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01/21/2022 Live Update

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Cobra
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01/21/2022 Live Update

Post by Cobra »

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Double bottom or not, wait and see. Maybe too small for a solid bottom even it is a double bottom?

Gap down but within the yesterday's range so likely it's a range day.
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JFR
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Re: 01/21/2022 Live Update

Post by JFR »

ES daily. Down, down and down. Beneath a key level of support.

2022-01-21_05-52-32.png
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JFR
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Re: 01/21/2022 Live Update

Post by JFR »

ES 60 minutes. Finding some support. Beneath the Pivot and the EMA 20.

2022-01-21_05-55-33.png
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JFR
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Re: 01/21/2022 Live Update

Post by JFR »

ES five minutes. Choppy. Testing down.

2022-01-21_06-08-42.png
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BullBear52x
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Re: 01/21/2022 Live Update

Post by BullBear52x »

It's out side day, gaped down 30 points atm, find excuse to sell with a dead cat bounce possibility in mind.
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BullBear52x
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Re: 01/21/2022 Live Update

Post by BullBear52x »

Trying to cross over inside yesterday's range, my pivot atm.
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JFR
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Re: 01/21/2022 Live Update

Post by JFR »

SPY 15. In a base. Needs a breakout.

2022-01-21_06-39-26.png
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Al_Dente
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Re: 01/21/2022 Live Update

Post by Al_Dente »

Yesterday QQQ closed below 200sma for the first time since March 2020
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JFR
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Re: 01/21/2022 Live Update

Post by JFR »

SQQQ, inverse of TQQQ.

2022-01-21_06-43-37.png
Last edited by JFR on Fri Jan 21, 2022 7:30 pm, edited 1 time in total.
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Re: 01/21/2022 Live Update

Post by JFR »

Alternatives. Relatively quiet.

2022-01-21_06-47-57.png
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BullBear52x
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Re: 01/21/2022 Live Update

Post by BullBear52x »

Very fearful market.
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Re: 01/21/2022 Live Update

Post by BullBear52x »

Overnight low is key, bounce or no bounce?
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Cobra
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Re: 01/21/2022 Live Update

Post by Cobra »


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Trades w 2 Cats
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Re: 01/21/2022 Live Update

Post by Trades w 2 Cats »

MES 03-22 (950 Tick) _ ES 03-22 (2000 Tick) 2022_01_21 (9_21_41 AM).png
Clear attempt to retake overnight low. Note the gap from 10/15 was filled.
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Re: 01/21/2022 Live Update

Post by Trades w 2 Cats »

ES 03-22 (24000 Tick) 2022_01_21 (9_19_51 AM).png
The afternoon drop yesterday when the equal risk funds dumped was very clearly a low volume event. I have been taught that means a weak zone on the chart could be easily retaken. Would be a bad place to cover a short. As Futures Trader 71 says, nothing to lean against.
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Mr. BachNut
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Re: 01/21/2022 Live Update

Post by Mr. BachNut »

NYMO is down in the lower Turn Zone, and the Oversold Zone is coming into view.
It has been a long time since NYMO has had an oversold zone tag.

Price has been closing down gaps and opening up gaps.
We have taken care of some unfinished business by tagging a stranded NYMO benchmark at SPX 4438.26. Hooray! :)
That leaves one stranded benchmark all the way down at SPX 3635.41. :shock: Personally, I think that one has to wait until the next recession.

We have tagged the 200 MA. This constitutes a first test.
Typically, there will be some support around here and a relief rally.
If a second test then fails, it should trigger patient money heading for the exit.

The market generally doesn't like to set a Friday low.
So, perhaps early next week.
That said, today is a big OPEX and next week is FOMC.
So, shorts may have twitchy fingers.

I remain short SPX and R2K.
May do some short time frame hedging for a bounce if it appears.
NYMO 012122.jpg
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Re: 01/21/2022 Live Update

Post by Trades w 2 Cats »

MES 03-22 (950 Tick) _ ES 03-22 (2000 Tick) 2022_01_21 (9_29_14 AM).png
Ah this brings back the memories. Big terrifying drops followed by rip your face off reversals.
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Cobra
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Re: 01/21/2022 Live Update

Post by Cobra »

Guess those buy programs at MA200 were triggered. Now let's see whether they're powerful enough.
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BullBear52x
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Re: 01/21/2022 Live Update

Post by BullBear52x »

Bouncey! last sell before the piercing candle.
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BullBear52x
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Re: 01/21/2022 Live Update

Post by BullBear52x »

Last sell failed, bullish peircing candle is in the work.
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