05/16/2025 Live Update

[Cobra]

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Price channel or rising wedge, either way, still some room to grow.

[JFR]

ES daily.

An inside candle. Also a doji. Very quiet so far.

The trendline is up.

Well above the EMA 20 and the trendline.

Eyes on the top of February.

[JFR]

ES 60 minutes.

It is on a stair-step up.

In trading range levels.

It just moved back down beneath a key level.

[te_fern]

Watching this channel today..

[JFR]

ES 5 minutes.

Testing down beneath support.

[grandeG]

Watching this channel today.. SPX.PNG

I’m watching the same channel. Thanks Fern!

[Cobra]

Members only update at 10:06 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Trades w 2 Cats]

This could head south at any time. Truncated fifth wave would be OK because we are in range for the next two higher levels. I would be happier if we break through 6000 and that could happen with some sort of Sunday night press release from the White House as we have seen recently. It could also give us that truncated fifth. So stay sharp this weekend!

[grandeG]

Seems like it’s going to be another boring Friday. Hopefully the morning support holds. If we get within a couple of points of the morning low I’d keep an eye on that area for any breach. I’m calling it quits early today. Good day for golf! Have a great weekend everyone and always enjoy reading your thoughts.

[Cobra]

Members only update at 12:00 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

I don't think it's a double top here, instead a breakout should be more likely.

[Cobra]

This bull shall have legs. Maybe a pullback first though.

[te_fern]

Has pushed over the top of the channel. See if the Bulls can keep it from falling back in.....

[Trades w 2 Cats]

This is a five minute chart with 20 minute bars overlay. The zerolag MA cross over behind the bars is off of the 20 minute bars. The black bands are a Raff regression channel. It is a slow afternoon so why not take something simple and make it complicated?

[Cobra]

Members only update at 3:30 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:50 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[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