04/20/2018 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.

=============================================================================================================================================================================

double bottom or not, wait and see.

[Cobra]

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

[fehro]

/ES mind the triangle… H&S on SPY yLOD goes measured move -$3.85 from yLOD.. "IF" we break down hard.. mind all the open gaps under us

[fehro]

SPX mind the gaps

[fehro]

AAPL nLOD gaps under 20d/50d racing to 200d 165.54

[fehro]

look out below… 50d's are slipping

[Trades with cats]

Looking like we are going to creep down to the overnight low if this last support area doesn't hold. Clearly two way trading all the way down this morning, refuting the value proposition the European time zone traders put on the table in the middle of the night.

[Cobra]

members only update at 10:02 am
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Trades with cats]

Same chart, 24 hour view. Bottom box is volume between zig zag points. I turned the zig zag line off but the highs and lows with ticks and bar stats are still printing. Point is this is pushing the envelope for not having some sort of reversal. Maybe it is all the less significant counter trend failure moves this morning allowing buyers plenty of opportunity to get in, similar to yesterday afternoon.
Whoops, meant second leg yesterday late morning.

[Cobra]

feels like a range day, may test yesterday's low.

[Trades with cats]

Mission accomplished, err, I meant back to VWAP. Now we find out if there is going to be a second leg or if it is a range day. Range would be appropriate boring for options expiration.

[Trades with cats]

Pretzel Logic pointing out that an impulsive decline from yesterdays lows would signal a change in trend and make a retest of the Feb lows a very real possibility. So we will see if who ever is doing all this careful selling today gets reckless and breaks things or not.

[Trades with cats]

[Trades with cats]

Sorry, I keep forgetting to explain. That is Slim Pickens riding the nuclear bomb from Dr. Strangelove.

[100sma]

Price is heading to the hourly 200 sma (ES). I think it's possible support area.

[fehro]

SPX support.. does it stick? if not look out below! Gap filled

[Trades with cats]

Daily chart with regression channel for the ending diagonal. Elliot wave, according to Pretzel Logic says that diagonal can be retraced in half or less of the time it took to create. Coolbizone, the other wave counter I follow is also gone bear, as of yesterday.

[Al_Dente]

AD
NY declining stocks = 2.9 x advancing stocks
NY declining volume = 2.4 x advancing volume
(these were 2x and 1x just an hour ago)

Classic psycho smalls in the last hour
TNA Monster squeeze for no reason (other than short covering)
Covering is finished; monster down
“hard to trade” is an understatement
2min

[Al_Dente]

Price is heading to the hourly 200 sma (ES). I think it's possible support area.

hey new guy
welcome
nice chart

[Trades with cats]

Yesterday's range was over 30 points with about a 12 point bounce off the low in the last two hours of RTH (regular trading hours).Today's range is a little less, so far, but the selling started almost immediately. IF there is no news to make this a green day you know Cobra will have stats saying more selling ahead AND the end of the week sell off will weigh heavy on the extended hours open Sunday night. At this point all the London/Frankfurt longs have gotten whacked by the market.