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This bull may have legs. Must be a very good news.

Members only update starts here: http://www.cobrasmarketview.com/2020/05 ... ay-update/

QQQ SELLING < 228.48 edit
$SPX SELLING < 2,959.89 edit
SPY SELLING < 295.79 edit
SP.1 Jun Fut SELLING < 2,953.75

Blow-off Day ?

This type of gap will not fill in one day, Flat sideways boring for day traders

sell first,

ES 5. Pushing up above the pivot.

ES daily. In a very wide base, up to a trendline.

The FEELING is a partial gap fill at least, don't expect big uptrend day at least.

RobinHood is down...

Bear first hourly sell setup, right shoulder here or never. need to see new LL from here though or don't count.

Take the time to relax, probably will consolidate whole day.

We are NOT going down today that's for sure.

QQQ HOD
FANGs HOD

I think the Fed got something to do with this move.

Bears don't want to see new high, do or die today.

This high last battle for bears.

NOMURA's models were short, and got "steamrolled" today ....
[Pasta here: at least part of the rally was them being squeezed out]

Nomura didn't give numbers today, but their old numbers were:
2944 all in long
2733 all in short

MRNA Target + 48 %
From 75.61 to 112

New High

ROE -32.76 %

Last week the discount retail brokerages reported record (or near record) opening of new accounts. Schwab, Ameritrade, RobinHood. (And once in a while, RobinHood is actually working, but not today).
That suggests we little retailers are moving the market, and that is suspicious, unusual, and disconcerting.... as WE are usually the "bagholders" ...