05/19/2026 Live Update

[Cobra]

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IB ES data is wrong so use FinViz instead which has 20 minutes delay. Right now it seems a descending triangle is in the making so bias is down. If bears are able to touch the horizontal line below then breakdown would be more likely.

[Trades w 2 Cats]

Not sure how many more times the 7,375 level will hold.

[Cobra]

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

[Cobra]

It's a morning hourly hollow red

[BullBear52x]

new swing low, it will have to take a very strong reversal to turn this around. staying outside day is a must for da bears.

[Trades w 2 Cats]

Bears hve a lot of work to do to prove this isn't just a larger wave 4 to be followed by a 5 up to 7,600.

What I have for wave 4 now is too shallow. NVIDIA blow out could turn this up and make that new high.

[Trades w 2 Cats]

And down we creep. Guessing 7,350 could be the next line in the sand.

[BullBear52x]

Fearless market.

[Cobra]

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

[Cobra]

Not sure whether it's a double bottom or not (green arrows), need break the blue line to confirm. The blue line has been tested several times, might not hold another test.

[BullBear52x]

Is this gap that is unfinished business?

[BullBear52x]

/ES 7400 round number, the battle line.

[JFR]

SPY 5 minutes.

The day starts with a reality check by those more cynical about where the market should be.

Then the bulls wake up, and commence buying. They don't need a reason.

[Cobra]

This bull shall have legs.

[BullBear52x]

Look below and failed. well, for me to believe that the bulls are serious, I need to see a closed above 61.8% to have a bullish piercing candle. then....moon travel ticket will be Re-booked.

[Trades w 2 Cats]

It is the difficult question, which to close first?

[JFR]

MUFG Mitsubishi

The chart, although choppy, shows bullish action.

A quick check shows good fundamentals for this giant. P/E, Revenue, NI, etc.

Mitsubishi UFJ Financial Group, Inc. operates as a bank holding company that engages in a range of financial businesses in Japan, the United States, Europe, Asia/Oceania, and internationally. It operates through seven segments: Digital Services, Retail & Commercial Banking, Japanese Corporate & Investment Banking, Global Commercial Banking, Asset Management & Investor Services, Global Corporate & Investment Banking, and Global Markets. The company offers commercial banking, trust banking, and securities products and services to retail and small-and medium-sized enterprise customers.. Mitsubishi UFJ Financial Group, Inc. was founded in 1880 and is headquartered in Tokyo, Japan.,-- StockCharts

Does Buffett own shares in this company? Apparently not.

[BullBear52x]

Swing setup: sell, new sell new box, make or break. first thing first. Right at the pivotal level mentioned on the weekend. Peace!

[Trades w 2 Cats]

Options service saying we watched dealer hedging come in after the low was set. Saying 7400 is now the support.

[Cobra]

Not sure if we had the lower high (red arrow). Wait and see.