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08/03/2021 Live Update

08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 8:50 am

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In range, direction not clear.

Gap up but within the yesterday's range so likely just a range day.
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Re: 08/03/2021 Live Update

Postby JFR » Tue Aug 03, 2021 8:59 am

SPY 15. Pbar at 0800am. Spikes.


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Re: 08/03/2021 Live Update

Postby JFR » Tue Aug 03, 2021 9:35 am

Dow leaders.


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Re: 08/03/2021 Live Update

Postby JFR » Tue Aug 03, 2021 9:39 am

Real estate up. Oil down.


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Re: 08/03/2021 Live Update

Postby BullBear52x » Tue Aug 03, 2021 9:40 am

pivot, under 5 DMA.
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Re: 08/03/2021 Live Update

Postby JFR » Tue Aug 03, 2021 9:44 am

Sectors. Communication services down. Health care up.


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Re: 08/03/2021 Live Update

Postby JFR » Tue Aug 03, 2021 9:54 am

ES 5 min. Hang onto your hat. Managed a scalp on this one.

Will check back later.


2021-08-03_06-53-36.png
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Re: 08/03/2021 Live Update

Postby BullBear52x » Tue Aug 03, 2021 10:02 am

support
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 10:03 am


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Re: 08/03/2021 Live Update

Postby BullBear52x » Tue Aug 03, 2021 10:56 am

Investing.com chart is no longer reliable and for two weeks now they are all over the places. looks like cash SPX from stockcharts.com will be the only platform I can post here.
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Re: 08/03/2021 Live Update

Postby BullBear52x » Tue Aug 03, 2021 11:02 am

Range day. no man's land atm. see you tomorrow. Peace!
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 11:09 am

Nothing to say, it's just a range day, a boring one, the market might be waiting for the Friday's NFP report.
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 11:49 am

Volume surge so might be a pullback or consolidation here first then probably will resume the up. Bears simply cannot make any follow through.
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 12:22 pm

The pullback probably will be bought.
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Re: 08/03/2021 Live Update

Postby Al_Dente » Tue Aug 03, 2021 12:31 pm

Ladies Choice SPY patterns, 30m
1) Unconfirmed H&S with neckline intact
2) Descending Triangle
3) Let’s go with FLAG (breakout above 440 = bull)

83thirty.png.jpg
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 2:08 pm

Consolidation, breakout is more likely.
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Re: 08/03/2021 Live Update

Postby Al_Dente » Tue Aug 03, 2021 2:45 pm

WYKOFF general market phases
WYKOFF MARKET PHASE.png.jpg


A crudely drawn Wykoff on long-term IWM looks like this:
Which is why I believe 210 IWM is such a critical price, and a breakdown there would be a catastrophe
WYKOFF CRUDE iwm 83.png.jpg
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Re: 08/03/2021 Live Update

Postby QED » Tue Aug 03, 2021 3:00 pm

BullBear52x wrote:Investing.com chart is no longer reliable and for two weeks now they are all over the places. looks like cash SPX from stockcharts.com will be the only platform I can post here.

Have you tried using tradingview.com (sign up for free to try it).
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 3:02 pm

Consolidation again so breakout is more likely too.
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Re: 08/03/2021 Live Update

Postby Cobra » Tue Aug 03, 2021 3:36 pm


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