06/03/2025 Live Update

[Cobra]

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Lower high?

[Trades w 2 Cats]

This could be a good spot for the days high.

[Cobra]

Members only update at 10:09 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Maybe a pullback here first which likely would be bought.

[Trades w 2 Cats]

Not so sure I have the right level (sub minuette) but the Fib levels are saying stick me with a fork this impulse wave has run it's course. Or not !

[Cobra]

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

[tsf]

Thank you, Cobra. Your weekend updates were right again. Very impressive.

[Trades w 2 Cats]

Not sure how far they will go today.Fibs are still saying ready for a reversal at any time. Personally confident that options positiong and CTA funds are what is moving this market up at such an artificial pace.

[JFR]

ES daily.

In a trading range.

At the top of that range.

Eyes on the top.

[JFR]

ES 60 minutes.

Up through S1, and the Pivot, and R1.

And there it pauses to catch its breath.

No matter what happens in the economy, or Tariff World, the bulls are ready to buy.

But it seems like Fantasy Land to this trader. And bulls will be bulls. They have to put their money somewhere.

[JFR]

ES 5 minutes.

"Off we go, into the wild, blue yonder."

"To the Moon, Alice." And there we will create a colony, as we are destroying the Planet. Ha ha.

I am actually an optimist. But there are warning signs all over. No wonder the Millennials, et cetera, have fears. Environment. No pensions. No jobs.

[Trades w 2 Cats]

Got a lower low, so count down is on for today's top. Did not see much activity at the 90 level. Lots of activity at 80.

[JFR]

ES 5 minutes.

Hitting the pause button.

Threatening to break down.

[Cobra]

This is too much for an uptrend day, someone said something again?

[JFR]

ES 5 minutes.

Thar she goes.

Back later ...

[Cobra]

Generally the pullback should be 2 legged at least so probably the low wasn't in yet.

[Cobra]

Members only update at 3:28 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Here comes the 2nd leg down, no time left though.

[Cobra]

Members only update at 3:53 pm
https://www.cobrasmarketview.com/2025/0 ... 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