05/21/2021 Live Update

[Cobra]

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Probably will touch the line above and break it but whether the break can hold, will have to see.

Gap up but not well above the yesterday's high so might just be a range day.

[JFR]

SPY 15, extended. Quiet at this time. Up from the close of 415.28. No pbars. Ha ha

[1der]

Almost always a P-bar at 5pacific/8eastern

And often there is one after the market closes such as this one from last night:

And Apple typically has a morning one as well

[JFR]

Almost always a P-bar at 5pacific/8eastern

80AC50DA-137D-4875-B32F-BC7306DF756C.png

And often there is one after the market closes such as this one from last night:

AA34A563-F67F-4218-8BB0-9B4FA9AA0B31.png

And Apple typically has a morning one as well

614EDFDF-9BFD-4E65-B0E1-88C7B8F2072B.png

Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.

[JFR]

AAPL 15, extended. About where it closed Thursday.

[Al_Dente]

The National Association of Realtors reports April existing home sales at 10 a.m. ET.
Economists expect a 0.2% increase to an annual rate of 6.02 million units.
Existing home sales fell 3.7% in March.

[JFR]

Dow 30. Whole lotta green. CSCO trailing the pack again.

Gotta go. Will check later ...

[1der]

Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.

Ha ha - for long time I did post and even kept track and posted a chart with the Pbar levels extended out to the right so one could see how those price levels come into play days / weeks later. I never could figure out a system that made sense although they often clearly are revisited and become pivot points / resistance/ support levels.

The smaller Pbars, like this morning's, get lost in the higher time frames so I drill down to see if one was there. Your chart has it.

I for one appreciate your Pbar posting

And kudos/credit to Mr. Miyagi who put tremendous effort into tracking and posting PBars

[BullBear52x]

I can't resist. sell first will see from here.

[BullBear52x]

1,5, 60min. are all overbought=very bullish but TRIN is well >1

[JFR]

Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.

Ha ha - for long time I did post and even kept track and posted a chart with the Pbar levels extended out to the right so one could see how those price levels come into play days / weeks later. I never could figure out a system that made sense although they often clearly are revisited and become pivot points / resistance/ support levels.

The smaller Pbars, like this morning's, get lost in the higher time frames so I drill down to see if one was there. Your chart has it.

I for one appreciate your Pbar posting

They are interesting. Oftentimes hit, as we know. Not a big concern to me, but it seems like Bot/algo activity, setting up possible targets, at little cost to them.

I was teasing about posting. Ppl post what they when they want. My interest, energy and time available regarding posting varies. Re the pbar postings, you are welcome.

Yes thank you to Mr Miyagi re the Miyagi bars, err, pbars.

Later ...

[Al_Dente]

$NYADV:$NYDEC = 3.6
$NYUPV:$NYDNV = 3.1

[Al_Dente]

gap almost filled ?
can it hold ?

[Cobra]

Members only update at 10:07 am
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[BullBear52x]

First thing first, will there be an MA support?

[Al_Dente]

Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors

[Cobra]

Testing EMA20 and day low, might be a rebound here first then we'll see.

[BullBear52x]

Bullish F-Flag, if failed to hold the bottom wedge we are heading to the lower range.

[BullBear52x]

SPX, this lower range or lower today.

[BullBear52x]

Looking good for bears, 5min. MA support next, after that it will be 4093ish, we may get it today.