05/23/2025 Live Update

[Cobra]

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Big gap down, usually rebound a little upon open after which we'll see.

[grandeG]

Some pretty good selling the last few days. Plenty of little surprises. Although I wouldn’t be surprised to see today end in the green?

[Cobra]

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

[Trades w 2 Cats]

Fib levels still looking for a push up to a new high or close to it. However, if this thing heads down again my count blows up.

[Trades w 2 Cats]

Fast candles are 5,000 tick with 15,000 tick overlay. The Moving average cross over is 13 bar Zero lag TEMA and HATEMA one for each set of bars. Trying to get perspective on larger moves beyond the 2,000 tick priced action trading chart.

[Cobra]

Testing EMA20 which is the bear's last chance for another leg down, key time.

[JFR]

ES daily.

Trying to break down through a support level.

Down to the EMA 20.

Down beneath the trendline.

[JFR]

ES 60 minutes.

Some strong moves down.

Down through the Pivot, S1 and S2.

Finding support and a bottom at 5760.

[JFR]

ES 5 minutes.

After the move down, moving up from base to base.

Trying to break out of a very tight trading range.

Lots of sideways action. No progress.

[JFR]

Market news ...

https://www.marketwatch.com/livecoverag ... =home_lead

The stock indexes, ETFs and futures are all down.

[Cobra]

Members only update at 12:03 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Testing the day high (horizontal blue line), it's a 3 push up leading to the day high, now pullback and revisit the day high so not a bad chance of a double top here, watch.

[Cobra]

Decisive new high so it needs another revisit of the high (double top) before a top could be possible as illustrated by dashed blue lines. Unless, well, someone said someone said something again in between which significantly altered the course.

[grandeG]

It’s Friday. With a long weekend coming up it’ll be interesting to see if anyone wants to hold short-term positions through the weekend.

[Cobra]

Pennant? So maybe bias still is up.

[Cobra]

Bigger pennant, breakout on the upside 51% of the time.

[Cobra]

Members only update at 3:31 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

OK, it's a 2 legged pullback instead of a triangle, kind of bull flag, so cannot say bulls are bad yet at least.

[Cobra]

Members only update at 3:47 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Tuesday looks like: https://stockcharts.com/public/1684859/ ... /533449374

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/ ... /533449374