05/15/2024 Live Update

[Cobra]

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Must be a good news, QE coming perhaps.

[JFR]

ES daily.

Moved up off the trendline.

Way above the EMA 20.

Eyes on the top, which is very close.

Bullish marubozu under way for today.

[JFR]

ES 60 minutes.

Moved up from a box on Tuesday.

Moved up from a very tight range this morning.

Through R1.

[JFR]

ES 5 minutes.

Sudden move up above R1. Forming a base.

For the market's next trick ... we will see.

Looking to trade for about an hour.

Scalps on ES of course, if I catch a move.

And day trades on some stocks I am watching, again, if a move cooperates. Ha ha.

Expecting a short trading day for me. And it might be even shorter, depending on the open.

[JFR]

ES 5 minutes.

Testing the top of the base again.

[BullBear52x]

Gap play, dip will be bought, Fad action, day trade made simple.

[BullBear52x]

Intraday: new swing high, it is bullish bias, so much of supports, but what you do?

[JFR]

ES 5 minutes.

Now testing through the bottom of the base.

Gawd. Range like behaviour.

[BullBear52x]

This is the picture of your tax dollar. with 11 cents go to pay the interest. QE that Cobra mentioned will only get more expensive.

[JFR]

ES 5 minutes.

Heading back to the top of the range.

No fades for me today.

Later ...

[Cobra]

Members only update at 10:13 am
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[BullBear52x]

understand open range, this is the open range for me, up or down outside will signify the day direction, range day will also be called out if the range get crossed twice. simple as it can get. for now any thing goes for both buy range low or sell the range high, same R/R.

[Cobra]

It's a morning hourly filled black bar.

[JFR]

WFC 5 minutes.

Was waiting for one of these, on one of my favorite stocks. It did not cooperate, up to this time. Ha ha.

Done for the day. Have a good one.

[Trades w 2 Cats]

It is what it is- Note the RSI and MFI both saying overbought on this chart.

[Trades w 2 Cats]

Same chart but regular hours only. MFI not overbought.

[Cobra]

So far it's an uptrend day. This bull shall have legs.

[Trades w 2 Cats]

Standard 2,000 tick Price Action chart. Point being the machine drawn regression channel says to me they turned on the algo botts. No idea where they are going but apparently declining retail sales confirming that the consumer is done firmed up bets for September and December rate cuts or at least that is the "story".

[Cobra]

It's the very first test of EMA20 today so could attract some buyers. The pullback probably would be bought.

[Cobra]

Members only update at 12:10 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/