06/17/2025 Live Update

[Cobra]

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I can see bulls are trying to rebound (kind of double bottom). Will need wait and see whether they can make it.

[JFR]

ES daily.

Super strong resistance level.

Knocking on the door of a breakout since May, but no go, so far.

Tariffs. Israel and Iran. Ukraine. It seems nothing can deter people from putting their money into stocks.

Inflation and recession could do that, methinks.

[JFR]

ES 60 minutes.

Ups and downs, going nowhere. Ho hum.

Scalps and daytrades are possible, however.

[JFR]

ES 5 minutes.

Ups and downs, going nowhere, on the 5 minute as well.

[Cobra]

Members only update at 10:05 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

It's a morning hourly hollow red

[JFR]

USO XLE

Oil and energy stocks are doing well at this time.

Not recommending, just sharing what I see.

[BullBear52x]

Fearful market. bewarned!

[BullBear52x]

Intraday: inside day, anything goes, bears need to keep this under 38.2% to stay bearish.

[Trades w 2 Cats]

Not a recommendation- VLCC rates (very large crude carriers) back up to $50,000 a day.So FRO and all the other tanker stocks with exposure to the spot market should be moving up. Straights of Hormuz being closed means they gotta go around Africa to get to Rotterdam.

[Trades w 2 Cats]

[Trades w 2 Cats]

Public Service -
Tomorrow at 2:30 p.m. ET: Chair Powell hosts live #FOMC press conference: https://federalreserve.gov

[q2model]

It's a morning hourly hollow red


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I think May 23rd is not shown on the chart, market opened lower.

[Trades w 2 Cats]

Looks like a major player has a range they need to control. Or just random action.

[Cobra]

Members only update at 12:02 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[BullBear52x]

Negative D, the Fed may not come to rescue, I am leaning bearish on a bigger picture until the momentum turns positive once again. for now, be nimble and lighten up position sizing. Range bound waiting for Fed. 10 handles range, why waste time? Peace!

[Cobra]

Double bottom?

[Trades w 2 Cats]

Interesting that the opening print is now resistance.

[Cobra]

Biggest red bar so might be a rebound here first which likely would be sold later.

[Cobra]

Testing EMA20, decisive breakout would mean the low was in, key time.