04/09/2019 Live Update

[Cobra]

possible higher low trend reversal, strong up here then the low might be in for today. key time.

[Mr. BachNut]

Mr. B reporting in.

Another day, another gap.
We closed Thursday's gap up this morning but opened a gap down today.

The NYMO cycle is up, but we are negative below the zero line at the moment.
This could suggest a turn in the works but a corrective pullback to the zero line is common.
Follow through wanted in the days ahead to clarify.

We have a plethora of gap targets below and two targets above. The bears will get their shot at some point.
If my ascending wedge day dream is to come true, it kinda needs to get into gear soon.
I have no idea what will happen.

I am long an SPX runner at this point.
My hedge shorts last week were fails offset in part by scaling out a profit unit on the long side.
Doing nothing for now.

[No Chart again. Getting a internal server error message. Ugh.]

[Trades with cats]

15 minute bars regular hours. I added the McClellan Oscillator,since the subject was bough up along with gaps. Added some lines to make it easier to see what the composite market profile is referencing.

Since it is a down day you expect up volume, and the bars do look a lot like April 3 and 4.

[BullBear52x]

Gaped down two days in a row, we are going lower to the daily mid BB at the least. for now bears need to take this down below 38.2%

[Trades with cats]

Well the morning freebie is over. I am referring to the Euro zone traders covering as they go into the close. Great day for them as they rode this puppy down.

[Trades with cats]

Twitter feed pointed out (Helene Meisler) that Apple price is going up while volume is going down.

[Al_Dente]

SMALLS, 5minute intraday
Testing the neckline of an inverse H&S

[BullBear52x]

for fun, it does top as the chart expected.

[JFR]

Riding the E Train. Price is looking for a safe place to jump, a breakout up or down.

[Cobra]

members only update at 12:00 pm
http://www.cobrasmarketview.com/2019/04 ... ay-update/

[BullBear52x]

This chart is freaking out the Washington, if they play the wrong hands market will crash and recession will follow. UST2yr/5yr

[BullBear52x]

they pull the same playbook on us again. entering sell the rip zone.

[BullBear52x]

TOS is down, this is not good for me.

[JFR]

Breaking out. Back later ...

[BullBear52x]

missed two handles, back on line again, lets go bears make Papa happy again.

[Al_Dente]

It’s only been a coupla days that IWM broke above 200sma, and it’s backtesting it already.
Here’s a visual on the weakness in smalls [EOD]… compare the highs lows on the daily...

[BullBear52x]

Today where the early bird swing bears take position, I am expecting a good down day of more than 2 days for day traders. anyone can have over night gap up or down, I just want a trading hour to be trend day for a change that's all, not much to ask have I?

[Al_Dente]

SMALLS, 5minute intraday
Testing the neckline of an inverse H&S

failed

[BullBear52x]

bulls trap

[JFR]

False breakout. Like Bogart said in the movie: He was ''misinformed.'' Ha ha