05/15/2026 Live Update

[Cobra]

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Double bottom or not, wait and see. Could be as generally gap down, it'll try to fill the gap upon open.

[Cobra]

Members only update at 10:03 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Rejected at EMA20, may try again I guess.

[Cobra]

Rejected again at EMA20, now testing the day low, let's see whether bulls can make a double bottom.

[Cobra]

Members only update at 12:09 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Trades w 2 Cats]

Not sure what going into the weekend with a large unfilled gap down means.

[Trades w 2 Cats]

Charlie McEllioggt at Nomura posted this analysis. He is saying the leveraged etfs, market neutral funds etc that are mechanical buying on the way up do the same on the way down. Sort of goes with what happens on Monday.

Edit, left side scale is percent change in S&P

[Trades w 2 Cats]

Free update on X Saying Dealer Gamma still positive but fading fast.

[JFR]

SPY 5.minutes.

Gap down..

Then sideways, in a wedge.

No hype, no hot air, so far in the market today.

[Trades w 2 Cats]

Trying to crawl out of the range. Not looking very energetic.

[JFR]

MarketWatch

[JFR]

Tech sector down, pulling the market down.

Portfolio: oil USO up, gold GLD down.

[Cobra]

Need decisively break the blue line to confirm but I think the low might be in for today.

[Cobra]

False breakout then fell back into the range, no clear direction now. In theory, could test the range low then rebound.

[Cobra]

Members only update at 3:38 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 Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

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/ ... /533449377