04/19/2023 Live Update

[Cobra]

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Rising wedge breakdown, sometimes it's just a larger rising wedge or price channel (dashed line below).

[JFR]

ES daily.

Still in that very wide range of 14 days, near the high of February 2nd.

Well above the EMA 20. The previous 3 days were indecisive dojis.

[JFR]

SPY 5 minutes.

The high and the low of the first 5 minute bar indicated. Sometimes an alert of price movement for the day, when it breaks out up or down.

[JFR]

ES 5 minutes.

No breakout at the 30 minute mark. Some doji activity in the middle candles.

[JFR]

ES 5 minutes.

The bulls showing some interest in breaking out, but failing.

[JFR]

ES 5 minutes.

The bulls are trying for a breakout.

[Cobra]

Members only update at 10:12 am
http://www.cobrasmarketview.com/2023/04 ... ay-update/

[Cobra]

EMA20 here is the bear's last stand for today.

[Cobra]

Breakout to the new day high here in the next couple of bars then it's an uptrend day.

[Trades w 2 Cats]

Set up an account at Thin kor Swim so I can "see" where the 0DE option strikes are sitting by volume. Haven't figured out how to share yet.

Anybody has an idea for something more sophisticated I am interested. Really need something that consolidates a couple of instruments. Still on SPY we are right there in the middle of the 0DE call volume.

[Trades w 2 Cats]

I am assuming the talking heads are right and the zero days to expiration options are the market with the ES being the direvitave.

[Cobra]

Members only update at 12:03 pm
http://www.cobrasmarketview.com/2023/04 ... ay-update/

[Al_Dente]

posted on 4/14: "GENERALLY: yield down, dollar down, stocks up (not a perfect correlation)
But if yield continues up, that doesn't bode well for SPX"

UPDATE 4/19:

[BullBear52x]

Failed breakdown on auction house theory, it is bearish that we have swing low on a daily. buyers need to bring the price above 61.8% or a late day selling is still in the card.

[BullBear52x]

See TRIN and AD issues, if these guys were closed at where they are, I would expected another weak day tomorrow.

[Trades w 2 Cats]

volume picking up for both puts and calls at SPY 418. As Gomer Pyle sid "Suprise Suprise Suprise'

[BullBear52x]

Intraday momentum: morning Negative D, got challenge again, looks like 3 push up and mark the day high right around here.

[BullBear52x]

/ES daily, historical resistance level is clear. knocking on the heaven's door, support and resistance are meant to be broken, for short term trading, keep an open mind of the possibility of big change in the trend that is at hands, either up or down. good pivot to trade.

[merryme]

Low Pole at open. Easy breakout trade. 23-degree slope on the up move. Easy money for the market makers.

[BullBear52x]

TRIN >1 don't buy