03/20/2020 Live Update

[BullBear52x]

A breakout without TRIN support (<1) I will not trust it.

[Al_Dente]

5 heaviest-weighted stocks in SPY:

[JFR]

SPY 5. Getting squeezed, between the EMA 20 and support.

[te_fern]

Really need a sustained break of this line.....

[BullBear52x]

I will give a chance of testing overnight high is >70%, will it holds that is another question, strong resistance at /ES 2479.5

[Al_Dente]

60 min
resistance at black-lines
but two new green shoots today

[Cobra]

So far it's a range day to me as long as the yesterday's high is not taken decisively. Assume the range high is the yesterday's high for now.

[BullTart]

trading for the breakout above the ascending triangle that has been forming since Wed on a strong bottom support (61.8 fib line from the 666 low to the recent highs) - loaded up on TQQQ

[jademann]

Glad VIX /VXV is back under 1.0. That is why there have been huge moves in UVXY but relatively small moves in SPY. If they can keep a lid on the VIX it bodes well for Longs next week.
http://schrts.co/yjjEAwZB

[JFR]

https://www.marketwatch.com/articles/gl ... od=markets

Stock market gains do very little or nothing for wage earners. And those wage earners can not really self-quarantine, as they need to work. Just in my opinion.

[JFR]

ES 5. Moving up.

Taking a break ...

[te_fern]

Added Bulltart's line, if it can break here, it would break the horizontal and the downward sloping line......

[BullBear52x]

It's Friday, this is not what I expected. bulls are having a hard time, new LOD will be dangerous. I am out and done. Peace!

[tsf]

Rumors of successful tests of potential existing malaria and lupus drugs against covid-19 in France and Eurpe
See #hydroxychloroquine on Twitter

Stocks that could benefit: Teva, Mylan, Gilead, Sanofi and Bayer

[Al_Dente]

drop due to Cuomo's announcement of "100% workforce reduction"
enforced with fines
"essential" stuff exempt

[BullTart]

Cuomo comes out with the news of basically NY lock down for all non-essential personnel - if the bulls can weather this bomb, it will show that the market is becoming numb to bad news. That would portend a temporary bottom here.

Essentially, the opposite of the times when the Fed bazooka news would come out and the market spiked briefly then faded shortly after.

That would signal a change in herd psychology.

[te_fern]

Can't post chart, but lower resistance line is holding so far....

[jademann]

I am still holding UPRO over the weekend based on this => http://schrts.co/ymeFKWcC

[BullBear52x]

If you don't make it a real panic, you will not get that bail out for the business? for us, only price pays, I hope bulls can hold on to this, not looking now do or die. have a good weekend all. Peace!

[Al_Dente]

If you don't make it a real panic, you will not get that bail out for the business? for us, only price pays, I hope bulls can hold on to this, not looking now do or die. have a good weekend all. Peace!

boss: charts react to the news