Cobra's Market View

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consolidation for the past 3 days, no direction.

members only update starts here: http://www.cobrasmarketview.com/2019/05 ... ay-update/

Kaboom! Emerging Markets strong at the start. Over 1% gains in EEM, FXI, EWZ...

From pundit S.Redler: "Range is tight. SPX will need to get and stay above 2841 to relieve some pressure." {--HOD so far has been 2840.50}

UUP hod, dollar is still in demand.
Coming up strongly, off a recent test of its (upslope) daily 20ma.

TLT at a new daily multi-whatever high, off the charts. Bond bears are crushed.

Media keeps talking about world wide dollar shortage and of course the flight to safety in Treasuries. No clear reason yet for those trends to change what with the way Fed speakers are talking and the saber rattling out of Washington.

A triangle, will see if we get a bounce or a breakdown....

some support here so maybe a rebound first, but at the best for bulls it's just a range day today.

Looks like a bottoming formation and the timing is right for the usual up move into the Euro Zone close.

As the text book says support becomes resistance. Move up for euro zone close looking like a pull back for the bears to reset. So back into the range.

Maybe the ST range for now...

Been watching the smalls this morning. Need a push to a higher high....

At the top of the range now....

Trying to break out.....

Does anyone have a video of paint drying?

Finally within the possible bounce zone looking for a scalp set-up.

No breakout, back at the bottom of the range.....