05/14/2024 Live Update

[Cobra]

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So far a failed (long lower shadow) double top (red arrows) breakdown which is normal as the initial breakout usually fails, let's see whether bears will try again.

[Cobra]

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

[Cobra]

I'm expecting a boring range day today if refuses to go down so will be out for awhile, be back around 1pm

[Trades w 2 Cats]

Back into the prior days POC. So a nothing burger. Must be the market was expecting bad news.

[Trades w 2 Cats]

20 minute bars showing we are slowing sinking.

Lots more CPI plus Empire State and Retail Sales tomorrow an hour before the regular New York open.

[BullBear52x]

Swing setup: in the buy, trapped in the box.

Intraday: another inside day, any thing goes.

Internals; bullish bias, CPI, PPI and the dovish Fed is the talks in town. toppie looking to me, on the $VIX side of thing I see a little crack today. let see what the CPI and retail sales will do tomorrow. Peace!

[Cobra]

Members only update at 1:01 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[BullBear52x]

Bonus chart: before a short term trend change, we will have a good few days of volatility, very calm at the moment, no storm, the sky is clear. lets hope for good trend day tomorrow, up or down, not a gap and go no where.

[Trades w 2 Cats]

Is this the after lunch push? Or will 5,250 once again prove to be resistance?

[Cobra]

Testing range high, if this still is a range day then should be a pullback here.

[Trades w 2 Cats]

Serious buying going on. Hard not to call this an impulse.

[Trades w 2 Cats]

I am probably wrong on this but the drop for PPI followed by the impulse up this afternoon is matching the pattern I had previously laid down. We will see where we are really at after tomorrows data, Friday's option expiration and Buy the Market Monday.

[Cobra]

This bull shall have legs.

[JFR]

ES daily.

Bullish engulfing candle.

Sitting like birds on a wire on the trendline.

Well above the EMA 20.

Eyes on the top.

[Cobra]

Members only update at 3:43 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[JFR]

ES 60 minutes.

Rocket ship, breaking out of the box.

To the Moon, Alice.

[JFR]

ES 5 minutes.

Very nice move up. 30 points.

I missed it. But who cares? Another bus comes along tomorrow.

Have a good afternoon.

[Cobra]

Members only update at 3:53 pm
http://www.cobrasmarketview.com/2024/05 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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/ ... /533449381