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05/04/2026 Live Update
Posted: Mon May 04, 2026 8:17 am
by Cobra
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Very long lower shadow so maybe more rebound?
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 9:30 am
by Trades w 2 Cats
Volume and price agree that Friday was the top for now. Overnight session mostly below VWAP
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 9:39 am
by Trades w 2 Cats
Pretty obvious wedge to open the day. The reported missile strike woke up the algos when you look at time per 2,000 tick bar but the range didn't move much.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 10:03 am
by Cobra
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 11:02 am
by Trades w 2 Cats
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 11:25 am
by Trades w 2 Cats
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 11:45 am
by BullBear52x
The bulls are running too hot. the price is as expected, let see what the internals said from here.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 11:49 am
by grandeG
Seems like the selling is due to some explosions in the Dubai area. Maybe a petroleum facility. My guess is it gets cleared up soon.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 11:59 am
by Cobra
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 12:00 pm
by Cobra
Bulls are trying to rebound but so far cannot make even a bear flag I think continue down is more likely.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 12:07 pm
by BullBear52x
HYG surely has been cracked, watch the $VIX, no fear no bear. if tomorrow continues with the weakness, the early bird will get the worms.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 12:12 pm
by JFR
SPY 5 minutes.
Sis. Boom. Bah..
Reality hits. Things aint that good.
Caution in the market is advised.
There will be bull days and bear days.
Play the charts.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 12:59 pm
by JFR
SPY 15 minutes.
Lots action.
But no sustained trend carrying over days.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 1:22 pm
by BullBear52x
The algos channel, that's all she wrote today. Peace!
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 1:25 pm
by Cobra
Decisively broke the EMA20, maybe we had the higher low which means the low might be in for today.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 1:59 pm
by Cobra
Cup with handle, breakout on the upside is more likely.
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 3:39 pm
by Cobra
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 3:52 pm
by Cobra
Re: 05/04/2026 Live Update
Posted: Mon May 04, 2026 3:53 pm
by Cobra
Well, guess that's it for today. Here's what Tuesday looks like:
https://stockcharts.com/public/1684859/ ... /533449374
Thank you guys, I'll see you in another thread soon.
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https://stockcharts.com/public/1684859/ ... /533449374