Cobra's Market View

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

===============================================================================================================================

Price channel or rising wedge, either way, still some room to grow.

ES daily.

An inside candle. Also a doji. Very quiet so far.

The trendline is up.

Well above the EMA 20 and the trendline.

Eyes on the top of February.

ES 60 minutes.

It is on a stair-step up.

In trading range levels.

It just moved back down beneath a key level.

Watching this channel today..

ES 5 minutes.

Testing down beneath support.

te_fern wrote: ↑Fri May 16, 2025 9:48 am Watching this channel today.. SPX.PNG

I’m watching the same channel. Thanks Fern!

This could head south at any time. Truncated fifth wave would be OK because we are in range for the next two higher levels. I would be happier if we break through 6000 and that could happen with some sort of Sunday night press release from the White House as we have seen recently. It could also give us that truncated fifth. So stay sharp this weekend!

Seems like it’s going to be another boring Friday. Hopefully the morning support holds. If we get within a couple of points of the morning low I’d keep an eye on that area for any breach. I’m calling it quits early today. Good day for golf! Have a great weekend everyone and always enjoy reading your thoughts.

I don't think it's a double top here, instead a breakout should be more likely.

This bull shall have legs. Maybe a pullback first though.

Has pushed over the top of the channel. See if the Bulls can keep it from falling back in.....

This is a five minute chart with 20 minute bars overlay. The zerolag MA cross over behind the bars is off of the 20 minute bars. The black bands are a Raff regression channel. It is a slow afternoon so why not take something simple and make it complicated?

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