05/05/2026 Live Update

[Cobra]

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Strong rebound, maybe more.

[BullBear52x]

Swing setup: this rip will be sold.

[Cobra]

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

[BullBear52x]

New sell new box, make or break.

[JFR]

SPY 5 minutes.

The bullish move started in the pre-market.

And it continued on for over an hour.

Now forming a messy range.

Thar ain't no quit in them bulls. All aboard? No thanks, I will day trade instead.

[Cobra]

Members only update at 12:02 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[BullBear52x]

internals are ready for a relief rally pull back, but bulls will not roll over and die. need to see price action from here.

[Cobra]

Nothing to day, it's a rising wedge with room to grow so not bearish yet.

[JFR]

SPY 5 minutes.

Little breakout.

The bulls are pushing.

[Cobra]

Bigger rising wedge, still has room to grow so still not bearish. This is why rising wedge isn't necessarily bearish as it can always turn bigger until near the apex.

[Cobra]

Members only update at 3:35 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[BullBear52x]

LOL, we are never going down again ever. Peace!

[Cobra]

Members only update at 3:51 pm
https://www.cobrasmarketview.com/2026/0 ... 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

[JFR]

Spy 5 minutes.

The bears wake up.