04/09/2020 Live Update

[te_fern]

No short trigger yet....

[BullBear52x]

bull flag forming now. not bearish yet.

[te_fern]

Watching this triangle for potential direction warning....

[Al_Dente]

CUOMO now

[te_fern]

Isn't there some rule about being careful of the first break of a triangle. Maybe false....

[Cobra]

No break down good, now let's see if it can touch the upper blue line. The lower blue line cannot hold another test so bulls still need to be careful.

[BullBear52x]

I will not discount this type of bullish scenario.

[te_fern]

Took a stab, already underwater! LOL!

[te_fern]

Did put a stop loss on it, so I need to have patience!!

[te_fern]

Must have hit my limit on charts! LOL! Took a profit at the 19.90 line....

[Al_Dente]

5m
cyan box target nearly met this morning

[BullBear52x]

Big picture, Do or Die, I think bulls will "Do"
Next week is the sentencing week for bulls or bears enjoy long weekend.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Al_Dente]

according to the snake, SPY is testing its 50% retracement level
pasta agrees
it's a key time

[BullBear52x]

Chart for the road: Risk on situation. peace!

[Al_Dente]

(Reuters) - UBS executives pledge $5 million of own cash to coronavirus fight
Top managers at UBS will each contribute the equivalent of three months’ salary to fight the coronavirus, its chief executive Sergio Ermotti said on Thursday after the Swiss bank bowed to pressure to suspend its dividend.

[Cobra]

Small consolidation, finally bias is a little up, the breakout if lucky, probably won't go far though as it's just a range day.

[Al_Dente]

JUNK BONDS
An exchange-traded fund that tracks corporate bonds that have just lost their investment-grade rating [ANGL] surged nearly 6% Thursday after the Federal Reserve announced it would buy some bonds and ETFs that meet that description.
https://www.marketwatch.com/story/falle ... 2020-04-09

[imho HYG still looks best to me...has better volume... but the media is touting ANGL]

[Al_Dente]

Has $BPSPX ever been this high?
91.40%
Not since 2013

Does it stay up there very long?
No

[Al_Dente]

BIG down P-Bar on TNA
down to 19.40
shows on the schwab platform, not stockcharts
shows on 1min and 3min charts, and on longer timeframes