05/21/2024 Live Update

[Cobra]

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In a range, no clear direction, especially now it's in the middle of the range...

[JFR]

ES daily.

5325.75. Down a bit from 5333.00.

Birds on a wire. Somewhat precarious position.

But way above the EMA 20 and the trendline.

Bulls seem to be asleep.

[JFR]

ES 60 minutes.

Boxes. From box to box.

Uh oh. The last move was down.

Getting near to S1. Eyes on it.

[JFR]

ES 5 minutes.

Fairly strong move down, after a quiet, range-bound overnight.

[JFR]

Indexes. Futures and ETFs.

Much of the market is down.

Not cooperating with me, as I was prepared to trade some longs today. Ha ha.

[Cobra]

Members only update at 10:18 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

It's a morning hourly hollow red.

[marcueus2]

It's a morning hourly hollow red.

Are you sure of it? No black bar in real data on 30 min chart

[Cobra]

Members only update at 12:08 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Lower high or not, wait and see. For now I don't believe it'd be a lower high, the pullback probably will be bought.

[BullBear52x]

Swing setup: no change, trap inside box.

Intraday: new swing low, it is bearish bias. calm before the storm?

Internals: bearish bias, very slow day overall, not much to say. Peace!

[Cobra]

Don't think it'd be double top here but well, let's see.

[BullBear52x]

Bonus chart: DOW theorist? no goods shipment, market top in Macro view.

[Cobra]

Members only update at 3:33 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381