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02/22/2021 Live Update

02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 9:36 am

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3 Push Down, so the general pattern would be a rebound then probably a revisit of the low before a bottom can be possible. It'd be 3rd time in a row a gap down is reversed up if today reverses again. Let's see whether the 3rd time is a charm (different this time).
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Re: 02/22/2021 Live Update

Postby cletus » Mon Feb 22, 2021 10:32 am

There’s an obvious head and shoulders top forming that points 50 pts lower. I’d say that’s the most likely path? It’s textbook.
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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 11:05 am


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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 11:06 am

It's a morning hourly hollow red.
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Re: 02/22/2021 Live Update

Postby Al_Dente » Mon Feb 22, 2021 11:48 am

These 19 Stocks Drove Half The Market's $7.6 Trillion Pandemic Gain since Feb. 19, 2020
Here they are on the DAILY, as of today, using 13 and 20ma

222best.png
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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 11:54 am

Lower high, the rebound finally failed?
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Re: 02/22/2021 Live Update

Postby Al_Dente » Mon Feb 22, 2021 12:03 pm

222button sector.png
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Re: 02/22/2021 Live Update

Postby Al_Dente » Mon Feb 22, 2021 12:20 pm

SLV is filling that Island Gap
four hour chart
(ignore vertical lines)
222four.png
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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 1:17 pm


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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 2:02 pm

Double bottom (blue arrows) plus higher low (green arrow) so maybe the low was in for today. Cannot believe for 3 times in a row, the market tries to reverse the morning gap down.
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Re: 02/22/2021 Live Update

Postby Al_Dente » Mon Feb 22, 2021 2:20 pm

Divergence
At the open SPX printed a lower low
Call buyers did not. Rather they printed a potential double bottom

222vix2.png
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Re: 02/22/2021 Live Update

Postby Trades w 2 Cats » Mon Feb 22, 2021 2:43 pm

from twitter feed,
About 56 buy and sell programs have run so far today.
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Re: 02/22/2021 Live Update

Postby BullBear52x » Mon Feb 22, 2021 3:02 pm

Daily support right on mid bands. counter trend from upper bands to now should be happy.
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Re: 02/22/2021 Live Update

Postby BullBear52x » Mon Feb 22, 2021 3:05 pm

Range look, price action is positive but momentum is not there to say bears are done.
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Re: 02/22/2021 Live Update

Postby Al_Dente » Mon Feb 22, 2021 3:06 pm

“... hedge funds’ affection toward small caps, intact for most of last year, is starting to wane." [bloomberg via zh]
https://cms.zerohedge.com/s3/files/inli ... k=iT_adXbg
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Re: 02/22/2021 Live Update

Postby BullBear52x » Mon Feb 22, 2021 3:08 pm

Short term swing, first sell the rip under 5 DMA, sellers fail here then I would say bears are done. tomorrow will find out, for now we are entering sell the rip zone.
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Re: 02/22/2021 Live Update

Postby BullBear52x » Mon Feb 22, 2021 3:11 pm

5 min. ES aligned well with cash SPX, MA resistance zone.
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Re: 02/22/2021 Live Update

Postby BullBear52x » Mon Feb 22, 2021 3:15 pm

Intraday buy dip coupon, bulls need to see new HH from here or bears will take from here with any failing signal.
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Re: 02/22/2021 Live Update

Postby Cobra » Mon Feb 22, 2021 3:17 pm

The very first test of EMA20 in nearly 2 hours so probably the pullback will be bought.
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Re: 02/22/2021 Live Update

Postby Trades w 2 Cats » Mon Feb 22, 2021 3:19 pm

MES 03-21 (950 Tick) _ ES 03-21 (2000 Tick) 2021_02_22 (1_12_39 PM).png


Looking at the slow motion rounded top. Kissed Friday closeing zone and started fading. Assuming they will try to run back through the century level before the close.
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