uppercut."

Taking a break. Back later ...

[Trades with cats]

Evil site claiming Chinese manipulation causing the huge crude spike today.