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03/05/2020 Live Update

Re: 03/05/2020 Live Update

Postby te_fern » Thu Mar 05, 2020 11:24 am

This support seems to still be working...
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Re: 03/05/2020 Live Update

Postby Al_Dente » Thu Mar 05, 2020 11:26 am

lower lows: none yet
potential double bottoms: transports, banks
potential double tops: smalls, QQQ, discretionary

35quick.png.png
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 11:30 am

I am not greedy, a gap fill will be nice, I am very positive it will.
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Re: 03/05/2020 Live Update

Postby BullTart » Thu Mar 05, 2020 11:32 am

backtested the ascending triangle after breaking down and got smacked back down hard - more validation of the triangle

200 sma is now resistance, it is downward sloping, along with the 80 and the 25, all three pointing downwards.

once 3040 is pierced on the downside, look out below!
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Last edited by BullTart on Thu Mar 05, 2020 11:41 am, edited 2 times in total.
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Re: 03/05/2020 Live Update

Postby Heck » Thu Mar 05, 2020 11:38 am

$SPX BUYING > 2,999.83 edit = UP

SPY BUYING > 300.01 edit = UP
Last edited by Heck on Thu Mar 05, 2020 4:29 pm, edited 8 times in total.
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Re: 03/05/2020 Live Update

Postby Al_Dente » Thu Mar 05, 2020 11:50 am

SPX double top doesn't confirm until it trades just below 3000
60min

35doub top.png.png
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Re: 03/05/2020 Live Update

Postby Cobra » Thu Mar 05, 2020 11:57 am

So far it's just a range day. Breakout here with strong bull bar in the next couple of bars then it could even be an uptrend day although personally I'll treat it as a range day anyway.
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Re: 03/05/2020 Live Update

Postby Al_Dente » Thu Mar 05, 2020 11:59 am

Banks, 8 months, daily

35banks.png.png
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Re: 03/05/2020 Live Update

Postby Heck » Thu Mar 05, 2020 12:10 pm

DGX Target + 69 %
From 114.11 to 193.12
+ 1.92 % Dividend
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Re: 03/05/2020 Live Update

Postby BullTart » Thu Mar 05, 2020 12:16 pm

back test of the triangle - moment of truth!!!
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:19 pm

Give me 93, I will call it a day. greed kills.
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:23 pm

93 :geek:
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Re: 03/05/2020 Live Update

Postby Al_Dente » Thu Mar 05, 2020 12:30 pm

bull 3 push up on fang+
HH
internals bear
5min
35five.png.png
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:36 pm

no confidence, I am sitting out wait for new buy, 80ish is too strong of a resistance.
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:39 pm

will buy in at 62 again, last buy.
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:41 pm

behaving like a range day at best.
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Re: 03/05/2020 Live Update

Postby BullTart » Thu Mar 05, 2020 12:42 pm

Well, there it is!

The moment of truth resulted in a big red bar down after back-testing the ascending triangle! You know what that means...
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Postby MrMiyagi » Thu Mar 05, 2020 12:43 pm

European markets closed 13 minutes ago, SPY QQQ rise was likely shorts covering. Should see a pullback and stability after. True move likely won't happen until after 13:00 ET (post-lunch in NYC).
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Re: 03/05/2020 Live Update

Postby BullTart » Thu Mar 05, 2020 12:48 pm

Very good point - thanks Miyagi-san
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Re: 03/05/2020 Live Update

Postby BullBear52x » Thu Mar 05, 2020 12:57 pm

I don't want to sell today, but no more buy, I am done.
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