05/05/2020 Live Update

[BullBear52x]

Good support at mid band but look at TRIN, internals are not healthy for this support.

[BullBear52x]

Nasdaq is what hold up this market will see how much the few big tech can sustain this.

[Cobra]

Too bad, break the line below would be double top. 60%+ chances break.

[BullBear52x]

[Cobra]

Broke as expected. Here's the double top text book target. 40% chances.

[Cobra]

Target met, not looking good, must be certain news.

[BullBear52x]

Fib measurement from Friday, need to be down and under there for bears.

[MrMiyagi]

Target met, not looking good, must be certain news.

Fed's Richard Clarida made some comments about economy, something about 'persistent weakness' but sees no increased risk of recession.

[BullBear52x]

Chart for the road: Market profile POC is sitting at 2850, we will settle there all night tonight then tomorrow continue the down side. Peace!

[jademann]

Well that was bad news for the bulls. It broke the strong swing trade move..

[Heck]

New lows below phantom zone bro's

Where market closes
More important than
Where it opens ?

Amateurs vs Professionals?

[Heck]

Target met, not looking good, must be certain news.

Fed's Richard Clarida made some comments about economy, something about 'persistent weakness' but sees no increased risk of recession.

Already 100 % ?

[Cobra]

Members only update at 3:56 pm
http://www.cobrasmarketview.com/2020/05 ... ay-update/

[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

[JFR]

ES 5. Back where the day session started.

[Cobra]

Target met, not looking good, must be certain news.

Fed's Richard Clarida made some comments about economy, something about 'persistent weakness' but sees no increased risk of recession.

Thanks!