04/15/2021 Live Update

[Cobra]

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Still can draw a channel so maybe the current rebound is targeting the channel upper boundary.

Gap up above the yesterday's high so likely a trend day, either up or down.

[BullBear52x]

4148 is key number on Cash SPX, yesterday auction failed at the top, the result is auctioned down all the way to previous day low. now the gap up attempt again at the top if this one fly bears will have to watch out.(the position bears). today I will have to be careful on shorting this market, when the big guys bid up like this on overnight they are not done to the bullish side either join them or got squeeze. I will watch it carefully in the first half hour into the cash session, I am not bullish, heeelllll no, but you got to respect the guys with more chips on the table.

[BullBear52x]

Channeling on both cash and futures. this is cute.

[BullBear52x]

I would have sold this setup, not today. got to sit on my hands for now.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2021/04 ... ay-update/

[BullBear52x]

Where is everyone? I need to be quiet here. crystal ball.

[trader0303]

Where is everyone? I need to be quiet here. crystal ball.

We are here with you , just lurking

[te_fern]

Here, watching the Semi's, LOL!

[BullBear52x]

last time the Fed made a mistake, support the market when it's weak, now they support the market when it's strong so it would never get a chance to get weak again. Haha. Bulls are in full control now.

[Cobra]

Breakout to the new day high with good looking bull bar in the next couple of bars then it's an uptrend day. Probably just a range day, my guess though.

[mikeqc]

There is no doubt bull owns the market. Bulls have at least one more intraday buy dip coupon.

[Trades w 2 Cats]

Clearly 5 waves up.
Don't have a current Options Gamma level chart so guessing 60 and then 75 so both would be resistance/support. 50 is the big Kahuna offered resistance on the way up so should be a bounce on the way down.

[BullBear52x]

one more buy then bears can try the next peak if this is a 3 push up.

[Trades w 2 Cats]

from Cem Karsen on twitter n hour ago

Support/Resistance
4173.5 ***
4158.5
4144
4127.5 ***

[Al_Dente]

internals, 15min

[Cobra]

Very first test of EMA20 in 2 hours, so the pullback likely would be bought.

[Al_Dente]

$TNX Yield is back down to 1.55% (yield down, bonds up)
Why?
Nomura’s quant [we’ll call him Sherlock] says short-term investors (global macro hedge funds, CTAs) have been conspicuously backing out of short positions in Treasurys.
“ ...it seems likely that fundamentals-oriented global macro hedge funds have already closed out the entirety of their aggregate net short position in USTs, and may have swung to the net long side…. Options on 10yr UST futures (TY) had been significantly skewed to the put side, but this is no longer the case “
“However, we also note that CTAs have been extending their aggregate net long position in NASDAQ 100 futures..."

[JFR]

Late to the party. ES daily. Poking its nose above resistance.

[JFR]

ES 5 minutes. Gap up. Not filled.

[JFR]

Dow 30. More green than red. UNH leading by 3 lengths over AMGN. CVX trailing.