05/03/2022 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to cobra@cobrasmarketview.com.

=============================================================================================================================================================================

Don't know whether the pullback overnight would be bought or not, I give it 51% chances, maybe?

[JFR]

ES daily. Back to yesterday's open and close. Monday's candlestick formed a hammer, testing down, and finishing back up where it started the day. Still sitting on a ledge. I would say the bulls got a reprieve yesterday, but they still look to be in danger.

[JFR]

ES 60. Some decent moves. Respect for the EMA 20. Respect for key levels and Pivots. Now just above the Pivot.

[JFR]

SPY 15. A move south, and then an equal move north. Quiet overnight, and in a range for about 8 days, as the market makes up its mind about which direction to go.

[JFR]

ES 5 minutes. A test down about an hour ago, and then a bounce back up, after finding support at 4130.

Got some stuff to do. Gonna miss today's action also. Have a good one.

[BullBear52x]

Cash SPX, entering sell the rips on swing sell setup. find excuse to sell this morning.

[koolblue]

CURRENTLY SHORT:

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2022/05 ... ay-update/

[BullBear52x]

Bid it up or fail.

[BullBear52x]

swing triggered, will see how much bears can get from here, LL will be the aim. the box is here easier to day trade now.

[Cobra]

I see 3 push up (red arrows), the general pattern thereafter is illustrated by dashed blue lines.

[BullBear52x]

Looks like a fail breakout, overnight low should be something the evil bears can aim at.

[koolblue]

[BullBear52x]

squeeze continues, Oy....

[BullBear52x]

Breakout again, when you think it will fail, buy the dip coupons are back for intraday.

[BullBear52x]

looking up /ES 4223

[Trades w 2 Cats]

Last week's VPOC at 4313 something looks like a good target

[Trades w 2 Cats]

Higher tick count view

[BullBear52x]

ES 06-22 (Daily) 2022_05_03 (10_18_43 AM).png

Last week's VPOC at 4313 something looks like a good target

4213 or 4313? 100 points different there boss?

[Mr. BachNut]

Just a few quick BachNut comments:

Bears managed to tag the lower keltner band yesterday at 4062.98 confirming a bear bias until further notice.
That said, the lower band may have been a good buy spot for a reversion to some mean if a bounce is developing.
The 200 MA is now resistance.

There has been a positive NYMO divergence for several days now as price has made new lows but NYMO has ticked up. Bullish.
Typically after NYMO pulls out of the lower Turn Zone, it is good for a trip up to the zero line or at least near it even if the move doesn't turn into a full fledged up cycle.
It is not unusual to see price find its way to the middle keltner with such NYMO rallies.

There are five open gaps above and none below. Not used to seeing that...
FOMC tomorrow.

I am still inactive but am now monitoring for a setup.