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06/06/2025 Live Update

Posted: Fri Jun 06, 2025 8:39 am
by 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.

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Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 10:05 am
by Cobra

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 11:37 am
by te_fern
The high confirmed the 3 day resistance line....
SPX.PNG

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 11:38 am
by te_fern
Can the market rally back up to it?

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 11:39 am
by 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....

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 11:50 am
by Cobra
Don't know whether the redound means the low was in or not.

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Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 11:59 am
by Cobra

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 12:56 pm
by JFR
The bulls are ahead on the day.

S&P. Dow. Nasdaq. Russell.

2025-06-06_09h54_58.png

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 1:02 pm
by JFR
The Dow 30.

The Greens way out ahead.

CVX, CRM and MRK leading.

WMT, NKE and MCD trailing.

2025-06-06_09h58_27.png

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 1:07 pm
by 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.

2025-06-06_10h03_05.png

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 1:09 pm
by JFR
ES 60 minutes.

Choppy action, with some energy.

2025-06-06_10h28_42.png

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 1:32 pm
by JFR
ES 5 minutes.

A good move up before the bell.

Then sliding down, into sideways.

2025-06-06_10h32_30.png

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 1:47 pm
by 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.

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Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 2:37 pm
by te_fern
B Wave confirmed. Wish I could tell you what's next!! LOL!

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 2:45 pm
by Cobra
Near the range high, time to pull back?

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Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 3:33 pm
by Cobra

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 3:51 pm
by Cobra

Re: 06/06/2025 Live Update

Posted: Fri Jun 06, 2025 3:52 pm
by 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