05/27/2021 Live Update

[Cobra]

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It's descending triangle breakout on the upside, maybe failed.

Small gap up so probably just a range day. Today and tomorrow suppose to be very very boring before the holiday.

[JFR]

SPY 15. Up a bit over last day close. Is the market going to be active? Maybe.

[JFR]

ES daily. Forming a base. Sideways action so far.

[JFR]

Dow 30. More green than red. Frequent leader/laggard BA leading again.

[JFR]

SPY 5. Showing a lot of strength so far.

[JFR]

SPY 5. Trading range. Looking for a breakout.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[Cobra]

It's a morning hourly filled black.

[Al_Dente]

After 6 days of indecision FCX copper prints a bit of a bullish-island gap
but it must hold until the close, else void
Daily

[JFR]

Alternatives. DBC up. IAU down. IYR flat. SPYG chop. SPYV up and then flat. TLT down, then flat. USO schizo. UUP schizo.

Taking a break.

[Al_Dente]

When this VIX spread gets way up here… there is often a SPY pullback of a day/few days
Over the last 7 months: 75% success rate (25% fail rate)
Daily

[Al_Dente]

... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)

[Al_Dente]

... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)

[add: the only MSM that really "drilled down" on the oil news last night was Maddow (she has the #1 rated cable news show, regardless of what you may hear to the contrary.....]

[JFR]

... USO schizo.

USO should suffer from monster news yesterday (good for climate folks, bad for all oil long term)

Yeah. I read a lot of news, but did not read that. And of course there it is in the chart.

From marketpulse ...

Later.

[Al_Dente]

what the hell was that ?

[JFR]

what the hell was that ?

I never even got away from my keyboard. But I had no setups form on stocks this am, so I will take my break.

[Al_Dente]

what the hell was that ?

I never even got away from my keyboard. But I had no setups form on stocks this am, so I will take my break.

[Cobra]

Maybe we had the range high, now seeking range low. The blue below is the very first possible place because it's tested twice and held.

[Al_Dente]

Love her or hate her, she had the “deepest” coverage of oil last night.
Please try to see this with your NON POLITICAL glasses on.
This is the biggest oil news in decades.
https://www.youtube.com/watch?v=UHdnCnvYJeo

[Al_Dente]

note new ETF
symbol is FOMO !!!