05/26/2021 Live Update

[Cobra]

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Lower high or not, wait and see.

Gap up but within the yesterday's range so likely just a range day.

[JFR]

SPY 15. At the close of two days ago. Pbar at 800am.

[JFR]

ES daily. Inside bar to start the day. A pause in the move to the top.

[JFR]

SPY 5.

[JFR]

SPY 15. Took out the pbar. Strong move down.

[Cobra]

Members only update at 10:00 am
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[JFR]

Big picture. SPY daily. PnF. At the top still. The start of a good sized move down? Not as of yet. Just a pause so far. So far.

Later ...

[Cobra]

We may have the range low. The range high probably will be higher than the current day high, my guess.

[ccash04]

Seems like a pretty bullish setup, no volume, melt-up, small caps already going bananas, what's not to like here?

[te_fern]

Well, don't buy semi's, went no where and finally took a small loss...

[Trades w 2 Cats]

Measured move says back to 4200. We will see.

[te_fern]

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_26 (10_13_58 AM).png

Measured move says back to 4200. We will see.

You hit it on the head!! LOL!

[Al_Dente]

INTERNALS
Bottom panel: note the up volume is huge

[Trades w 2 Cats]

Decision time.

[Trades w 2 Cats]

Lots of wicks and tails, looks like a hard grind to get back above 4200.

[Trades w 2 Cats]

Well kind of hard to expect a lot of action given this.

[Cobra]

Members only update at 12:27 pm
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[Cobra]

Some resistances here but I think it won't stop bulls. Still now range high yet but indeed it was higher than the morning high as I said.

[Trades w 2 Cats]

Market was super low volume overnight. Not moving anymore. Going to do chores so I can start my long weekend early. Need it after a month on the road.

[Cobra]

So we had the range high. Now let's see where the new range low is, should be around the morning low.