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07/20/2021 Live Update

07/20/2021 Live Update

Postby Cobra » Tue Jul 20, 2021 8:32 am

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The rebound, for now, looks like a bear flag so in theory should be another leg down but you know I generally don't trust any bear patterns so say, 50.0000000000000000001% chances another leg down at some point :mrgreen:

Gap up near the yesterday's high so likely it's just a range day.
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Re: 07/20/2021 Live Update

Postby JFR » Tue Jul 20, 2021 8:46 am

SPY 15. Up a bit from the close. Pbar at 800 am.


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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 9:31 am

ES at the pivot, keep it simple. sell day, hope to chase it down.
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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 9:39 am

Sell setup cash SPX swing.
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Re: 07/20/2021 Live Update

Postby Al_Dente » Tue Jul 20, 2021 9:45 am

Note IBM
(earnings)
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Re: 07/20/2021 Live Update

Postby Al_Dente » Tue Jul 20, 2021 9:50 am

"Since the A/D Line peaked on June 11, the S&P 500 has gone on to add more than 100 points and was perched at an all-time high within the past week. The A/D Line, in contrast, has sunk enough to be at its lowest point in two months.

When this has triggered in the past, the S&P tended to follow the A/D Line lower, with a positive return over the next month only 37% of the time. It showed more risk than reward up to three months later and showed below-random returns across all time frames.

https://www.sentimentrader.com/blog/the ... 1366687428
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Re: 07/20/2021 Live Update

Postby JFR » Tue Jul 20, 2021 9:51 am

Alternatives. All up except USO.


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Re: 07/20/2021 Live Update

Postby Al_Dente » Tue Jul 20, 2021 9:52 am

ps: SentimenTrader now does videos
1 min
https://www.youtube.com/watch?v=hc3o9AlTt_g
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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 9:53 am

If this sell fail, bears are done or sideways for bears at best, new LL from here it will be a home run. :twisted:
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Re: 07/20/2021 Live Update

Postby JFR » Tue Jul 20, 2021 9:54 am

Dow 30 leaders.

Later ...


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Re: 07/20/2021 Live Update

Postby Cobra » Tue Jul 20, 2021 10:01 am


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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 10:02 am

Not a day for bears, I am sitting out will get back in later looks like 3 push up is only game left for bears.
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Re: 07/20/2021 Live Update

Postby Al_Dente » Tue Jul 20, 2021 10:03 am

SpotGamma, Yesterday
"if it was about delta variant then puts would have been bought in a material way. didn't happen.
“… Despite the weakness, intraday S&P flow has been positive deltas all day [yesterday]. No panic.
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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 10:08 am

Look at yesterday's $VIX and $VVIX no fears? today looks good for bulls because we are at the cross point in between selling to dip buying point. anyways dip buying will trigger if we closed strong today, if so tomorrow will be a buy day.
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Re: 07/20/2021 Live Update

Postby Cobra » Tue Jul 20, 2021 10:15 am

Break to the new day high with good looking bull bar then it's an uptrend day, bears be aware. The previous 2 times, the next day after a big down day both were up huge, people are still in buy buy buy mind.
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Re: 07/20/2021 Live Update

Postby Cobra » Tue Jul 20, 2021 10:21 am

OK, first sign of uptrend day, it's still early so if you need a second sign, then wait.
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Re: 07/20/2021 Live Update

Postby BullBear52x » Tue Jul 20, 2021 10:31 am

I will get back in on the 3rd push, sell only day for me. :twisted:
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Re: 07/20/2021 Live Update

Postby Cobra » Tue Jul 20, 2021 10:42 am

Breakout to the new day high with good looking bull bar then it's the 2nd confirmation of an uptrend day, key time.
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Re: 07/20/2021 Live Update

Postby Al_Dente » Tue Jul 20, 2021 10:43 am

FOUR HORSEMEN OF THE RECOVERY update, daily
The horses have been telling us that the recovery may be stalling; now we know it may be the covid variant surge....
Circles show the recent tops
However all (except XLE) are on positive diverg (STO-14, not shown) today
Let's see if they can recover enough to change the game
720horse.png.jpg
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Re: 07/20/2021 Live Update

Postby Trades w 2 Cats » Tue Jul 20, 2021 10:48 am

MES 09-21 (3800 Tick) _ ES 09-21 (8000 Tick) 2021_07_20 (9_37_24 AM).png

My new slow chart, 8,000 tick bars on the ES showing.

Using the end of day surge looks like the measured move worked out. waiting to see what happens next.
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