Cobra's Market View

zh says testimony starts at 2:15 pm ET

horizontal levels break here to the upside look for explosive up moves.. RUT at 20d/50d SPX 50d for total craziness

TICKs are still positive, above their MA lines....

fehro wrote:horizontal levels break here to the upside look for explosive up moves.. RUT at 20d/50d SPX 50d for total craziness

over yellow line some see invs H&S look for +120 point move up for uber bulls

Coolbizone put this head and sholders forecast up this morning SPX, potential a Cool Combination coming up IHS break above 2672 and in a Wave (iii) of [iii] of a Minor 3 going forward.
Below 2610.79 is a ST invalidation.

Starting to look like this morning's high is unobtanium.

If making a double top need to drop before Zuckerberg says anything an algo can interpret or it won't count in my opinion.

“…was Xi's speech really such a profound "risk on" catalyst, or was it just algos mistaking a token statement by a Chinese bureaucrat…”
CITI READS THE SPEECH IN THE ORIGINAL CHINESE:
Citi: "a careful read of the original … reveals that the speech was more a reiteration of existing commitments rather than new major initiatives or concessions to Trump."
Citi reminded us that what Xi said has been said many times before
Citi conclusion: "the trade war has the risk of further accelerating before eventually cooling down …”
https://www.zerohedge.com/news/2018-04- ... to+zero%29

Meanwhile everyone is obsessed/distracted by Zuck, starting now...

a trio of inverse H&S
NOT confirmed until they bust the necklines
15m

Did she say he SOLD IT TO CAMBRIDGE for $800,000

Pays to kiss Sen Feinstein's ring in an advance private audience.

Trades with cats wrote:So this is very definitely NOT NORMAL. Wondering if someone with deep pockets is testing market capacity, or if they just have a really really bad trader working for them.

I think it is a setup.

They know something which will probably come out after the close and give a big drop

SPX seems stuck in this tight channel waiting on some kind of resolution to things....

maybe bulls are winning, breakout above the upper blue line now looks more likely.

HAPPY HOUR

Pulling back for another try up???

Here we go.....

HODs
BUT NOT ON $INDU

And another fake out? Come on it is just the morning high.

breakout as expected.