04/16/2026 Live Update

[BullBear52x]

There's warning sign short term. Peace!

[JFR]

SPY 15 minutes.

Up. Up. And up.

Cup breakout at the top.



SPY (2).png

Thanks, JFR. Agreed but does anyone really want to hold over the weekend? A ground invasion can certainly send things for a loooop.

Hi George. I am a bit more pessimistic about the markets than some.

As a daytrader, of course, I try to ride the momentum of the bullish moves.

BTW, I am doing well in my recovery from a very minor stroke in December. The only symptoms are still low energy and some lost weight from a restricted diet. All good. I was very lucky. As i noted earlier, to all readers, watch your blood pressure, eat and drink healthy, and get some cardio exercise.

Glad to hear things are going well JFR! I’m with you on the pessimistic side. Kind of waiting for the next shoe to drop.

Thanks, George. Tricky times in which we live. And they get more complicated all the time. In the markets, fortunately, old classics still prevail. Support, resistance, trends, trading ranges (bases), breakouts.

[BullBear52x]

Cognitive dissonance is human in its full form.
Traders need to be less than 50% of that guard. just saying, Trade what it is in front of you, not what you want it to be. (Note to self)

[Cobra]

Don't know whether the pullback means the top was in or not. For now I assume we're in a range bounded by blue lines.

[JFR]

INTC Intel

It has been soaring after announcements.

But it has been losing money in recent years. Its last good year, imo, was 2021.

Worth taking a flyer on it? Only as day trades, imo.

The market often bets on speculation and hopes. Hype.

[attachment=0]Screenshot_20260416_101211_Chrome.

[JFR]

SPY 5 minutes.

Back to the previous day's close, where it gets a bounce, up to the EMA 20.

[JFR]

On the Hormuz watch ...

War, oil, peace talks, etc.

[Cobra]

Members only update at 3:35 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:47 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397