04/21/2020 Live Update

[Cobra]

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Testing support, probably will rebound first then we'll see.

[Cobra]

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

[Al_Dente]

USO opens down -17%

[BullBear52x]

Not gonna happen again like yesterday or are they?

[BullBear52x]

Cash SPX, there will be a fight here.

[Al_Dente]

[JFR]

ES daily. Down from resistance, above the EMA 20.

[JFR]

ES 5. A slow drift down in the last few hours.

[Heck]

SP.1 Jun Fut SELLING < 2,833.25
$SPX SELLING < 2,785.54 edit
SPY SELLING < 278.04 edit

[JFR]

Overnight gap down on ES, NQ, YM and RTY.

[JFR]

Dow 30. A sea of red. Unanimous. IBM, CAT and DOW falling hardest. WMT the least.

[Daniel]

Dow 30. A sea of red. Unanimous. IBM, CAT and DOW falling hardest. WMT the least.

According to Briefing.com, IBM's earnings announcement actually beat estimates on all actuals, but they completely pulled any future guidance, which sparked selling premarket.

[Al_Dente]

SHORTS 5m

[JFR]

ES 5. Up to a resistance level.

[BullBear52x]

I am shooting for 2700ish today. the 2650 is flashing for the week.

[Daniel]

SPDR sector ETFs today

..including XLRE. AD have you ever checked the correlation btw this REIT etf and IYR--which is the most commonly tracked, and the one Cobra tracks?

I think the commercial real estate sector is an interesting technical play right now. Nobody knows how much folks are going to want to clump together, going fwd. Thus, its trading has been pretty technical, as measured by IYR.

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Cobra]

It's morning hourly hollow red

[Al_Dente]

SPDR sector ETFs today

..including XLRE. AD have you ever checked the correlation btw this REIT etf and IYR NO, CAN YOU POST A CHART?--which is the most commonly tracked, and the one Cobra tracks?

I think the commercial real estate sector is an interesting technical play right now. Nobody knows how much folks are going to want to clump together, going fwd. Thus, its trading has been pretty technical, as measured by IYR.

[Cobra]

Normally the rebound target should be the EMA20, from there we can see where the market decides to go. But so far it looks like the EMA20 is an impossible target on this first rebound attempt.