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Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 12:43 pm
by Cobra
Clear breakout so it shouldn't be a downtrend day, at the best for bears, it's just a range day.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 12:52 pm
by JFR
SPY 5. Nice clean moves. Even riding the EMA 20 for a spell. Eyes on the gap?


2021-01-22_08-50-43.png

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 12:54 pm
by JFR
IWM fills its gap. Then faces some resistance.


2021-01-22_08-53-44.png

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 1:00 pm
by BullBear52x
bears are dead.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 1:03 pm
by jaijailyc
With stocks like GME, this market's price discovery is dead. Just buy and forget.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 1:11 pm
by BullBear52x
This is getting hard. if a strong bull, this MA have to play a strong support, I am not buying, this is good chance for bear to have a right shoulder. if it fails I will try to sell again, sit out for now.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 1:21 pm
by Trades w 2 Cats
Tops are a process, bottoms are an event. Still think we slowly levitate on false expectations of massive Fed stimulus. Once they start introducing legislation I think we will get some sell the news drops as Senate makes sausage.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 1:24 pm
by Cobra

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 3:00 pm
by BullBear52x
last sell here.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 3:08 pm
by Cobra
50% chances of double top

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 3:35 pm
by BullBear52x
Cash SPX Fib, I am expecting a lower closed. so far 61.8% is still holding up. until then.......

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 3:58 pm
by Trades w 2 Cats
Third try at the kill zone where bull moves die. Cobra rules fourth try should succeed.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 3:59 pm
by Trades w 2 Cats
Should add the obvious, just 4 stinking points from serious resistance at yesterdays closing area, and four points looks like a lot this afternoon.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:12 pm
by te_fern
3850 appears to be the line to cross...

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:14 pm
by te_fern
Got to 3850 or close at least 4 times today....

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:19 pm
by Trades w 2 Cats
Power hour needs new batteries

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:38 pm
by Cobra

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:42 pm
by Trades w 2 Cats
Gasping for breath market trying to cross over the finish line.

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:51 pm
by Cobra

Re: 01/22/2021 Live Update

PostPosted: Fri Jan 22, 2021 4:52 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