04/30/2024 Live Update

[Cobra]

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Still could be a rounding top.

[BullBear52x]

Swing buy entry that triggered yesterday was a failed. rip will be sold.

[BullBear52x]

open inside day, lower end, new swing low will be very bearish, 2x bottom will be a mess for day trade.

[Cobra]

Members only update at 10:06 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[Cobra]

Revisit the day low again, watch for possible double bottom as so far looks like a range day (FOMC tomorrow, remember?).

[BullBear52x]

Common resistance area with new swing low intraday, the Fed can help or speed up the deterioration.

[BullBear52x]

Swing setup: wait, rip will be sold.

Intraday: new swing low, it is bearish bias.

Internals: bearish bias. be careful out there. peace!

[Cobra]

Members only update at 1:05 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

The general bottom pattern in our current case.

[BullBear52x]

Bonus chart: will the Fed provide optimism to the next hourly green bar before new LL? we will find out tomorrow. EIS bar assist trade reminder. I think the bottom is in for intraday today, if I have to guess. agree with cobra chop chop end of of day. Peace!

[Trades w 2 Cats]

Nothing to add to what has already been said. Market has to be concerned about a rug pull by the Fed. Yellen is voicing concern (which is a new move) so my guess is Powell has no choice, he must try to jaw bone about controlling inflation because he is doing nothing to stop it with monetary tools.

[Cobra]

So far went as expected. The current drop shouldn't make a decisive new low otherwise the whole pattern will have to restart from the start.

[Cobra]

Members only update at 3:37 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Members only update at 3:52 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449381

[Trades w 2 Cats]

Very low volume sell off. Good news and a bit of a short squeeze and up she goes!