06/02/2025 Live Update

[Cobra]

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Higher low, therefore the low was in?

[Cobra]

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

[Trades w 2 Cats]

Pretty clear we are trading range bound rules so far today.

[Trades w 2 Cats]

Of course by the time I got that posted we had a breakout. Lets see if it can go anywhere.

[JFR]

ES daily.

Sideways since May 12.

Above the EMA 20.

Eyes still on the top, imo.

[Cobra]

Members only update at 12:07 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[JFR]

ES 60 minutes.

No progress.

Sharp up and down on Thursday.

Since then the players have been asleep.

[JFR]

ES 5 minutes.

Some action at the open.

Quiet since then.

Trying for a breakout.

[Trades w 2 Cats]

Trying out a linear regression indicator. Center line changes based on bar close while outer color based on regression channel direction. So far I like it. Called dpLRL.
Also upgraded to the 4 day old release of Ninja Trader. I like the improvements.

[Cobra]

Nothing to say, it's a boring day so far. Here's my guess.

[Trades w 2 Cats]

Big picture from 10,000 feet. 50 day providing support, but if this is just a monumental short squeeze then we are running out of momentum.

[Trades w 2 Cats]

30 minute equivalent. Fib levels say we are going up with the Atlanta Fed GDP now.
My bigger problem is we are within the minimum move for wave 3's of a couple of higher degrees. So , following the rules, the summer swoon is on deck. The only question is where will the top be.

[Trades w 2 Cats]

This is the most negative outlook I follow. Haven't changed anything for several days. He is counting everything as a large time frame pull back from a primary down trend.

[Cobra]

So far goes as expected. Could be another up (dashed black line) to make a lower high or slightly higher high.

[Trades w 2 Cats]

This is my 30 minute with 5 minute equivalent tick chart. Order Flow trade detector saying major level (last several days high) is being decided.

[Trades w 2 Cats]

Wide angle of the same chart to give it some context. IF you had shorted after the failed TACO high wouldn't this area be the obvious choice for a stop? For swing traders that is.

[Cobra]

Goes as expected. The up is stronger though so maybe now bias is a little bit up although a pullback still is expected but after which there might be another up.

[JFR]

ES 5 minutes.

Up the stair steps.

Ya can't stop the bulls.

[Cobra]

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

[Cobra]

Members only update at 3:48 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/