05/25/2018 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 info@cobrasmarketview.com.

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

still in range and near range low so rebound should be more likely but be careful this is the 3rd time down in the morning, if 3rd time's charm applies, then today should be bloody down and down, no more sharp reversal up like the past 2 days. Should, I don't mean it will, let's see.

[fehro]

/ES support here.. may sideways all day.. big players gone.. if not lower yellow… the move is in the /CL rug pull… oil weakness / support of indexes wanes

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2018/05 ... ay-update/

[1der]

SPY New PBar 273.48
IWM and QQQ also posted PBars above where we are now similar to the SPY Pbar
EDIT: 271.93 PBar supported bounce yet again. Proving to be very important.

[Cobra]

as usual, gap down means rebound at open, let's wait after bound then see what to do. likely a range day today so I'll avoid trade unless the trend becomes clear.

[Al_Dente]

note oil

[fehro]

SPX sloppy messy chart.. mind the bigger green channel.. mind the morning gap.. yLOD goes look to 20d SMA lower gap fill lower green

[fehro]

note oil

/CL oils support of the indexes is now falling apart.. dollar oil correlation snaps back with a vengeance… DXY USdollar nHOW testing Dec 2017 highs… mind your gold… it's next on the chopping block

[fehro]

note oil

/CL oils support of the indexes is now falling apart.. dollar oil correlation snaps back with a vengeance… DXY USdollar nHOW testing Dec 2017 highs… mind your gold… it's next on the chopping block

/CL 50d 67.49 close.. and horizontal support bearish rising wedge target is 66.50 Weekly /CL far left chart.. candle is uber ugly

[fehro]

be VERY careful on gold.. DXY nHOW nHOY .. takes out Dec highs.. next level 95.15… /GC under 1300 50w SMA .. "could" cascade down .. like oil

[Cobra]

members only update at 10:00 am
http://www.cobrasmarketview.com/2018/05 ... ay-update/

[Cobra]

it's morning hourly hollow red. implication is on the top left of the chart itself.

[fehro]

TLT >200w/20w/20d/50d .. that's some move for the week

[100sma]

Good morning Cobra,

Is it okay to post my trading setup? Please let me know if you mind. Thanks.

[Al_Dente]

100sma:
just one man's opinion:
YES, keep posting, thanks

[fehro]

SPX gap filled.. nibbled short .. mind yLOD… TRIN very elevated.. mind the downside move VIX green.. VXX weak tho

[fehro]

INDEXes.. TRANsports happy on /CL oil's move.. mixed.. index stall

[Cobra]

it's resistance area, I'm not sure direction.

[Cobra]

triangle, so up is a little more likely. I have no intention to trade today. I just bought a game called "Ancestors Legacy"...

[Cobra]

members only update at 12:08 pm
http://www.cobrasmarketview.com/2018/05 ... ay-update/