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04/20/2021 Live Update

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BullBear52x
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Re: 04/20/2021 Live Update

Post by BullBear52x »

Down magnet target if new LL is coming today. greedy bear target.
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JFR
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Re: 04/20/2021 Live Update

Post by JFR »

SPY 5. Flattening out. Very calm. Small bars. No spikes. Under the EMA 20. Forming a base. And now, staring to push up a bit, waking up, ready for some action.

2021-04-20_10-18-36.png
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JFR
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Re: 04/20/2021 Live Update

Post by JFR »

SPY 5. The bears are awake. Back a bit later ...

2021-04-20_10-24-54.png
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BullBear52x
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Re: 04/20/2021 Live Update

Post by BullBear52x »

See 1H RSI, very oversold. bulls will fight tooth and nail here.
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BullBear52x
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Re: 04/20/2021 Live Update

Post by BullBear52x »

next 24H projection. this rebound have a chance to go as high as 4152ish. but first see reaction at 4130 first.
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BullBear52x
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Re: 04/20/2021 Live Update

Post by BullBear52x »

Today the volume profile kind of help in the way that, with earlier sell off the value area never dropped lower, giving bulls a hope of trading back up inside the value area with a single (LVN 4152.5) right at its middle. the sell off were strong created acceptance value around 4120 also and resistance at 4130. so.....that's what she wrote so far.

Trend following rip will be sold @ 5 min. RSI >70. same playbook.

Trade well, Peace!
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

The last few corrections were ROUGHLY (rounded up) -4%, -5% and -6%
So let’s project -6% down and that hits at about 3940
At the very least we have a magnet gap (two grey dashed lines) at 4024-4032 that needs to be filled
We pulled back in January, February and March…. why not now?
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Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

BofA only expects a 10% correction
“A correction back to 3800 would only revert prices to mid-2020. Over the last 5-years, corrections have ranged from roughly -10% to -33%. Notably, these corrections usually have reverted the index either to the 200-dma or beyond.
Given the magnitude of the market’s current deviation from the 200-dma, a correction will likely surpass 3800. A retest of the 200-dma seems most probable.
[caveat: BofA is not known for their precient analysis, like for example MS’s Wilson is]
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: 04/20/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 04/20/2021 Live Update

Post by Al_Dente »

NFLX earnings after hours
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Cobra
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Re: 04/20/2021 Live Update

Post by Cobra »


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Cobra
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Re: 04/20/2021 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Wednesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449381

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

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