04/29/2024 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

===============================================================================================================================

Rounding top?

[Cobra]

Members only update at 10:12 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

It's a morning hourly filled black bar.

[Trades w 2 Cats]

Obviously positive tilt waiting for news.

[Cobra]

Double top?

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Trades w 2 Cats]

As of Friday the Friday high was at the existing call wall. Supposedly most of the call wall survived expiration.
When the Put wall was breached earlier last week we dropped hard and fast.
The call wall today is not generating much follow through and they keep bring the market back.

[BullBear52x]

Swing setup: nothing new, wait for new buy setup.

Intraday: it's a classic boring Monday, new swing high, it is bullish bias, bulls need to close higher than Friday's high or we will end up with a negative price action today.

Internals: bullish bias, some big move is in the work? Boring day of the year. Peace!

[BullBear52x]

Bonus chart: 20/50 DMA bearish crossed and over head resistance. I smell a big move coming tomorrow. trend line or MA line, if no gap up and push hard over it the lines win. Bulls will have to reach deep in their pocket for this one.

[Cobra]

The pullback probably will be bought, it's just a range day so several up and downs, no biggy.

[BullBear52x]

How today's closed candle will tell. short term very overbought at the upper BB resistance or mid BB resistance. the pull back around here is common. so, lets not pretend to be a surprised.

[Trades w 2 Cats]

Bond people all saying this afternoon's data release by Treasury is a yawner. Wednesday morning "could" be market moving, then the follow up from Powell in the afternoon.

Person noted on X that market liked earnings from those selling AI to others, did not like (Facebook) those trying to use AI. So if pattern holds I will be waiting for Nvidia before entering any swing trades. Unless Powell really tanks the market on Wednesday, of course.

[Trades w 2 Cats]

Friday VPOC at 5134. Touched Friday PM, in the overnight and now. If this falls apart I like the empty node around 5121 to 5125.

[Trades w 2 Cats]

Sorry, didn't add the chart I was looking at. Fat tails Traders Dynamic (better known as a fancy RSI) trying to move into oversold.

[Cobra]

Members only update at 3:41 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374