06/06/2025 Live Update

[Cobra]

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Now the handle has formed therefore it's a cup with handle pattern therefore breakout on the upside is more likely.

[Cobra]

Members only update at 10:02 am
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[te_fern]

The high confirmed the 3 day resistance line....

[te_fern]

Can the market rally back up to it?

[te_fern]

EW folks would probably say the 6011 before the long drop was a B wave. We should go back above that top confirm it....

[Cobra]

Don't know whether the redound means the low was in or not.

[Cobra]

Members only update at 12:00 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[JFR]

The bulls are ahead on the day.

S&P. Dow. Nasdaq. Russell.

[JFR]

The Dow 30.

The Greens way out ahead.

CVX, CRM and MRK leading.

WMT, NKE and MCD trailing.

[JFR]

ES daily.

At the top of a very wide range.

It very much wants to breakout into the sunshine, repeatedly testing the resistance line.

If it fails, it will head back down to the support line.

[JFR]

ES 60 minutes.

Choppy action, with some energy.

[JFR]

ES 5 minutes.

A good move up before the bell.

Then sliding down, into sideways.

[Cobra]

Stronger rebound this time so maybe we had the range low, now seeking the range high which I assume is the blue line above.

[te_fern]

B Wave confirmed. Wish I could tell you what's next!! LOL!

[Cobra]

Near the range high, time to pull back?

[Cobra]

Members only update at 3:32 pm
https://www.cobrasmarketview.com/2025/0 ... ay-update/

[Cobra]

Members only update at 3:50 pm
https://www.cobrasmarketview.com/2025/0 ... 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