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05/02/2025 Live Update

Posted: Fri May 02, 2025 8:45 am
by Cobra
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Kind of ascending triangle, breakout is more likely.

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Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 9:29 am
by JFR
ES daily.

Up and up in stair-steps.

Well above the EMA 20.

Eyes on 5840.

2025-05-02_06h26_09.png

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 9:33 am
by JFR
ES 60 minutes.

Very wide trading range.

Trying to break out above that range.

2025-05-02_06h29_43.png

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 9:37 am
by JFR
ES 5 minutes.

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

Hitting resistance at 5699.

Testing support at 5682.

2025-05-02_06h33_59.png

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 9:41 am
by JFR
Lots of the banks and finance companies are looking good.

WFC and BMO for example.

Not recommending, of course.

Back later ...

2025-05-02_06h39_41.png

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 10:05 am
by Cobra

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 10:07 am
by Cobra
It's a morning hourly filled black bar.

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Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 10:52 am
by Trades w 2 Cats
2025_05_02 (7_50_30 AM).png
Lots of action at the 00 level.

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 12:04 pm
by Cobra

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 12:09 pm
by Cobra
Could be an exhaustion bar so a pullback might be due.

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Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 2:03 pm
by Cobra
My guess is the current rebound would be sold.

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Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 3:33 pm
by grandeG
Thank you guys for all of your valuable insights! Always much appreciated! Have a great weekend everyone!

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 3:33 pm
by Cobra

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 3:53 pm
by Cobra

Re: 05/02/2025 Live Update

Posted: Fri May 02, 2025 3:54 pm
by 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