04/03/2018 Live Update

[Cobra]

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no idea up or down from here...

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/04 ... ay-update/

[fehro]

SPX opening at 200d SMA… 2589.85ish…. mind the gap fade.. we can't close over the 200d SMA, and close under 50w SMA.. look to a possible 2yr downtrend.. into May 2020.

[brokebybernacke2]

SPX opening at 200d SMA… 2589.85ish…. mind the gap fade.. we can't close over the 200d SMA, and close under 50w SMA.. look to a possible 2yr downtrend.. into May 2020.

well that is a downer ! the weekly numbers (circle mania!) hinting at we are getting close to a decent bottom of some sort, ? to me is how much more down?? a lower low or turn b4? many folks looking for a new low, maybe we dont get it? weekly bolly at 2548 and weekly 50 at 2565, watching that zone close for a turn, all up to jobs this friday then earnings!

[te_fern]

Can we hold the first pull back...

[fehro]

SPX opening at 200d SMA… 2589.85ish…. mind the gap fade.. we can't close over the 200d SMA, and close under 50w SMA.. look to a possible 2yr downtrend.. into May 2020.

to me is how much more down??

SPX 2007 highs worse case 1550-1450 in next 18-24 months.. if we enter bear market.

[te_fern]

Playing the short side today...

[Cobra]

members only update at 10:08 am
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Cobra]

morning hourly filled black bar. the implication is on the top left of the chart itself.

[te_fern]

Watching the blue line for resistance.... Tight stop...

[Trades with cats]

Nice bounce off the opening gap fill

[te_fern]

Knocked out for a cup of coffee. Yesterday was the day to play this and I missed it. Ha!

[Trades with cats]

Pretzel Logic downside ES targets
2440.59
2350 +-
2230-2258
these are intermediate targets.

[1der]

ES wants to check the mailbox at 2605 for the next clue??

[Al_Dente]

NYAD +953, regained the opening bull bias

NY advancing stocks = 1.9 x declining stocks
NY advancing volume = 2.6 x declining volume

Nasdaq advancing stocks = 2.1 x declining stocks
Nasdaq advancing volume = 1.1 x declining volume (= no volume behind the buying...yet)

[fehro]

SPX near resistance zone.. triangle retest.. nibble short 2607ish

[Cobra]

this bull may have legs.

[daytradingES]

looking good now fern

[Cobra]

max pullback target. exceeds it then bulls still no hope today.

[fehro]

SPX near resistance zone.. triangle retest.. nibble short 2607ish

SPX trying hard to hold 200d SMA 2590.67… it goes.. 2580 next key level.. that breaks.. look for sharp drop to previous low 2553, 2532, then open gap 2473.-2461