01/31/2019 Live Update

[Cobra]

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the pullback will be bought?

[Cobra]

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

[JFR]

The market opens near yesterday's close. Stuck in a range for 10 days, awaiting a breakout. Up? Down? Anybody betting the mortgage? Hedged and careful? Ah, I see ...

[JFR]

Negligible gaps on ES and NQ. Gap down on YM and IWM.

[Cobra]

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

[JFR]

Running hot. Except the DOW. Back later ...

[Trades with cats]

Overnight double peak next challenge.
FT71 was thinking 2694 then creeping on up to 2700. Also he showed a very large and patient sell block at 2695 that did not change yesterday as the market advanced. Similar buy block at 2669.

[Cobra]

i have a dream

[Cobra]

key time, no sharp pullback in the next 5 to 6 bars then it's uptrend day otherwise it's just a range day.

[Trades with cats]

Looks like a short squeeze with that pool of orders at 2695 as the prize. Now we go back to actual trading, so we will see.

[Cobra]

consolidation, bias is up. likely uptrend day.

[Trades with cats]

This new leg has gone parabolic. Also reached Coolbiz estimate for the top for now.

8:27 am West Coast- "SPX may peak near 2705-2708 for Minor 3 ,a pullback for Minor 4 after to 2665-2680 and on to Minor 5 after beyond 2740-2780-2810 area,TBD @2699.65 now"

[JFR]

All running hot. Even DOW, the laggard, is trying to get some lift. The big boys are buying. Not that they have much choice.

[Cobra]

members only update at 12:05 pm
http://www.cobrasmarketview.com/2019/01 ... ay-update/

[fehro]

Critical time 50w SMA is VERY close SPX 2730 .. could be the short of the next 2yrs.. 2001/2007 stalled at 50w SMA

[Trades with cats]

Google search said (Linda Raschke, you should listen to her lectures)spike and ledge pattern, draw a box. Take the first bar that is outside the box. Worked once today, waiting to see if lighting strikes twice.

[luckystar2006]

ES=2708.xx is very likely the peak for today. It might get tested again after this mini pull back is over.

[Al_Dente]

Banks are weak today, blame BAC, popped below its 200-day-sma today, and is testing its big earnings gap

[Cobra]

the pullback probably would be bought around ema20.

[luckystar2006]

January is about over which I only placed 58 trades in total (normally more than 100-200 trades a month due to travelling.) Among those trades, 53 trades were winners and 5 were losers with each average loser is ~0.10%. Let's see what the end of next February will bring.

I'm off to travel again this weekend. Will see everyone about 10-day later.