Cobra's Market View

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Double bottom?

7:00 MBA Mortgage Applications [Mortgage demand rebounds]
8:30 Durable Goods [Soar In March... Thanks To BA... Boeing plans to boost 737 Max production to 38 planes per month despite manufacturing snag]
8:30 Retail Inventories (Advance)
8:30 Wholesale Inventories (Advance)
10:00 State Street Investor Confidence Index

GOOG earnings beat. Announces $70B stock buyback
MSFT earnings beat

Note: FRC... more trouble

Also note XLV: A bipartisan deal has been reached to advance legislation that will lower prescription drug prices and reform pharmacy benefit managers.
S.1067 is designed to stop pharma companies filing petitions to delay generics from hitting the market, while S.1114 makes changes to the 180-day exclusivity for generic filers that are the first to challenge a brand-name drug's patents and meet regulatory requirements. [Seeking Alpha]

Tiniest short-term Head & Shoulders on SPX
Right now it's testing potential double bottom support

IWM really needs to get its sh*( together....riskin the market at large.

New to me: The VIX on AAPL ($VXAPL inverted here)

Al_Dente wrote:New to me: The VIX on AAPL ($VXAPL inverted here)

Screenshot 2023-04-26 074542.png

That new to me too! Just looked for more, Apple appears to be the only stock listed. I would expect more over the coming months (on big names)....

ES daily.

Day 19 in this base.

Testing down to the bottom of the base.

Beneath the EMA 20. No Man's Land.

ES 60 minutes.

Big, down day Tuesday.

In a range today between the Pivot and 4092.

Big sell off, consolidating, sell rip. will see from here.

It's the bear's last chance to make a range day here. My guess is bears are over, this bull shall have legs.

Good area to whipsaw. makes or breaks? lots of gaps to be filled below.

ES 5 minutes.

Up to 4102, where it rests, for the time being.

We may have the swing sell trigger today, if this sell fails then the daily buy dip will trigger. first thing first.

Intraday momentum side of thing: Neg D. Top of day is near.

My Red line: for bears to continue this sell off, we must close under the RED line. or positive price action is at hands.

ES daily.

On the daily, it is a doji.

No Man's Land.

Taking a break ...

Got the box!!! now, for the counter trade buy only above this, that's just me, multi-time frames see though, Peace!