Cobra's Market View

Breakout should be more likely now.

Not sure how important it is too fill this gap now that we are partway.

Sort of stalling out here inside the big gap.

Breakout is failing. Mid day reversal to fill opening gap then back up into this gap for the close with gap closure Monday seems possible in this market.

'U.S. public company insiders offloaded shares worth $24.4 billion this year through the first week of May. That’s almost as much as the $30 billion total they disposed of in the second half of 2020.'
[bloomberg]

Pasta Boss (no political bias intended) do you think tax proposals having an effect on that?

Trades w 2 Cats wrote:Pasta Boss (no political bias intended) do you think tax proposals having an effect on that?

IDK boss
i'm still reeling over the news this week that Jeff Bezos commissioned his new yacht worth ... what was it ... $500 million dollars

ps: my condolences to the companies that are having to increase wages to almost a living wage in order to find employees

High of day is in I think, we hit the V=POC, sitting out now.

On cash spx, Not quite fill the gap maybe more push up to fill? It's Friday. Peace!

Volume surge, overshot, so maybe an exhaustion bar therefore a little pullback here first which likely would be bought though.

The very first test of EMA20 in many many hours so should attract some buyers. Watch for EMA long setup.

ES 5. Pausing to catch its breath.

Some Dow stocks. 15 minutes. "To the Moon, Alice."

Alternatives. All up, except UUP, which is down and chopping along.

Have a good weekend, Everyone.

Friday close has been very strong recently: Bears dare not to hold over the weekend. Let's see if today still is the same.

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