04/17/2020 Live Update

[Al_Dente]

Health Care
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daily

[Al_Dente]

internals
5min

[JFR]

ES 5. Pushing down beneath the pivot. (Away from desk, on a tablet. It can be hard to get away from the market, as we know.)

[BullTart]

VIX "double bottom" on the phantom print from weeks ago?

YES

[JFR]

ES 5. Bouncing along a support level. Somewhat ominous.

[BullBear52x]

better than expected, thank you bear.

[BullBear52x]

I will switch side once we leave this down channel.

[Cobra]

Touch EMA20 as expected. Now it's bull's last chance to stand. Key time. Breakdown would be a downtrend day. Rebound from here maybe a typical bull day (slow up to close) but I'll treat it as a range day.

[BullBear52x]

Buy here, stop at new LOD, if so I will call it a day.

[te_fern]

I'm watching this crash channel to close gap. Played the shorts poorly this morning and have loss money on a down day!!

[te_fern]

Or I should say, a down from opening highs day!! LOL!

[Cobra]

60% chances of double bottom here.

[Al_Dente]

Nomura
https://www.zerohedge.com/markets/spect ... to+zero%29

[Heck]

SP.1 Jun Fut SELLING < 2,885.00
$SPX SELLING < 2,862.16
SPY SELLING < 2,862.16

Two times as many ISEE Undervalued Opening Long Index PUTS as calls = DOWN DOWN

[Cobra]

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

[JFR]

ES 5. In a range. Up against the EMA 20.

[Heck]

Market Is Now Just 5 Largest Stocks

[JFR]

ES 5. Breakout above the pivot.

[Cobra]

Text book target

[BullTart]

This will not sustain, look at TRIN, going fourth day above 1. thing that make you go Hmmm

Yes BullBear, TRIN 4 days > 1 = ... well you know what's going to happen.

In the meantime, even with last night's rocket to moonshot on somewhat iffy gilead news... the negative divergence, also on declining volume persists.. coupled with the TRIN, and the VIX hanging around and refusing to sink... well you and us know what's going to happen.

Still have all my short SPXU SRTY positions and added a little TVIX today. Trade safe!