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05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:22 am
by Cobra
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No idea up or down from here. The rebound overnight can be seen as a double bottom but if sharp pullback from here then it's a lower high trend reversal. So kind of key time. My guess is a range day.

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:26 am
by Cobra

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:28 am
by Heck
SP.1 June Futures SELLING < 2,952.50

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:30 am
by JFR
ES daily. Down a bit off the resistance level.


2020-05-22_0629.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:31 am
by JFR
ES 5. A good move up from 5 and 1/2 hours ago, then flatlining.


2020-05-22_0630.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:32 am
by BullBear52x
Sideways to down, but overnight action is strong. so....I will sit out for now, it's Friday, I will chase it down under 33ish ES

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:34 am
by JFR
All is quiet on the Dow. RTX, BA and WBA leading. JNJ, CVX and XOM trailing.


2020-05-22_0633.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:35 am
by BullBear52x
If trade under yesterday's LOD we may have a down trend day.

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:38 am
by Cobra
Testing yesterday's low, break down then bears may have chance making a downtrend day. Usually should be a rebound but since it'd be mostly within the yesterday's range so it'd be a range day to me no matter what.

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:38 am
by JFR
Quiet opening with the four Bigs. ES pushing down. RTY acting schizo.


2020-05-22_0637.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:42 am
by BullBear52x
33ish is my key pivot, look at it now, stall there eh?

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:44 am
by BullBear52x
Cash SPX, 5 dma support about to give.

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:52 am
by Al_Dente
PROBLEM:
BABA and BIDU are the China “proxies” in the $NYFANG Index, weighted at 10% each (10 + 10 = 20%)
The Senate just passed a bill that would bar many opaque Chinese companies from listing their shares on U.S. stock exchanges or otherwise raising money from American investors. It now it heads to the House, and it may become law within the month.
BABA and BIDU “could be at risk of being delisted if this legislation were to pass.”
https://www.marketwatch.com/story/bill- ... 2020-05-21

This is the $NYFANG holdings, 15m, see bottom row BABA, BIDU

522fang.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 9:56 am
by JFR
GLD 5 min.


2020-05-22_0654.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:00 am
by Cobra
The rebound likely means it's just a range day, even the low was in.

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:02 am
by JFR
UUP 5 min.


2020-05-22_0701.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:04 am
by BullBear52x
I hop on the south bound train now, Chuuuuuuuchooooooooo

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:04 am
by Cobra

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:12 am
by Al_Dente
Head and Shoulders
5m
522h and s.png

Re: 05/22/2020 Live Update

PostPosted: Fri May 22, 2020 10:14 am
by ccash04
Its hard to be short but I think today it is the play to sell rips even before holiday weekend, small amounts only today.