04/20/2020 Live Update

[Cobra]

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The pullback may have legs.

[Cobra]

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

[JFR]

ES daily. Sitting on the support resistance line. Above the EMA 20.

[Cobra]

Usually rebound after the big gap down open to EMA20 from where we'll see bear or bull then.

[BullBear52x]

Sell here.

[JFR]

ES 5. A move down in the last few hours. Now testing resistance, moving above.

[BullBear52x]

looking to fill the gap or previous support.

[JFR]

Dow 30. A sea of red. WMT bravely in the green. DOW, XOM and CVX trying their turn at the bottom. Topsy-turvy most days.

[JFR]

Overnight/weekend gaps down on ES, NQ, YM and RTY. Can't stay. Stuff to do. Back later ...

[te_fern]

Bios one of the few things that came out strong this morning...

[Al_Dente]

Equal-weight SPY needs to catch up.
This is a profile of a narrow-based rally. I’d like to see more participation
.… or to paraphrase a popular metaphor: a rising tide should lift more boats.
daily

[Al_Dente]

AMZN: ATH last week
These are the heavyweights in SPY
Hourly %, back to the 2/19 high

[te_fern]

Friday's end of day high tagged the up trend line. Some support lines are below and then a lower uptrend line. We can see how the day plays out. Seems a little weak this morning..

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

It's morning hourly hollow red

[te_fern]

Triangle I'm watching for potential direction...

[Al_Dente]

SHORTS
faded since the open
but AD bears are still 4x bulls at the moment, sloping down

[Cobra]

Looks like bears were over for today. Uptrend day possible if keeps going up but since it's within the last trading day's range, I'll treat it as a range day no matter what.

[te_fern]

As Cobra noted the break was up!!

[Al_Dente]

WMT
ATH