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05/21/2019 Live Update

Re: 05/21/2019 Live Update

Postby te_fern » Tue May 21, 2019 10:57 am

It broke pass 2868, watch 2880....
Correction, we're at the 2868 area, could be the top....
Last edited by te_fern on Tue May 21, 2019 10:58 am, edited 1 time in total.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 10:57 am

Resistance
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Re: 05/21/2019 Live Update

Postby Cobra » Tue May 21, 2019 11:16 am

so far it's just a small pullback (not as good as consolidation though), if strong bull bar breaks above the day high then uptrend day would be confirmed.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 11:39 am

Weaker than I thought, still sitting out and do nothing. breakout and do nothing.
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Re: 05/21/2019 Live Update

Postby Cobra » Tue May 21, 2019 11:45 am


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Re: 05/21/2019 Live Update

Postby Cobra » Tue May 21, 2019 11:46 am

the pullback probably will be bought but the chances of an uptrend day is diminishing.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 11:56 am

I am buying this dip. same playbook.
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Re: 05/21/2019 Live Update

Postby Al_Dente » Tue May 21, 2019 12:14 pm

BullBear52x wrote:Resistance

what does the "N" in the blue circle mean boss?
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 12:17 pm

Al_Dente wrote:
BullBear52x wrote:Resistance

what does the "N" in the blue circle mean boss?

News that move the market.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 12:19 pm

I am sitting out again, 66ish seems to be a hard pivot to regain, I am bearish bias over all, just doesn't have a good sell setup to pull the trigger.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 12:23 pm

Boring range, 60 and 66 pivot level that I have my lines on. break time.
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Re: 05/21/2019 Live Update

Postby Daniel » Tue May 21, 2019 12:26 pm

Cobra wrote:the pullback probably will be bought but the chances of an uptrend day is diminishing.

The strong RISK On profile of earlier is weakening.

Euro has gone red, metals aren't declining any more, TLT is recovering from slight losses. The Yen is still down hard, tho... over 1/2 of 1% loss on FXY.
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Re: 05/21/2019 Live Update

Postby Daniel » Tue May 21, 2019 12:45 pm

QQQ, SPY, IWM all hovering just above their daily vwap.
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Re: 05/21/2019 Live Update

Postby BullBear52x » Tue May 21, 2019 1:42 pm

Chart for the road: Bears need to move or the TA is getting more bullish buy the minute. A trade above 2855 level will be bullish going forward. internals are improving into a positive territory. trade what you see ( note to self) Peace!
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Re: 05/21/2019 Live Update

Postby Cobra » Tue May 21, 2019 2:07 pm

now it's high enough to be seen as the 2nd test of the day high, key time to watch whether bears can make a double top or not.
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Re: 05/21/2019 Live Update

Postby JFR » Tue May 21, 2019 2:17 pm

Overnight gap up and holding on DIA, IWM, QQQ and SPY. A market "guru" I have dealt with calls it "stun gun."


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Re: 05/21/2019 Live Update

Postby Trades with cats » Tue May 21, 2019 2:58 pm

Looking like a triple top off the ON high but with the strange chart pattern of horizontal prices on the way up makes me very nervous about a short.
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Re: 05/21/2019 Live Update

Postby Al_Dente » Tue May 21, 2019 3:00 pm

HAPPY HOUR
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Re: 05/21/2019 Live Update

Postby Trades with cats » Tue May 21, 2019 3:08 pm

Should have looked harder. Double top off the daily high, overnight high much lower.

Now watching the retrace/test to see if we set a lower high at 2868 area that seems to be an important level.
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Re: 05/21/2019 Live Update

Postby Cobra » Tue May 21, 2019 3:37 pm

now a breakout is more likely. too late though.
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