04/10/2026 Live Update

[Cobra]

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Consolidation, breakout on the upside is more likely.

[BullBear52x]

New swing high, it is bullish bias. short term is very overbought, so, be nimble, it's Friday.

[Cobra]

Members only update at 10:03 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[Cobra]

Triple top has been rare so breakout of the blue line should be more likely.

[BullBear52x]

Look above and failed so far, a closed under 38.2% will say there is a bearish piercing candle. real reversal.

[JFR]

SPY 5 minutes.

Opens with a small gap up.

Strong move down. More than fills the gap.

Either range action for the day, or possibly a bear trend day.

The bears are showing more strength than the bulls.

[Trades w 2 Cats]

Pretty clear what the trade of the day is. It seems to be matched to more saber rattling by Trump. As I said the other day, the constant noise in the press makes technical analysis a bit more challenging. Of curse I am assuming the constant 180 reversals in the media are random. Hoping some one will publish an AI helper that predicts what he will say t the press next!

[Cobra]

Members only update at 12:18 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[JFR]

Some items are making market progress today.

STT is one.

Founded in 1792. HQ in Boston.

Many marubozus on the chart.

Pushing the outside of the top Bollinger Band.

A quick check of the frundamentals shows they are fair in value.

State Street Corporation provides various financial products and services to institutional investors. It offers custody, accounting, and fund administration services for traditional and alternative assets, as well as multi-asset class investments; recordkeeping, client reporting, and investment book of record, transaction management, loans, cash, derivatives, and collateral services; investor services operations outsourcing; performance, risk, and compliance analytics; financial data management to support institutional investors; foreign exchange, brokerage, and other trading services; securities finance, such as prime services products; and deposit and short-term investment facilities. The company also provides the State Street Alpha platform that combines portfolio management, trading and execution, analytics and compliance tools, and advanced data aggregation and integration with other industry platforms and providers; front-office technology that automates and simplifies the institutional investment process comprising portfolio management and risk analytics, trading, and post-trade settlement with integrated compliance and managed data; investment management solutions; and portfolio management, trading compliance, and manager/sponsor communication. In addition, it offers investment management solutions, such as strategies across equity, fixed income, cash, multi-asset, and alternatives; and ETFs, custom indexed, managed funds, and mandates. The company provides its products and services to mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, wealth managers, investment managers, foundations, and endowments. The company was founded in 1792 and is headquartered in Boston, Massachusetts. StockCharts

[Trades w 2 Cats]

I am t harsh n myself. Price actin rules were honored in the drop. Existing support and resistance levels worked.

[BullBear52x]

What is new shining object these days? chemical commodities?

[Cobra]

Possible 3 push down (green arrows) so a rebound might be due soon.

[BullBear52x]

Need to see a cleaner, stronger selling to say this swing buy setup is failing. let see, make or break. Peace!

[grandeG]

Possible 3 push down (green arrows) so a rebound might be due soon.


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Yeah, Thanks Cobra. Probably tim e to wrap it up and watch The Masters,,, Have a great weekend everyone!

[Cobra]

Members only update at 3:32 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:50 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377