04/27/2022 Live Update

[Cobra]

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The rebound overnight for now looks like a bear flag.

[koolblue]

[BullBear52x]

Sell day, no end insight.

[BullBear52x]

Inside day, first sell right in the no man's land between 38.2% and 61.8%. sideways consolidation is what I am expecting today, V-shape is not on any traders mind.

[Cobra]

Members only update at 10:03 am
http://www.cobrasmarketview.com/2022/04 ... ay-update/

[Al_Dente]

QQQ and IWM
BOX TARGET MET
daily

[BullBear52x]

Easy day for bears today, looking to yesterday's overnight low then 4127 /ES

[BullBear52x]

Breakdown failed, bears are not all that hot. If there will be a down trend day, we need to see LL quick or consolidation inside day for today. boring.....

[BullBear52x]

/ES 4223 will be a game changer for bulls, or a trade above 61.8% on SPX intraday could be a face ripper. seller beware!

[JFR]

ES daily. Inside bar. Moving up on a small bounce off strong support at 4130.

[JFR]

ES 60 minutes. Some nice clean, moves. Downhill.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2022/04 ... ay-update/

[JFR]

SPY 15. All is relatively quiet. In a range. Riding the EMA 20.

[JFR]

ES 5 minutes. Choppy action, all around the Pivot. "Let's be careful, out there."

[Cobra]

Testing day high, which might be the range high (nor near), let's see.

[BullBear52x]

Looking up to 4238 then 4258

[BullBear52x]

Entering swing sell setup. I will reverse to sell soon, will see the reaction at 4238 first if we get there. (/ES 4238)

[koolblue]

[BullBear52x]

Bears need to retake price under 38.2% to have the control back.

[Al_Dente]

There is a solid double bottom on the daily ... so good chance it may turn into a descending triagle and breakout,
especially if the shorts start dramatically covering and the FOMOs piggyback.

(On a closing basis: 8 March and 14 March is the "real" double bottom.
The 24 Feb bottom was intraday and doesn't show up on the CLOSING charts).

MEANWHILE, shorter term, intraday, we have a two-day double bottom and double top (=box) on the 5min charts... and bulls will need to quit failing there, and build some traction...