03/26/2021 Live Update

[Cobra]

Testing day high, let's see whether bears can make a double top here.

[BullBear52x]

This is fake push, until we got RSI > 70 then it is real deal, for now it is a head fake.

[BullBear52x]

This is what I am looking for, bulls are back in full control now. well, it's Friday, I am checking out. Peace!

[JFR]

PEP still doing well.

[JFR]

SPY daily. Up off the mat.

[te_fern]

Had some scalps today with the smalls. The cross confirmation to keep me on the correct side was important for me. See circle..

[JFR]

HD. "To the Moon, Alice."

[Al_Dente]

The FOUR HORSEMEN trying to recover.
especially XLB materials, testing double top, likely responding to pending infrastructure spend.
four hour chart

[Al_Dente]

Something odd is going on.
Around $7 billion of block trades executed in the open in the morning session alone.
zh: After reaching out to one desk, we were told "someone is liquidating," and another desk suggested the trades were a "result of forced deleveraging" … others think maybe Cathie Wood, others Credit Suisse ...
https://www.zerohedge.com/markets/massi ... to+zero%29

[Al_Dente]

WTF just happened
Was there news?

[te_fern]

don't know, but it's gotten ugly in a hurry!

[Al_Dente]

NOT new news:
Suez still shut, global supplies blocked/delayed
“Some ships taking long route around Africa” [bloomberg]

[Al_Dente]

Reuters, fresh:
"Oil jumps 4% on fears Suez Canal blockage may last weeks"

[te_fern]

Makes sense. Have a good weekend!

[Cobra]

Just found out, I posted in a wrong thread. Well.