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07/07/2022 Live Update

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Cobra
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07/07/2022 Live Update

Post by Cobra »

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Triangle? Anyway it's not a strong rebound so far, triangle basically means the strength between bulls and bears are equal.
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koolblue
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Re: 07/07/2022 Live Update

Post by koolblue »

pre open.png
8-)
koolblue
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Re: 07/07/2022 Live Update

Post by koolblue »

The 3910 area, if hit should present a good short oppurtuinty. First in a while. Its hard to pin down the exact number since it could be anywhere from 3903 to 3910. I tend to favor 3906 or higher but we`ll see. Also the 3820 number is invalidated by any new high over 3875. Notice on the chart how the red avg is holding any declines. Thats normal rally behavior. Then at some point they will test the black avg, eventually breaking it . Im also watching the regression channel for support, resistance.
cletus
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Re: 07/07/2022 Live Update

Post by cletus »

Cletus open:

1) New path outlined based on recent strength. A build up today could lead to the first major accumulation day (>10:1 up volume to down volume) which could signal a new bull leg up
2) Double gap at 397 SPY remains a price objective minimum
3) Bears are losing footing, a few days left of bear moon cycle
4) Should see a rally the rest of July if bullish moon cycle carries things up
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Untitled.png
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Cobra
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Re: 07/07/2022 Live Update

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Al_Dente
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Re: 07/07/2022 Live Update

Post by Al_Dente »

I didn't expect QQQ and IWM targets to be met so soon
(spx not yet)
Screenshot 2022-07-07 074500.jpg
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: 07/07/2022 Live Update

Post by Cobra »

Good breakout at the right time so if no sharp pullback in the next couple of bars then it's an uptrend day.
0.png

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Cobra
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Re: 07/07/2022 Live Update

Post by Cobra »

Possible cup with handle so breakout to a new day high is more likely.
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Cobra
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Re: 07/07/2022 Live Update

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koolblue
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Re: 07/07/2022 Live Update

Post by koolblue »

Mid day update.png
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

ES daily. Trying to break out above the EMA 20.

2022-07-07_10-29-32.png
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

ES 5 minutes. Encountering strong resistance, after the move up. Riding the EMA 20.

2022-07-07_10-37-20.png
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

Dow 30. A whole lotta green. CAT leading. Some from the Staples sector, including WMT, PG and KO, trailing.

2022-07-07_10-42-00.png
Last edited by JFR on Thu Jul 07, 2022 2:09 pm, edited 1 time in total.
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

Alternatives, 15 minutes.

Mostly up, including DBC, IYR, SPYG, SPYV, USO and UUP.

TLT down.

IAU flat.

2022-07-07_10-49-45.png
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

HRB. The tax man. Hitting a new high.

Not holding at this time. Not recommending.

2022-07-07_10-59-47.png
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

SPY 5 minutes. Drifting upwards. Rather quiet today.

Back a bit later ...

2022-07-07_11-06-20.png
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cletus
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Re: 07/07/2022 Live Update

Post by cletus »

Cletus close:

1) Bulls in full control for the time being but no major accumulation day today for now
2) SPY 397 remains a reasonable minimum target if we continue up
3) Friday effect tomorrow - tendency for markets to levitate into low volume weekend trade
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JFR
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Re: 07/07/2022 Live Update

Post by JFR »

ES 5 minutes. Trying again to break out.

2022-07-07_12-06-21.png
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Cobra
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Re: 07/07/2022 Live Update

Post by Cobra »


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Cobra
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Re: 07/07/2022 Live Update

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