04/22/2024 Live Update

[Cobra]

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Higher low (therefore at least a short term low was in) or not, wait and see.

[BullBear52x]

I forgot my password, took me awhile to find it.

This rip will be sold. first thing first.

[BullBear52x]

Intraday: inside day anything goes, swing is on the sell setup, intraday is pushing above 61,8%, will see the next sell cycle intraday will tell.

[Trades w 2 Cats]

Major earnings this week. Graphic from Earnings Whisper.
Four of the mag 7 reporting. Fed silent period. Still in by back blackout. I expect drift as we wait to see how Da Boyz are doing.

Elliott Wave count is still uncertain. Some counts say the top is in for the summer, others say we get a higher high before the drop. Both valid at this point. My point is day trading is good, position trading is still iffy.

[Trades w 2 Cats]

Looking at the maximum fib retrace level as the break between up and up or a dead kitty bounce.

[BullBear52x]

Day trade made simple, bulls don't want to see LL from here. bears don't want to see HH from here either, but since sellers were on the control, sell first ask question later.

[Cobra]

Members only update at 10:17 am
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[BullBear52x]

Swing sell setup triggered another sell, new box, make or break. stick to what works until it doesn't. Patience, React, and Don't predict.

[Cobra]

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

[Cobra]

The pullback probably will be bought and if able to touch the blue line above again then breakout would be more likely.

[Trades w 2 Cats]

5025 seems to be important today. Kinda doubting the third touch will hold as support so I asm thinking the bulls need to make a decent move up or it is over for them today.

I have seen a few price action plays today but you can tell I am falling asleep because I keep trying to do a wave count!

[BullBear52x]

Swing setup: last sell failed, now it is bulls turn to make a move from here, dip will be bought.

Intraday: inside day, no bias, anything goes, a trade above 61.8% is bullish. be nimble until new swing high is presented.

Internals: bullish bias, 2nd day of improving, there is dip buyers willing to fight at this point. trade well, peace!

[BullBear52x]

Bonus chart: One day doesn't make a trend, the reversal need to be above Friday's high, so far, the $BPSPX is showing a support. an early sign of support is there, will bulls make it out from the hold this time?

[Cobra]

This bull shall have legs.

[Trades w 2 Cats]

Showing the 7 day volume profile in heat map colors. We are back into the standard zone. Clearly a low volume node in the 5080 area if we can clear selling in this 5070 zone.Not a surprise that 5100 is the VPOC for the last week.

[Cobra]

It's the very first test of EMA20 in a long time, could attract some buyers.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2024/04 ... ay-update/

[Cobra]

Members only update at 3:50 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