05/17/2025 Weekend Update

[Cobra]

Up 1 week, the next week has 54% chances to close up, 77% chances to make a higher high.

So more up.

[JFR]

SPY daily.

Stair steps up.

Bullish candles.

Pushing the outside of the Bollinger envelope.

EMA 20 on the way up, cossing over the 50 and soon the 100.

MACD and Histogram up.

Sto maxed out.

Eyes on the top.

Trend up.

Is it all hype? Could be.

But the bias is up.

[te_fern]

Over the weekend, please take a little time to vote for Cobra, thanks: https://stockcharts.com/public/1684859/ ... /533449377

[grandeG]

The market seems to be in a precarious position. 6000 is my line in the sand. Anything above there and I think we go much higher before we can see much lower. Will be looking for some type of retracement in the coming weeks if we can’t get over 6000. So close it should be easy at this point, but I guess we will find out soon enough.

[tsf]

Thank you, Cobra and the board.

IMHO
The trend direction is still up, but its strength seemed to be waning a bit.
The angle of its recent ascent seemed sharper than 45 degree, which might not be sustainable in the near term.
So, perhaps a pullback first, then we'll see.
GLTA