Cobra's Market View

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Double top or not, wait and see.

Three Chart Signals = DOWN DOWN DOWN
https://stockcharts.com/public/1684859/chartbook

SP.1 Jun Fut SELLING < 3,055.25

Members only update starts here: http://www.cobrasmarketview.com/2020/06 ... ay-update/

Probably just a range day, a boring one.

Smalls, can they break thru....

ES daily. In a tight range, but well clear of the EMA 20.

ES 5. Down sharply 6 hours ago. Now in a range.

QQQ SELLING < 233.47
SPY SELLING < 304.71
$SPX SELLING < 3,047.23

Dow 30. About even on the Dow. BA doing well. PFE not.

China hitting back.

https://news.google.com/articles/CAIiEF ... id=US%3Aen

Break thru, looks like it wants the R2 pivot....

5/31 GS:
YTD the 5 biggest stocks are up 15% while the remaining 495 S&P500 companies are lower by a collective 8% 

Today
“ the 5 biggest stocks” since the 2/19 low
Daily

Testing day high, I think only 40% chances of double top here. Probably it's a C&H therefore bias is up.

ES 5. Up to the resistance level again.

sell this 2x top.

A failed to hold on morning HOD will be a sign that the house is out of balanced.

Momentum is weakening in the last few days.