05/06/2026 Live Update

[Cobra]

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The pullback probably will be bought.

[BullBear52x]

Gap play, Go or no go, that is the question this morning.

[Cobra]

Members only update at 10:05 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

This bull shall have legs.

[BullBear52x]

Bears have no chance.

[Cobra]

Members only update at 12:07 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

For now I don't expect lower higher (red arrow). Decisively break the blue line below may change my minde.

[BullBear52x]

I think HOD is in, but who will sell this market? Patience....Peace!

[BullBear52x]

Don't sell a dull market, not today. more and more support stacking up. GLTA.

[grandeG]

Of the mindset, we need a little relief coming up. As much as I’d love to see the market just do this every day. We know it ends soon or later.

[grandeG]

The weak hands have definitely been shaken out. Dumb retail is just making handover fist while risk managers are getting massacred. Anyway, I’m looking to possibly swing a short sometime soon.

[JFR]

SPY 15 minutes.

Irregular Stair-Step up. (2 steps forward, 1 step back included)

Base to base.

[JFR]

SPY daily.

Gap up.

Trend up.

Buy. Buy. Buy. ''Party 'til the bomb drops'' attitude.

[JFR]

SPY 5 minutes.

Are we in 'boom times'? I don't think so.

But the market is behaving that way.

Play the charts. Ignore the hype. Ignore the manipulation --> Hormuz good, Hormuz bad. All bad, imo.
But snippets of war ending talk and the market levitates.

''"Boom times" refer to periods of rapid economic growth, high employment, and increased prosperity for industries or regions. These eras are often marked by high consumer demand, rising asset prices, and increased investment, sometimes triggered by factors like energy spikes, industrial expansion, or post-crisis recovery.''

[Cobra]

This bull shall have legs.

[Trades w 2 Cats]

They are saying call wall at 7390. Looking like three push up at this point.

[Cobra]

Members only update at 3:36 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:54 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Well, guess that's it for today. Here's what Thursday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449387

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/ ... /533449387