04/09/2020 Live Update

[Cobra]

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No idea up or down from here, seems a good news before the open therefore 2 strong bull bars so far.

[Cobra]

Members only update starts here: http://www.cobrasmarketview.com/2020/04 ... ay-update/

[brucekeller]

We probably fade on Powell's 10AM speech. But that daily 50MA being so close to the 61.8% retrace is such a pretty target.

[JFR]

ES 5. Strong move up starting one hour ago.

[Heck]

SPY SELLING < 280.61 edit

[JFR]

ES daily. Up off the EMA 20.

[JFR]

Dow 30. RTX, DIS and BA leading. WMT and UNH trailing.

[BullTart]

negative divergence on the ES hourly continue to build... when this thing turns, it will turn hard

[JFR]

ES 5. Trying for a breakout above resistance.

[Junior Buffett]

back to old good days...up up and more up! hahaha

[JFR]

ES 5. Poking its nose above resistance.

[Al_Dente]

5min internals
bottom panel: nas volume should be stronger

[te_fern]

Has reached the top side of this channel....

[Al_Dente]

Powell is on cnbc
he'll probably detail the fed intervention announced earlier today:
https://www.cnbc.com/amp/2020/04/09/fed ... ogram.html

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Heck]

We probably fade on Powell's 10AM speech...

Good call

[Mr. BachNut]

I have never seen a NYMO reading this high. Ever.
If it closes this high, it will be a record.

I guess this is either the greatest breadth thrust ever to kick off a super bull...
or we could be coming into a major spike high.
As there is no precedent, my usual claim to have no clue about what will happen is sure.

Price is approaching the middle keltner band as well as levels where a lot of longs got trapped.
Some of them, if they haven't bailed already, may pull the rip cord.

I am long some SPX and R2K from yesterday.
I am jamming a profit stop with the intention of going into the long weekend flat.

[Heck]

Has reached the top side of this channel....

Revealing chart

[JFR]

https://www.marketwatch.com/story/dow-r ... od=markets

[JFR]

ES 5. Back down to the pivot. Taking a break. Back later ...