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10/22/2021 Live Update

Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 10:27 am

:shock: Oy..... no chase up for me, you go ahead.
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Re: 10/22/2021 Live Update

Postby Al_Dente » Fri Oct 22, 2021 10:29 am

SPY another ATH
over on the nasdaq, lots of halted trading
https://www.nasdaqtrader.com/trader.aspx?id=tradehalts
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Re: 10/22/2021 Live Update

Postby te_fern » Fri Oct 22, 2021 10:31 am

Made a couple of trades for pennies, time to stop!! LOL!
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Re: 10/22/2021 Live Update

Postby Al_Dente » Fri Oct 22, 2021 10:33 am

Interesting note: INTC is just 1.04% weighted in the dow
https://www.indexarb.com/indexComponentWtsDJ.html
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 10:40 am

Wait for new sell setup, a failed breakout it will be fast and furious to retest the low. auction house theory. will see.
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 10:45 am

Me chasing up not so much, chasing down oh yeah...... :lol: :twisted:
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 10:56 am

The pullback means it's just a range day, now perhaps near the range low if not already.
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 11:14 am

If there will be a down trend day, this is it. LL needed, sell at MA resistance. same playbook day in and day out.
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Re: 10/22/2021 Live Update

Postby Al_Dente » Fri Oct 22, 2021 11:18 am

SPY backtesting that breakout
At the moment, 60% of issues on the NYSE are advancing (compared to roughly 65% at the intraday top)
Options traders are easing up on their call buying
5min
1022five.png.jpg
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 11:23 am

:mrgreen: :mrgreen: :mrgreen:
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Re: 10/22/2021 Live Update

Postby Al_Dente » Fri Oct 22, 2021 11:28 am

View from the short side, juiced
SHORTS
Percentage-wise tech is the best short here today (SQQQ, black)
VIX shows puts are quite strong :shock: :shock:
5min
1022shorts.png.jpg
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 11:32 am

Bears not done yet.
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Re: 10/22/2021 Live Update

Postby Al_Dente » Fri Oct 22, 2021 11:34 am

NEWS
Powell reiterated that inflation is well above target but the taper is on track to begin soon and end by mid-2022.
He did note that "it's time to taper... not time to raise rates..."
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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 11:38 am

it's Friday, done done done. Greed kills. Peace!
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 11:44 am

Testing yesterday's low with volume surge so should be a rebound here first then we'll see. Cannot say this bear shall have legs as it could be a classic breakdown then sharp reversal up.
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 12:11 pm


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Re: 10/22/2021 Live Update

Postby BullBear52x » Fri Oct 22, 2021 12:14 pm

Chart for the road: negative D, if we closed here. 4450 (cash SPX) should be expected. now that the reversal candle at the overbought level is clear. daily trend following RSI(5) is not yet trigger sell the rip soooo....still in an early stage of short term trend reversal. be careful out there, have a good day mate!. Peace!
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 12:33 pm

It's the bear's last stand here to prevent another V reversal.
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 1:03 pm

The pullback probably will be bought. It's a V reversal again.
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Re: 10/22/2021 Live Update

Postby Cobra » Fri Oct 22, 2021 3:50 pm


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