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08/10/2022 Live Update

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Cobra
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08/10/2022 Live Update

Post by Cobra »

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Still in range, near range low and small double bottom so rebound?
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

ES daily. Same trading range, 9 days. Still above the EMA 20.

2022-08-10_04-41-28.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

ES 60 minutes. Level to level. Down from the Monday high, August 8. Bounce back up above the Pivot.

2022-08-10_04-44-03.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

SPY 15 minutes. Chopping around, getting nowhere. Gaps filled. Tricky trading.

2022-08-10_04-47-45.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

ES 5 minutes. Nice move up from 4115. Riding the EMA 20. In a tight base between resistance at 4136 and the Pivot at 4131.

2022-08-10_04-50-22.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

ES 5 minutes.

Breakout above 4136. Resistance at 4140. Forming a new range.

2022-08-10_05-25-59.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

ES 5 minutes. Yowsuh. Sky rocket one hour before the open.

Any shorts out there? Ouch.

2022-08-10_05-31-51.png
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

https://www.marketwatch.com/

I don't usually pay all that much attention to market news, but that rocket blast is attention-getting.

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Re: 08/10/2022 Live Update

Post by JFR »

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cletus
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Re: 08/10/2022 Live Update

Post by cletus »

Cletus said "more up". Cletus said the CPI report was destined to be extremely bullish eventually due to crashing commodity prices. Some life lessons:

1) Don't bet against Cletus
2) If you said the CPI report was a reason to be bearish, you have failed as a trader
3) If you said the CPI report was a reason to sell stocks, you have failed as an investor
4) If you said the CPI report was going to be ugly, you have failed as a human being
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

Alternative assets, daily, since June.

Downers: DBC and USO.

Uppers: IYR, SPYG, SPYV, TLT.

Down then up somewhat: IAU.

Up then down somewhat: UUP.

2022-08-10_05-51-56.png
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BullTart
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Re: 08/10/2022 Live Update

Post by BullTart »

Hi y'all, I'm baaaaack!! =D

That can only mean one thing.

Good to see all the OGs still hanging strong up in here
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Cobra
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Re: 08/10/2022 Live Update

Post by Cobra »


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Cobra
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Re: 08/10/2022 Live Update

Post by Cobra »

It's a morning hourly filled black bar.
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BullBear52x
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Re: 08/10/2022 Live Update

Post by BullBear52x »

Sit on hands, dip will be bought, not chasing here.
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Re: 08/10/2022 Live Update

Post by BullBear52x »

Big picture, not quite hit 50% retracement yet, today intraday dips buying setup will tell if we are going to push up to that or Doji here and reverse down.
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cletus
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Re: 08/10/2022 Live Update

Post by cletus »

The VIX has now fallen below 20. That was the area where the market might run into some headwinds. After the bullishness of today and probably into tomorrow, the market has a chance at pulling back. If the Vix can't stay below 20 for very long, the bear is still very much alive. If the Vix collapses to 15 or lower, the bull is back.
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JFR
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Re: 08/10/2022 Live Update

Post by JFR »

Dow 30.

A whole lotta green. Led by frequent leader-laggard BA. MRK trailing, all alone in red.

Back later ...

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Cobra
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Re: 08/10/2022 Live Update

Post by Cobra »

The pullback should be bought which if it's right now rather than lots of bars later then it's an uptrend day.
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Cobra
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Re: 08/10/2022 Live Update

Post by Cobra »


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