05/04/2026 Live Update

[Cobra]

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Very long lower shadow so maybe more rebound?

[Trades w 2 Cats]

Volume and price agree that Friday was the top for now. Overnight session mostly below VWAP

[Trades w 2 Cats]

Pretty obvious wedge to open the day. The reported missile strike woke up the algos when you look at time per 2,000 tick bar but the range didn't move much.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

Well something happened!

[Trades w 2 Cats]

last call for the bulls

[BullBear52x]

The bulls are running too hot. the price is as expected, let see what the internals said from here.

[grandeG]

Seems like the selling is due to some explosions in the Dubai area. Maybe a petroleum facility. My guess is it gets cleared up soon.

[Cobra]

Members only update at 11:58 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Bulls are trying to rebound but so far cannot make even a bear flag I think continue down is more likely.

[BullBear52x]

HYG surely has been cracked, watch the $VIX, no fear no bear. if tomorrow continues with the weakness, the early bird will get the worms.

[JFR]

SPY 5 minutes.

Sis. Boom. Bah..

Reality hits. Things aint that good.

Caution in the market is advised.

There will be bull days and bear days.

Play the charts.

[JFR]

SPY 15 minutes.

Lots action.

But no sustained trend carrying over days.

[BullBear52x]

The algos channel, that's all she wrote today. Peace!

[Cobra]

Decisively broke the EMA20, maybe we had the higher low which means the low might be in for today.

[Cobra]

Cup with handle, breakout on the upside is more likely.

[Cobra]

Members only update at 3:39 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:52 pm
https://www.cobrasmarketview.com/2026/0 ... 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