04/24/2018 Live Update

[daytradingES]

As we move into 2657.25 (yesterdays low) it could go go lower.
range rule is
2652.75 to 2654.25
using 2677.25 as the HOD

[Trades with cats]

Bam! Must have triggered some stops.

[Al_Dente]

Worst in dow:
MMM is down 17 points
That represents 117 points down on the price-weighted dow

Second worst is CAT down 7 points (-48 points in the dow)

[te_fern]

2645 is today's S2 pivot and the low 7 days ago. Maybe a target for the low....

[Al_Dente]

btw: CAT reported good EPS and revenues this morn
https://www.thestreet.com/investing/cat ... yptr=yahoo

[Cobra]

decisive breakdown so forget about dashed blue arrow, it need another double bottom before a bottom could be possible.

[fehro]

SPX congestion .. stalls at trendlines .. LOD goes.. look to lower gap (s)

ding ding.. mind the 20d SMA if RUT/IWM take out yLOD 2649.25 SPX 20d

[daytradingES]

its (so far) held just above the
Breakdown= 2651.00

low=2651.25

[crawford glissadevil]

Like I said yesterday, 2664 is line in the sand.

[Al_Dente]

........ HOWEVER the bulls may not be done yet
NY advancing stocks = 1.6 x declining stocks
NY advancing volume = 2.8 x declining volume

bulls gave it up
NY advancing stocks = 0.94 x declining stocks
NY advancing volume = 1.4 x declining volume

But bears haven't caught up yet
NY declining stocks = 1.1 x advancing stocks
NY declining volume = 0.6 x advancing volume

[fehro]

SPX opening near 50d .. well was going to… .. mind 50d.20d tags today.. /ES possible expanding wedge

NDX at 20d .. COMPQ near it.. Tech is weak… /ES expanding wedge seems legit.. or bearish wedge.. VIXes stall ** chart updated

ding ding ..lower yellow channel on total failure 20d SMA SPX

[Trades with cats]

Well this certainly looks like earnings season has been cancelled!

[Trades with cats]

On my charts this is the third wave down from the overnight low so I am expecting a decent bounce when this one ends.

[Trades with cats]

Measured move is making te_fern's S2 target look pretty good right now.

[Trades with cats]

This has become my machine learning chart as it has automatic support, resistance and trend lines.

[daytradingES]

Does someone have a symbol for the "FANG index"

https://www.zerohedge.com/sites/default ... -29-27.jpg

[fehro]

mind the waterfall.. should SPX enter gaps under us 2645-2600 .. thin air… shocking drop

[MrMiyagi]

Transports at 50-day average. Maybe baby Janet can help us here.

[Cobra]

members only update at 1:03 pm
http://www.cobrasmarketview.com/2018/04 ... ay-update/

[Al_Dente]

VIX is up 10.7%