04/29/2020 Live Update

[JFR]

ES 5. Moving on up.

[te_fern]

Think I'll go to lunch before I make a dumb trade and get caught holding the bag. See what the Fed does at 2:00...

[BullBear52x]

We are heading to 3100, this is what 2T can do, I see 2 more trillion on the way then we will be in ATH in no time.

[ccash04]

VIX perking up a bit here not playing along with SPY/IWM.

Not buying this rally

[BullBear52x]

Bearish reversal yesterday, if bad day to day the sellers will be all over it. this is TA defending the fall from power that be.

[BullBear52x]

From the market profile, V-POC is sitting at 2943-45ish /ES, profit taking or new sell intraday will be intense there.

[JFR]

SPY 5. ''To the Moon, Alice.''

[BullBear52x]

The market throwing a curve ball to a rising wedge, I would look at it this way but for day trade it doesn't matter is it?

[Cobra]

Members only update at 1:10 pm
http://www.cobrasmarketview.com/2020/04 ... ay-update/

[BullBear52x]

Counter trend intraday. let see how bullish the market can be from here.

[BullBear52x]

on intraday internals, AD line is above 2000, this is not going to be good for bears in practical sense.

[Al_Dente]

60min
% since the 2/19 top

But if you run the same chart since the 3/23 LOW, you can see the outperformance of SMALLS, cyan

[Cobra]

The very first touch of EMA20 in 2+ hours usually is buy but it usually also means the trend is near over which coincides with the 2pm roller coaster show.

[BullBear52x]

Intraday buy the dip set up,if this buy fail, it will be a good day for counter trend bears.

[BullBear52x]

it can be this bad if bulls failed. a wishful thinking.

[Cobra]

10 min to roller coaster show.

[BullBear52x]

[Cobra]

The very first reaction usually is the true direction. Then usually a reversal, and then a reversal of reversal.

[Heck]

Dangerous game
Only Machines Buying Stocks As Humans Stay Home

ISEE Overvalued Long Opening ALL EQUITIES Options Almost Two Calls for each PUT
Means people caught out of Equities
Willing to overpay for money and time-wasting derivative equity options

https://www.nasdaq.com/market-activity/isee-index

[Heck]

Powell says the economy will likely need more support from the Fed for the recovery to be ‘robust’

With 108 M Americans of Working Age Not in the Labor Force

And another 36 M Americans unemployed

(144 M Americans out of work)

https://www.usdebtclock.org/#

Surely that will be some recovery