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03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 8:36 am
by Cobra
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Lower high or not, wait and see. 50% chances.

Gap down within the Friday's range so likely just a range day.

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 8:49 am
by JFR
SPY 15. Down from Friday's high.


Screenshot_20210329_054846.jpg

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 9:36 am
by JFR
SPY 1. Climbing back up.


2021-03-29_06-35-56.png

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 9:58 am
by JFR
SPY 1. All's quiet ... So far. Ha ha


2021-03-29_06-57-22.png

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 10:07 am
by Cobra

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 10:10 am
by JFR
ROST 1 minute. Finding some action on the short side. Taking a break ...


2021-03-29_07-09-01.png

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 10:55 am
by Al_Dente
"She's free": Traffic in Suez Canal resumes after stranded ship refloated
https://www.reuters.com/article/egypt-s ... SL1N2LR06I

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 11:06 am
by Cobra
Breakdown in the next couple of bars with good looking bear bar, then it's a downtrend day, key time.

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 11:34 am
by Al_Dente
Larry McDonald on Archegos' forced liquidation
3min video, this morning
https://www.youtube.com/watch?v=3qzwhF3MxLs

BANKS and SPY, daily
329banks perf.png.jpg

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 12:16 pm
by Cobra

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 12:32 pm
by Cobra
Measured move up? 51% chances I think.

1.png

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 1:07 pm
by te_fern
went and mowed my yard. missed quite a move!!

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 1:59 pm
by Al_Dente
maybe call buyers want to buy more, but for now they are on the fence, with a neg divergence
breadth stinks
329calls fence.png.jpg

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:10 pm
by Al_Dente
“The S&P 500 in particular looks vulnerable from a tech pullback as more than 25% of its top holdings are tech companies.”
[Pasha here: a cursory count of Technology Sector and “Communications Services” stocks ROUGHLY verifies that 25% number]

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:34 pm
by JFR
MMM. An oldie but goodie.


2021-03-29_12-31-58.png

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:36 pm
by Cobra

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:43 pm
by JFR

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:53 pm
by Cobra

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 3:55 pm
by Cobra
Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

Thank you guys, I'll see you in another thread soon.

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374

Re: 03/29/2021 Live Update

PostPosted: Mon Mar 29, 2021 4:05 pm
by BullBear52x
I got two days to trade this week, get ready for Turn around Tuesday? this is not a bullish run material today. Hmm.... see ya tomarooo