04/22/2021 Live Update

[Cobra]

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Touch the line above then breakout would be very likely so the bias is up.

Flat open, likely just a range day.

[BullBear52x]

1-2-3 chart pattern. Bears still got plenty of games.

[Cobra]

1-2-3 chart pattern. Bears still got plenty of games.

Has to be sharp down today in order for the pattern to be valid.

[BullBear52x]

Do or die for bulls here. ES

[Al_Dente]

The Labor Department on Thursday reported 547,000 new filings for unemployment benefits during last week, lower than expected and a new Covid pandemic low. The prior week's initial jobless claims were upwardly revised to 586,000, but these are the first readings under 600,000 since the 256,000 reported for the week ending March 14, 2020. (CNBC)

[Cobra]

Members only update at 10:05 am
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[BullBear52x]

New LL, we will have a down trend day. (inside day)

[Al_Dente]

Existing home sales were worse than expected, dropping 3.7% MoM.
All regions posted sales declines in March, led by an 8% decrease in the West and a 2.9% drop in the South.

[Al_Dente]

Internals
View from the SHORT side
At the moment, shorts are weak

[BullBear52x]

Last sell for bears, no new LL from here or a penny higher than this entry, it will be sideways range day at best. lets go bears.

[BullBear52x]

This is my classic range day forecast when both BUY and SELL failed. bulls got an upper hand from here but I don't expect any big move to sustain all day. break time.....

[Cobra]

Members only update at 12:33 pm
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[Cobra]

2nd leg up but looks like even stronger than the previous one so a renewed strength therefore still more up?

[BullBear52x]

I knew it, it will not hold.

[Cobra]

Must be a news.

[BullBear52x]

weak sauce, now the support, will it hold. until then the seller will jump in again.

[mikeqc]

Biden plans increase capital gain tax

[Al_Dente]

OLD NEWS: Biden to propose Capital Gains Tax
NEW NEWS: Tax may be "as high as 43.4% for wealthy"

[Cobra]

Measured move down?

[BullBear52x]

support, time for media to roll out good news.