05/09/2024 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.

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

Pennant breakout? More often the initial breakout is a false one. The 2nd breakout may or may not on the opposite side though.

Noticed the forum has been slow recently even without many visits, don't know why, will investigate. The other forum running on the same server runs much faster so definitely is not because of a poor hardware. Something wrong or not appropriately configured with phpbbs (the software of the forum).

[Cobra]

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

[Trades w 2 Cats]

Second attempt at the supposed call wall

[Trades w 2 Cats]

A detailed view of the fight at 5230

[Cobra]

Consolidation so bias is up.

[Cobra]

Members only update at 12:23 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Trades w 2 Cats]

Pulled back to support, now trying for a breakout but that is not happening so far.

[Trades w 2 Cats]

Big 30 year bond auction on the hour,. could be a market mover!

[BullBear52x]

Swing setup: sell triggered, make or break, 2x top here or fail.

Intraday: swing high, it is bullish bias, bulls are not ready to fold just yet.

Internals: no follow through for bears here, back to bullish again, so.....let see how today's unfold. Peace!

[BullBear52x]

Bonus chart: why this level is critical to both bulls and bears? retest the first LL break down of all time high. to regain the control bulls will need to charge over this zone. get your pop corns and your favorite beverage out it will be fun here. R/R is favoring the bears atm.

[BullBear52x]

CNBC is now lining up who will be on the show tomorrow, Tom Lee or Peter Schiff.

[Cobra]

Possible 3 push up so a pullback might be due.

[Trades w 2 Cats]

Talk about hitting a wall !

[Cobra]

Members only update at 3:35 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Members only update at 3:55 pm
http://www.cobrasmarketview.com/2024/05 ... 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