04/24/2020 Live Update

[Cobra]

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No idea up or down from here.

[Cobra]

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

[JFR]

ES daily. Getting squeezed by the EMA 20 and the resistance level.

[JFR]

ES 5. A move up over 4 hours ago, but now dealing with some heavy resistance. Sitting on the EMA 20.

[JFR]

Overnight gaps up on ES, NQ, YM and RTY.

[JFR]

Dow 30. Lots of green. Led by XOM, AXP and CVX. INTC and BA trailing.

[JFR]

ES 5. Pushing down beneath the pivot.

[Al_Dente]

Declining triangle (upward breakout 53% of the time… that’s RANDOM)
5min

[jademann]

One system some people use is to go long when the 20 crosses the 50. I cant vouch for accuracy, especially now.
http://stockcharts.com/h-sc/ui?s=%24VIX ... 6472546539

[Cobra]

If no further down here then it'd be a range day. I expected a good down today but so far bulls held good, so maybe not that bad.

[Al_Dente]

SHORT AD favors weak bear
SHORTS need the options traders (1/vix) and the 1/fangs to be moving up, not down.
SPXS keeps failing at multi-top resistance; they’ll try again
5m

[jademann]

I use MAX PAIN quite often. SPY max pain is currently 280.
http://www.maximum-pain.com/options/SPY

[Cobra]

Members only update at 12:18 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[Al_Dente]

4/24 NOMURA, McElligott:
2813 is the “FLIP LEVEL”
SPX 2,800 is the "Neutral Gamma" zone for the market and is likely to remain that way, as the 3 largest aggregated Gamma strikes on the board have the S&P surrounded as follows: $1.128B at 2750, $1.357 at 2800 and $1.154B at 2850
...we have been at 2800 on the S&P 500 before, in Jan 2018 and again in March 2019. 

[Al_Dente]

[Cobra]

Break the trend line is the very first sign toward a bottom (a few days bottom, not just today's as it's a few days trend line).

[Heck]

All Three ISEE Indices = DOWN DOWN DOWN
$TRIN > 1 = DOWN

SP.1 Jun Fut SELLING < 2,835.00 edit
$SPX SELLING < 2,842.71 edit
SPY SELLING < 283.70 edit

[Cobra]

Possible C&H, bias is up. I don't think it's a double top. Let's see.

[Al_Dente]

Sentiment
https://sentimentrader.com/blog/surveys ... his-rally/

[Al_Dente]

AAPL job listings
https://media.thinknum.com/articles/a-d ... -job-cuts/