05/31/2024 Live Update

[Cobra]

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Must be rate cut soon AGAIN, big up today? Don't know, I'm tied of this game.

[JFR]

ES daily.

Down from the trendline.

Down beneath the EMA 20.

Hanging on the EMA 20 like birds on a wire.

[JFR]

ES 60 minutes.

Down. Down. Down.

And then a bounce above the Pivot, as it tries to move to a higher level.

[JFR]

ES 5 minutes.

Up through the Pivot, and then down,

testing beneath the EMA 20.

[Cobra]

Members only update at 10:02 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

It's a morning hourly filled black bar

[Cobra]

No rebound in the next couple of bars then it's a downtrend day.

[Cobra]

Consolidation, bias is down.

[OptionsWarrior]

So far Net Option Flow on SPY is bearish, orb to the downside, bearish bias but we'll see if it's a breakdown or a fakedown.

Smart and momo both selling for most of the day.

[JFR]

BAC. Bank of America.

Day trading possibilities.

Not recommending of course.

[Cobra]

Members only update at 12:09 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[KUBAN513]

Have to tip my hat to JFR. His last pick that he did not recommend, nor did I jump on, was ANF.
Were's BB? He must be busy counting money. Hello Cobra and board members. I've been a long time
reader.

[Cobra]

Generally this rebound should be sold, need at least a higher low before bottom is possible.

[Cobra]

Have to tip my hat to JFR. His last pick that he did not recommend, nor did I jump on, was ANF.
Were's BB? He must be busy counting money. Hello Cobra and board members. I've been a long time
reader.

Welcome aboard!

[Cobra]

Consolidation, bias is up.

[Cobra]

Members only update at 3:50 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377

[JFR]

Have to tip my hat to JFR. His last pick that he did not recommend, nor did I jump on, was ANF.
Were's BB? He must be busy counting money. Hello Cobra and board members. I've been a long time
reader.

Hello KUBAN513. Thank you, and welcome.

So there is an audience out there. Ha ha.

Posting on here helps me form ideas, and keep kind of grounded.

Yes, I am sure BB52x is busy counting his money. Ha ha.