05/27/2022 Live Update

[Cobra]

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Cup with handle, bias is up. I don't read the pattern as a potential double top.

[koolblue]

[koolblue]

[koolblue]

[BullBear52x]

It's Friday and going into a 3 days weekend. quick Ins/Outs. I am not bullish today but will sit and see first.

[BullBear52x]

Daily follow the trend is now enter sell the rip zone. we may hold up today to lock in RSI>70, (sell trigger RSI<70)

[BullBear52x]

Close to where I want to sell. will start selling here.

[koolblue]

[Cobra]

THE UPSIDE.png

So are you going to short in the area you marked? If you do, what your stop loss will be?

[Cobra]

Members only update at 10:08 am
http://www.cobrasmarketview.com/2022/05 ... ay-update/

[Cobra]

Started like an uptrend day. No sharp pullback here then it'd be an early sign.

[koolblue]

Already did1 short one at 4117. but im not sure much will come of it.Im up 35 handles due to a long right after the open at 4087.50. i usually start with a 10 handle stop , quickly raising it to 7 handles for the trade. It depends on the expected profit potential . (current stop is at 4123)

[BullBear52x]

Upside, looking up to 4127 max. down side 4050. R/R is better with da bears. /ES

[koolblue]

ugh! stopped for a 7 handles loss on my short..that was a countertrend trade , always dangerous any way

[koolblue]

[Cobra]

Breakout should be more likely, I don't think it'd be double top here.

[Cobra]

Already did1 short one at 4117. but im not sure much will come of it.Im up 35 handles due to a long right after the open at 4087.50. i usually start with a 10 handle stop , quickly raising it to 7 handles for the trade. It depends on the expected profit potential . (current stop is at 4123)

10 handle for stop loss, then what's your usual target? I guess it should be at least 20 handles?

[Al_Dente]

Inverted H&S
15min

[Cobra]

Members only update at 12:13 pm
http://www.cobrasmarketview.com/2022/05 ... ay-update/

[Al_Dente]

SPX intraday
previous days discretionary led the bounce
today it is pretty well diversified with technology in the mix... that's good for bulls...