04/16/2019 Live Update

[BullBear52x]

Wishful thinking, I am back on bears wagon.

[Daniel]

GLD down 1%. GDX down 2%. But SLV still about even on the day...

[BullBear52x]

/ES a bearish reversal here is clear unless bulls can regain the upper trend level above 2915ish.

[BullBear52x]

Ding ding ding

[Daniel]

..back on bears wagon.

SPY has now touched Cobra's indicated warning line 4 times, and is hanging by its fingernails. But IYT (transports) is above daily vwap, and closer to its HOD than its low...

[Trades with cats]

You can see that the ES order book is not showing any significant buy level defending the down side. Some at prior important levels, as always, like the overnight low.

[Al_Dente]

SPY $290.24 ATH 9/21/18 (better double check that)
SPY today’s intraday high $291.01 ATH
But not yet SPX

CNBC has been talking all morning about a brief ATH on the nasdaq

[Daniel]

Spectacular move up the RS rankings today by KRE. XHB also is gaining strength thru the session. IYR is still dismal-- down over 2%.

[Al_Dente]

RSP, the equal-weighted SPY, has been confirming the rally since Jan
BUT NOT TODAY

[Daniel]

(Was that just now a gap fill on SPY? A near miss? A sorta gapfill?)

In any case, bears beware a 'fade the fill' reaction, as price is near ATH.

[Cobra]

touch again then breakdown as expected. the up and up in the past days were way earlier than now so looks like today might not have up and up anymore, let's see.

[Trades with cats]

Looks like it could be a bottom, which would be the day's low, normally. VWAP at ES 2915 just 3 points away so pretty likely target.

[Al_Dente]

BREAKING:
AAPL
will donate $1 MILLION EURO for Notre Dame repairs
plus a matching something something and etc

[Al_Dente]

AFTER HOURS:
IBM
NFLX

[BullBear52x]

The earlier possible bottom failed, that was strike #1.
now we have a possible bottom again, new LOD will be a strike #2.

something new to say the least. intraday rips will be sold now too.

[BullBear52x]

38.2% resistance zzone.

[Trades with cats]

Have had a lot of double bottoms recently, but of course the V is always a popular and a classic pattern.
Maximum frustration would be a return to the prior range and stay stuck until closing,

[Daniel]

IWM strong! Strong dog. But.. now running into a multiday downtrend line.

[BullBear52x]

The lady will not sing until 2908 is visited.
Then....maybe better buy there but the day is getting old.

[Al_Dente]

HAPPY HOUR