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05/17/2022 Live Update

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Cobra
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05/17/2022 Live Update

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Strong push up overnight, no idea whether it would hold or not, wait and see.
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JFR
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Re: 05/17/2022 Live Update

Post by JFR »

ES daily. The bulls are not dead yet. Strong bar. 3rd up day in a row.

2022-05-17_04-34-25.png
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JFR
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Re: 05/17/2022 Live Update

Post by JFR »

ES 60 minutes. Up from the Pivot, through R1 all the way to R2.

2022-05-17_04-36-38.png
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JFR
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Re: 05/17/2022 Live Update

Post by JFR »

SPY 15. Strong move up. Finding resistance at R2.

2022-05-17_04-40-25.png
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JFR
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Re: 05/17/2022 Live Update

Post by JFR »

ES 5 minutes. Nope, the bulls are not dead yet. If ever. All over the resistance line R2.

2022-05-17_04-42-07.png
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koolblue
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Re: 05/17/2022 Live Update

Post by koolblue »

hourly.png
Remember, whether this rally rolls over today or a week from now, it is a bear market rally imho. :shock:
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Re: 05/17/2022 Live Update

Post by koolblue »

15 MIN.png
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Re: 05/17/2022 Live Update

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Re: 05/17/2022 Live Update

Post by Cobra »

It's a morning hourly filled black bar
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merryme
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Re: 05/17/2022 Live Update

Post by merryme »

Update from ROMAN BOGOMAZOV on twitter. He does analogs from previous years compared to our current market....

https://twitter.com/WyckoffAnalysis/sta ... 0125498369

The similarities to 2008 and current market.
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Al_Dente
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Re: 05/17/2022 Live Update

Post by Al_Dente »

5/17 SentimenTrader
For only the 7th time in 22 years, LAST WEEK, the smallest options traders spent 30% or more of their volume buying put options to open.... These traders spent $5.9 billion on premiums for put options versus "only" $5.2 billion on call options. It's extremely rare for retail traders to pay more in premiums for put protection than for speculating on rallies.

Our Backtest Engine shows that the S&P 500 rallied over the next year after every time they did so, averaging a healthy return of 21%. The only precedents are all-out market crashes, so there was a lot of volatility in the short term.

Dealers taking the other side of the trades now have negative Gamma Exposure, which has consistently preceded market rallies.
Just as investors reached a level of near maximum pessimism, a buying thrust on Friday was the largest in years.
Big thrusts in volume in advancing stocks the day after a low have tended to mark turning points.
Last edited by Al_Dente on Tue May 17, 2022 11:41 am, edited 1 time in total.
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Cobra
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Re: 05/17/2022 Live Update

Post by Cobra »

Probably we had the range high and low of the day.
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Re: 05/17/2022 Live Update

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Al_Dente
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Re: 05/17/2022 Live Update

Post by Al_Dente »

WHO WAS DOING BIG VOLUME?
5/16 according to the latest TIC data... [via zh]
Foreigners sold a record $94.3BN in corporate stocks, (almost 4x more than the $25.4BN sold in February, and the most on record)..

According to the latest 13F filings:
"Tiger Global [the biggest tech-focused hedge fund of them all] sells, liquidates billions." ...They sold out of sold out of Netflix, Adobe, Coupa, Sunrun, Paypal and more. They ditched 83 stocks entirely in the first quarter

Warren sold Wells Fargo and bought Citigroup.

And more....
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Al_Dente
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Re: 05/17/2022 Live Update

Post by Al_Dente »

Bulls need to clear that resistance at the potential-double-top
60min
Screenshot 2022-05-17 092309.jpg
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Cobra
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Re: 05/17/2022 Live Update

Post by Cobra »

Rejected at the range high, now seeking the range low, doesn't look good though as it seems now bears are in control.
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koolblue
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Re: 05/17/2022 Live Update

Post by koolblue »

koolblue wrote:
15 MIN.png
Told ya we would see higher prices, just like the indicator peak said we would
merryme
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Re: 05/17/2022 Live Update

Post by merryme »

Who's dumping all this stock, like WMT today. WMT's 50day avg vol= 7,971,114 and today already 34.4 million. That's not retail traders (yet.) Funds are dumping.

This is informative: https://www.refinitiv.com/en/the-big-conversation
Sharing research and ideas only, this is not trading advice.
“If people concentrated on the really important things in life, there’d be a shortage of fishing poles.” – Doug Larson
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Al_Dente
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Re: 05/17/2022 Live Update

Post by Al_Dente »

merryme wrote:Who's dumping all this stock, like WMT today. WMT's 50day avg vol= 7,971,114 and today already 34.4 million. That's not retail traders (yet.) Funds are dumping.

This is informative: https://www.refinitiv.com/en/the-big-conversation
WMT reported earnings
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Al_Dente
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Re: 05/17/2022 Live Update

Post by Al_Dente »

If (IF, IF) the breakout can hold, the target (orange) is the previous double-top
If it's a trap, look out below to at least the grey gap
60m
Screenshot 2022-05-17 123609.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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