04/26/2018 Live Update

[fehro]

nibble short here.. look to 20d retest 2650ish.. that goes.. mind the gap look to fill

a touch to early.. try again…

triangle… no 20d SMA test yet .. close.. sideway chop?

[Cobra]

rebound as expected. now let's see the pullback part, if making decisive new high instead then bulls have more up rooms to go, so key time.

[Daniel]

QQQ consolidating for hours around the 161.50 level.

[fehro]

QQQ consolidating for hours around the 161.50 level.

20d SMAs hold… INDU + 207 TRAN -128

[Daniel]

Even tho SPY and QQQ are near their HOD, up/down volume and to some extent adv/dec metrics have weakened since the open. Breadth is diverging a bit.

Also, American Airlines missed EPS estimates and was down >4% earlier, this dragged down several other airlines; also UNP was down nearly 3% and this affected the Rails.

[Cobra]

bias is up

[Daniel]

Breadth is diverging a bit.

Since this posting, that tendency/trend has reversed itself, Naz advancers esp. NAADV is near its HOD, with fairly strong absolute numbers.

[fehro]

grind up continues.. divergence.. not all indexes nHODs or VIXes nLODs… yet..

[fehro]

grind up continues.. divergence.. not all indexes nHODs or VIXes nLODs… yet..

next resistance here at yellow 2668.50 with /ES 2666.75 resistance

[Cobra]

bias still is up.

[Cobra]

by the way, it's actually 100% mm

[Daniel]

Naz, NYSE advancers near their fresh HOD, but up/down vol on both exchanges has not yet returned to the strong earlier levels near the Open.

[1der]

AAPL not part of this party. now new LOD.

[fehro]

for the crazy move.. look to gap fill -30points from here.. 20d SMA still key 2652.60 SPX

[Wallstreetrader]

False alarm srr

[fehro]

SPX next resistance SPX 50d 2689ish..

[fehro]

SPX next resistance SPX 50d 2689ish..

[Cobra]

sudden big bull bar after being up for a long time, sometimes this means the high of the day, at least a good book profit point.. Let's see.

[Trades with cats]

This last leg up looks like a weak high that could easily reverse. ES 2657 to 2660 has today's POC, VWAP, Median and R1 pivot and is the center of a decent looking volume profile distribution. Hollow node at ES 2665 would be the first target if selling starts. That is an IF as it sure feels like we are closing in on the end of the month positive moves.

[fehro]

DXY nHOD again .. 91.63.. dollar still pushing hard up