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04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:25 am
by Cobra
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The pullback may have legs.

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:28 am
by Cobra
The members only update starts here: http://www.cobrasmarketview.com/2020/04 ... ay-update/

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:34 am
by JFR
ES daily. Sitting on the support resistance line. Above the EMA 20.

2020-04-20_0632.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:34 am
by Cobra
Usually rebound after the big gap down open to EMA20 from where we'll see bear or bull then.

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:34 am
by BullBear52x
Sell here.

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:36 am
by JFR
ES 5. A move down in the last few hours. Now testing resistance, moving above.

2020-04-20_0636.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:38 am
by BullBear52x
looking to fill the gap or previous support.

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:39 am
by JFR
Dow 30. A sea of red. WMT bravely in the green. DOW, XOM and CVX trying their turn at the bottom. Topsy-turvy most days.

2020-04-20_0637.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:41 am
by JFR
Overnight/weekend gaps down on ES, NQ, YM and RTY. Can't stay. Stuff to do. Back later ...

2020-04-20_0640.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:47 am
by te_fern
Bios one of the few things that came out strong this morning...

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:53 am
by Al_Dente
Equal-weight SPY needs to catch up.
This is a profile of a narrow-based rally. I’d like to see more participation
.… or to paraphrase a popular metaphor: a rising tide should lift more boats.
daily
420rsp.png.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 9:57 am
by Al_Dente
AMZN: ATH last week
These are the heavyweights in SPY
Hourly %, back to the 2/19 high
420heavy.png.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:01 am
by te_fern
Friday's end of day high tagged the up trend line. Some support lines are below and then a lower uptrend line. We can see how the day plays out. Seems a little weak this morning..

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:07 am
by Cobra

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:13 am
by Cobra
It's morning hourly hollow red

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:31 am
by te_fern
Triangle I'm watching for potential direction...

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:31 am
by Al_Dente
SHORTS
faded since the open
but AD bears are still 4x bulls at the moment, sloping down
420short.png.png

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:46 am
by Cobra
Looks like bears were over for today. Uptrend day possible if keeps going up but since it's within the last trading day's range, I'll treat it as a range day no matter what.

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:56 am
by te_fern
As Cobra noted the break was up!!

Re: 04/20/2020 Live Update

Posted: Mon Apr 20, 2020 10:58 am
by Al_Dente
WMT
ATH