05/01/2025 Live Update

[Cobra]

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Testing price channel upper boundary so maybe pull back?

[JFR]

ES daily.

Well above the EMA 20.

Well above the bullish trendline.

Stair-step candles.

Eyes on 5840.

The bias is up.

[JFR]

ES 60 minutes.

Good move up Wednesday.

Now in a trading range for many candles.

At the bottom of that range.

[JFR]

ES 5 minutes.

Chop.

Up then down.

Bias down? Nah. No bias yet. Needs to declare itself.

A clear breakdown beneath 5634 would be strong evidence. As would a clear breakout above 5659.

[JFR]

And there is this ...

The indexes are up so far today.

Back later ...

[Cobra]

Members only update at 10:00 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

It's a morning hourly filled black bar.

[Cobra]

The pullback probably will be bought. EMA20 below is the first likely place.

[Cobra]

Members only update at 12:00 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[grandeG]

S&P like the energizer bunny … seven days, eight days …. can we make it nine days in a row?

[grandeG]

Same trader on the block sweep near the highs. A good size dump afterwards.

[Cobra]

Possible double bottom (green arrows) so maybe the pullback was over.

[Cobra]

Possible higher low (blue arrow).

[JFR]

ES 5 minutes.

Chop.

Up then down.

Bias down? Nah. No bias yet. Needs to declare itself.

A clear breakdown beneath 5634 would be strong evidence. As would a clear breakout above 5659.

Attempted breakout of 5659 from 730am to 830am failed, and again just now.

Many tests of 5634 to break down, all failed.

Stuck in between. No Man's Land. No progress.

Day trades in the range have been playable.

[JFR]

https://www.marketwatch.com/

It is very hard to keep the market down. Resilient is the word.

[Cobra]

Break the blue line should be more likely.

[JFR]

Banks and finance companies have been doing well lately on the stock markets.

Not recommending, just sharing information.

WFC was posted on here in February and May of last year.

WFC. Founded in 1852. HQ in San Francisco.

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment provides banking and credit products across industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment is composed of corporate banking, investment banking, treasury management, commercial real estate lending and servicing, and equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth and Investment Management segment refers to personalized wealth management, brokerage, financial planning, lending, private banking, trust, and fiduciary products and services. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA. -- StockCharts

[Cobra]

Members only update at 3:32 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:50 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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/ ... /533449397