Cobra's Market View

AD is still bull (NYAD roughly 1450) but deteriorating, as seen on the TICK color map (bottom panel) changing from plenty green to reds.
5min
Bulls tried again and are failing

At that big consolidation. If it holds here then it will be up to the Asian markets to decide if we retrace the squeeze and open the Euro zone session with a gap down. Or if we challenge the 2900 area and open US sessions at or above that level with all kinds of GAP up comments.

K447 wrote:

Daniel wrote:AAPL red

AAPL still green on the day, above the open.

But not strong at the moment. Let's see if it gets down below 190.22

Triggered 60 minute bar down (2-2-2 down from the day high). *
Reversal risk to upside is possible.

AAPL inside day, turns red below 189.91
Week goes red below 187.71
Month is very red, outside month already, will remain an outside monthly bar until June. Then we will see


* My hourly bars go from cash market open until bottom of the next hour. 9:30 to 10:30, then 11:30, and so on.

very disappointing close so far.

Mr. BachNut wrote: NYMO is making its first appearance above the zero line in a month.
The down cycle is probably over but we have to wait for a close or two for confirmation.

Price is testing the underside of a broken trendline now.
There is a big bolus of SPY calls and puts at 290 expiring tomorrow.
But for that option magnet, I would say the index could find some resistance up here.

Well I'll be darned... looks like NYMO will close negative below zero today.
Bears still in control.

If this AMZN PB at at 1825.57 fills, it will be something.

well, guess that's it for today. here's what Friday looks like. 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/tenpp