05/06/2024 Live Update

[Cobra]

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Maybe bias is up. We may have an up price channel.

[Trades w 2 Cats]

Pretty clear where the range could be if they can't break higher.

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Trades w 2 Cats]

Fancy RSI has mover into oversold. Struggling to move higher at this point.

[Trades w 2 Cats]

Standard 2000 tick chart says find something else to do today!

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Double top or not, wait and see.

[Trades w 2 Cats]

Tractor beam has grabbed the market! Maybe price can escape after NY lunch!

[BullBear52x]

Swing setup: no change, wait for dip setup to buy.

Intraday: new swing high, it is bullish bias, lots of support below, a closed above red line is a sign of bullishness moving forward. a closed below will be seen as weakness.

Internals: bullish bias.no sign of weakness to call to atm. trade well, Peace!

[Trades w 2 Cats]

The temple of Apollo at Delphi
This shoulde be on every traders wall along with a statute of Fortuna the goddess of luck! Just as a reminder that human desires have not changed. Smelling vapors from a cave or consulting AI, all the same thing.

My lack of Asian history means I can not name the Chinese equivalent, but I am confident there is one.

[BullBear52x]

Bonus chart: On a daily trend following, we are entering sell the rip zone. (RSI < 70 = trigger) simple stuff, first thing first, see last August.

[BullBear52x]

Call buyers will make a killing if they are right: $CPC, $CPCE, $CPCI, and TRIN are all > 1. a little too rich, a day like today $CPC = 1.4, it's in the panic zone usually with this type of reading

[Cobra]

This bull shall have legs.

[Trades w 2 Cats]

0DTE options about to go away. We will see how much of today the bulls can hold on to.

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/05 ... 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