06/05/2026 Live Update

[Cobra]

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Another lower high (red arrow)?

[BullBear52x]

I heard it somewhere, a strong straight up market always correct in price, not in time. so, if the correction is to start, I am expecting it to correct in price this time. let's roll the dice....

[BullBear52x]

/ES 7500 round number, VPOC @ 7507

[Cobra]

Members only update at 10:06 am
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[BullBear52x]

This dip will be bought, so....first thing first then will see. not yet trigger, support at VPOC atm.

[grandeG]

Searching for a bottom. I guess the consecutive weeks are going to be broken today.

[Cobra]

Revisit the day low, let's see whether bulls can make a double bottom.

[BullBear52x]

No fear, that means people are still not hedge. this could be dangerous real fast once the fear picks up.

[BullBear52x]

Swing buy setup; new buy new box, make or break!!!!

[BullBear52x]

Bottom is in? the red line will tell.

[Cobra]

This bear shall have legs.

[BullBear52x]

/ES support at 7471.5 area. SPX at mid band support area also.

[BullBear52x]

Intraday melting down, no end in sight atm. it's Friday. Peace!

[Cobra]

Members only update at 12:03 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[BullBear52x]

Chart for the road: this is what fearful market looks like, not the strait of Hormuz. LOL

[Daniel]

McClellan Summation Index has gone negative.

[JFR]

SPY 5 minutes.

Down and down.

Over-hyped, over- pumped market, in my opinion.

I don't mind this downslide.

[Cobra]

This bear shall still have legs.

[Cobra]

Members only update at 3:38 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/

[Cobra]

Members only update at 3:55 pm
https://www.cobrasmarketview.com/2026/0 ... ay-update/