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09/28/2021 Live Update

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Cobra
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09/28/2021 Live Update

Post by Cobra »

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Kind of diamond as continuation pattern so bias is down.

Gap down below the yesterday's low so could be a range day either up or down.
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Spacebased
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Re: 09/28/2021 Live Update

Post by Spacebased »

You mean trend day?
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JFR
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Re: 09/28/2021 Live Update

Post by JFR »

SPY 15. All's quiet so far.

2021-09-28_06-08-19.png
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JFR
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Re: 09/28/2021 Live Update

Post by JFR »

SPY daily. This move back up looks more like May than June, July or August. Resistance at the EMA 20 turned it back down today.

2021-09-28_06-41-03.png
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Cobra
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Re: 09/28/2021 Live Update

Post by Cobra »


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Cobra
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Re: 09/28/2021 Live Update

Post by Cobra »

Started like a downtrend day, if not rebound here then it's the 1st (risky) call of a downtrend day.
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BullBear52x
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Re: 09/28/2021 Live Update

Post by BullBear52x »

4352ish before the lady shows up. /ES
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Mr. BachNut
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Re: 09/28/2021 Live Update

Post by Mr. BachNut »

Technically, the NYMO cycle is up, but it has potential to be a bull trap.
We have three closes above the zero line but only just above.
This morning's reversal is looking severe enough to suggest that the up move was corrective rather than the start of a trend.
Time will tell.

We have three open up gaps as of today and a bunch of downs.
We closed one down gap, and it looks like another may be on deck at SPX 4354.19.
Bears want to tag the lower keltner band and close the gap at SPX 4258.49 to change the character of the market.

I remain short and SPX runner position with a breakeven stop.
I am flat R2K as my runner was BE stopped.
I have some long setups that look like they will get cancelled today.
NYMO 092821.jpg
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Cobra
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Re: 09/28/2021 Live Update

Post by Cobra »

Break the day low with good looking bear bar in the next couple of bars then it's 2nd confirmation (safer) of a downtrend day.
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Trades w 2 Cats
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Re: 09/28/2021 Live Update

Post by Trades w 2 Cats »

Buckle up, heading back to that OR low that has already been tested. Need a clean vote on debt ceiling now to set aside the jitters that Pelosi has run out of options.
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Re: 09/28/2021 Live Update

Post by Trades w 2 Cats »

Was wondering where the 4370 strike had been important. Late day Sept 21 and just before open on the 22nd it acted like today as resistance.

That chart showing volume by strike that spot gamma put together ( and published for all if us on ZeroHedge) has done a pretty good job of showing us the significant levels so far thus week, with 4350 being the Big Kahuna. They expect big volatility end of the week when a big chunk expire and the market makers reverse their hedges.
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BullBear52x
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Re: 09/28/2021 Live Update

Post by BullBear52x »

My problem is I am not greedy. Ding ding ding Greed kills. got my 51ish target and some. Peace
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BullBear52x
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Re: 09/28/2021 Live Update

Post by BullBear52x »

Chart for the road: it will be a hard day for bulls short term unless they can regain price above 4395 cash SPX. Peace!
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Cobra
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Re: 09/28/2021 Live Update

Post by Cobra »

Breakdown is more likely, if not this time then the line is unlikely to hold another test.
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Re: 09/28/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 09/28/2021 Live Update

Post by Al_Dente »

options folks are buying a few calls hoping for a dead-cat bounce
928vix.png.jpg
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Al_Dente
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Re: 09/28/2021 Live Update

Post by Al_Dente »

A view from the short side, 5m
SHORTS
928short.png.jpg
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Al_Dente
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Re: 09/28/2021 Live Update

Post by Al_Dente »

Powell last month: inflation is transitory
Powell today: the causes of the recent rise in inflation may last longer than anticipated

FED’s inside traders Kaplan and Rosengren will retire early :?
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Al_Dente
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Re: 09/28/2021 Live Update

Post by Al_Dente »

MS's Mike Wilson (recall he’s the one who has been calling for a -10% correction)
YESTERDAY on CNBC:
Risk Reward is unattractive
Our target for year end is 4000
Areas that might do better through a correction in the SPX: healthcare staples financials (barbell), consumer services as opposed to consumer goods
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 09/28/2021 Live Update

Post by Cobra »

Very strong rebound but in theory we should skip the very first rebound and wait for the revisit of the low, in theory. I know for bulls there're simply too many V reversals.
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