05/02/2025 Live Update

[Cobra]

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Kind of ascending triangle, breakout is more likely.

[JFR]

ES daily.

Up and up in stair-steps.

Well above the EMA 20.

Eyes on 5840.

[JFR]

ES 60 minutes.

Very wide trading range.

Trying to break out above that range.

[JFR]

ES 5 minutes.

Nice move up starting an hour before the "open."

Hitting resistance at 5699.

Testing support at 5682.

[JFR]

Lots of the banks and finance companies are looking good.

WFC and BMO for example.

Not recommending, of course.

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.

[Trades w 2 Cats]

Lots of action at the 00 level.

[Cobra]

Members only update at 12:03 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Could be an exhaustion bar so a pullback might be due.

[Cobra]

My guess is the current rebound would be sold.

[grandeG]

Thank you guys for all of your valuable insights! Always much appreciated! Have a great weekend everyone!

[Cobra]

Members only update at 3:31 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:52 pm
https://www.cobrasmarketview.com/2025/0 ... 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