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04/22/2021 Live Update

04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 8:36 am

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Touch the line above then breakout would be very likely so the bias is up.

Flat open, likely just a range day.
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 9:29 am

1-2-3 chart pattern. Bears still got plenty of games.
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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 9:41 am

BullBear52x wrote:1-2-3 chart pattern. Bears still got plenty of games.


Has to be sharp down today in order for the pattern to be valid.

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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 9:48 am

Do or die for bulls here. ES
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Re: 04/22/2021 Live Update

Postby Al_Dente » Thu Apr 22, 2021 9:56 am

The Labor Department on Thursday reported 547,000 new filings for unemployment benefits during last week, lower than expected and a new Covid pandemic low. The prior week's initial jobless claims were upwardly revised to 586,000, but these are the first readings under 600,000 since the 256,000 reported for the week ending March 14, 2020. (CNBC)
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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 10:04 am


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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 10:14 am

New LL, we will have a down trend day. (inside day)
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Re: 04/22/2021 Live Update

Postby Al_Dente » Thu Apr 22, 2021 10:19 am

Existing home sales were worse than expected, dropping 3.7% MoM.
All regions posted sales declines in March, led by an 8% decrease in the West and a 2.9% drop in the South.
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Re: 04/22/2021 Live Update

Postby Al_Dente » Thu Apr 22, 2021 10:36 am

Internals
View from the SHORT side
At the moment, shorts are weak
422short int.png.jpg
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 10:38 am

Last sell for bears, no new LL from here or a penny higher than this entry, it will be sideways range day at best. lets go bears.
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 10:53 am

This is my classic range day forecast when both BUY and SELL failed. bulls got an upper hand from here but I don't expect any big move to sustain all day. break time.....
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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 12:34 pm


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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 1:03 pm

2nd leg up but looks like even stronger than the previous one so a renewed strength therefore still more up?
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 1:08 pm

I knew it, it will not hold.
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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 1:09 pm

Must be a news.
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 1:11 pm

weak sauce, now the support, will it hold. until then the seller will jump in again.
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Re: 04/22/2021 Live Update

Postby mikeqc » Thu Apr 22, 2021 1:12 pm

Biden plans increase capital gain tax
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Re: 04/22/2021 Live Update

Postby Al_Dente » Thu Apr 22, 2021 1:14 pm

OLD NEWS: Biden to propose Capital Gains Tax
NEW NEWS: Tax may be "as high as 43.4% for wealthy"
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Re: 04/22/2021 Live Update

Postby Cobra » Thu Apr 22, 2021 1:44 pm

Measured move down?
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Re: 04/22/2021 Live Update

Postby BullBear52x » Thu Apr 22, 2021 1:46 pm

support, time for media to roll out good news. :D
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