04/30/2020 Live Update

[JFR]

ES 5. Hanging around the pivot.

[Heck]

SPY < 200 DMA = DOWN

https://stockcharts.com/freecharts/gallery.html?SPY

[Heck]

Market rallied back to neutral from 23 Mar 2020 Max Fear

https://money.cnn.com/data/fear-and-greed/

Next, Second Leg of Bear ?

[Cobra]

Now, let's see whether bulls can make a bottom here. 50% chances.

[Cobra]

Need another strong bull bar to confirm the higher low (therefore the low was in), right now the higher low chance is 51%.

[Al_Dente]

VIX went bear-spx today

[BullTart]

VIX went bear-spx today

Thanks for this - interesting combination of indicators here. If we break down and out of the rising wedge that's been building for a month, we should see an impulsive move down.

Cashed out of my UPRO longs from last week and now in a mix of TVIX and SRTY.

[JFR]

ES 5. Helluva long base. Yawn. Have a good afternoon. Stay safe.

[Cobra]

Just when I was downloading the chart saying now better chances, it made the breakout. Anyway, you should get the idea how bottom is building.

[Cobra]

A little resistance here, breakout would be great.

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

Thank you guys, I'll see you in an other thread soon.

Before the close, please take a little time to vote for me, thanks. https://stockcharts.com/public/1684859/ ... /533449397