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05/22/2020 Live Update

05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 9:22 am

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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.
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Re: 05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 9:26 am


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Re: 05/22/2020 Live Update

Postby Heck » Fri May 22, 2020 9:28 am

SP.1 June Futures SELLING < 2,952.50
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 9:30 am

ES daily. Down a bit off the resistance level.


2020-05-22_0629.png
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 9:31 am

ES 5. A good move up from 5 and 1/2 hours ago, then flatlining.


2020-05-22_0630.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 9:32 am

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
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 9:34 am

All is quiet on the Dow. RTX, BA and WBA leading. JNJ, CVX and XOM trailing.


2020-05-22_0633.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 9:35 am

If trade under yesterday's LOD we may have a down trend day.
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Re: 05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 9:38 am

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.
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 9:38 am

Quiet opening with the four Bigs. ES pushing down. RTY acting schizo.


2020-05-22_0637.png
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 9:42 am

33ish is my key pivot, look at it now, stall there eh?
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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 9:44 am

Cash SPX, 5 dma support about to give.
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Re: 05/22/2020 Live Update

Postby Al_Dente » Fri May 22, 2020 9:52 am

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
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 9:56 am

GLD 5 min.


2020-05-22_0654.png
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Re: 05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 10:00 am

The rebound likely means it's just a range day, even the low was in.
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Re: 05/22/2020 Live Update

Postby JFR » Fri May 22, 2020 10:02 am

UUP 5 min.


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Re: 05/22/2020 Live Update

Postby BullBear52x » Fri May 22, 2020 10:04 am

I hop on the south bound train now, Chuuuuuuuchooooooooo
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Re: 05/22/2020 Live Update

Postby Cobra » Fri May 22, 2020 10:04 am


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Re: 05/22/2020 Live Update

Postby Al_Dente » Fri May 22, 2020 10:12 am

Head and Shoulders
5m
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Re: 05/22/2020 Live Update

Postby ccash04 » Fri May 22, 2020 10:14 am

Its hard to be short but I think today it is the play to sell rips even before holiday weekend, small amounts only today.
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