Cobra's Market View

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Double top or not, wait and see.

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

A breakout will fill the gap in no time. I am leaning bullish bias atm.

/ES up target 2570 then 2620, 2570 key reversal if bears will make a move so.....interesting day today.

SP.1 Jun Fut BUYING > 2,474.25

Testing the water, north bound it is.....

Authorities remove close to one million N95 respirator masks, gloves, gowns and other medical supplies after a Brooklyn man was caught allegedly hoarding the equipment
https://www.youtube.com/watch?v=MmNqXaGuo2k&t=0s

HBO is offering a bunch of TV shows, including the "Silicon Valley" series, and movies for free beginning on Friday. Customers can access them on any platform where HBO Now and HBO Go are supported, which includes iPhones, Android devices, smart TVs and streaming boxes such as Roku, Apple TV and Amazon Fire TV. HBO said the initial plan is to provide the free content for a month.

https://www.cnbc.com/2020/04/02/free-hb ... ningsquawk

5min

I have bullish and bearish indicators in different time frames at the same time:
Death cross
https://stockcharts.com/h-sc/ui?s=%24SP ... 291221744c
VIX RSI
https://stockcharts.com/h-sc/ui?s=$VIX& ... 2562907989

Fundermentals dont make want to cover my small shorts..

It's morning hourly hollow red

After reassuring the public during last night's press conference that the bailout bill's "Paycheck Protection Program" would be up and running "tomorrow" (i.e. today), Mnuchin tweeted Friday morning that the first loans had been issued via the program, and that small business owners are now welcome to apply. So far, community banks have issued 700 loans...

Update (0920ET): Bank of America just confirmed that it has started issuing loans through the program.

ADULT ADVISIORY: THIS FOOTAGE IS SAD:
Video: “dozens of the sick are being treated in open hallways”
Brookdale Hospital in Brooklyn
https://www.zerohedge.com/health/shocki ... to+zero%29

Fed Balance Sheet + 55 % since Sep

https://fred.stlouisfed.org/series/WALCL

BULLYA

Bull trap, head fake, not looking good for bulls this Friday sideways action to continue.

Looks like a boring range day.

Checkout what happened after the last death cross in Dec 2019. The bottom happened a month later. Every chart can be diffferent of course.
https://stockcharts.com/h-sc/ui?s=%24SP ... 971694701c

This is true resistance for weeks to come. bulls need to take care of this or doomed.

Cash SPX, bullish crossed on MACD, bulls gonna blew up their chance, Bear flag will be in play as soon as MACD cross back to bearish.