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04/29/2021 Live Update

04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 8:35 am

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Renewed strength after a couple of days consolidation. Don't know how far it can go.

Gap up above the yesterday's high so likely a range day either up or down.
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Re: 04/29/2021 Live Update

Postby Al_Dente » Thu Apr 29, 2021 9:56 am

429ONE HUNDRED.png.jpg

via Fox News
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 10:19 am


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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 10:21 am

It's morning hourly filled black bar.
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Re: 04/29/2021 Live Update

Postby BullBear52x » Thu Apr 29, 2021 10:40 am

Krazy
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 10:51 am

Should be a rebound here first then we'll see.
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Re: 04/29/2021 Live Update

Postby BullBear52x » Thu Apr 29, 2021 10:51 am

spy 19 mil shares bulls trap.
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 12:12 pm

Maybe a rebound here first then we'll see. It was a measured move down.
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 12:16 pm


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Re: 04/29/2021 Live Update

Postby Al_Dente » Thu Apr 29, 2021 1:04 pm

As soon as this VIX 5-correlation tool moves down below the zero line (may take a day or two) it will give a sell-spy signal,
good for a day/few days of pullback
DAILY chart
429corr.png.jpg
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Re: 04/29/2021 Live Update

Postby Al_Dente » Thu Apr 29, 2021 1:08 pm

McElligott: expects a “crash up”
spotgamma: “We are currently giving the “upside” an edge due to the negative gamma position in QQQ/IWM
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 2:09 pm

Some resistances here.
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 2:48 pm

Finally should be a pullback here which likely would be bought though.
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Re: 04/29/2021 Live Update

Postby JFR » Thu Apr 29, 2021 2:58 pm

SPY 5 minutes. Helluva fight. The bears had the bulls down on the mat, with the referee counting. The resilient bulls give their head a shake, then take it to the overconfident bears. That is one helluva comeback. Fight on, as usual. Collapse? Too early.


2021-04-29_13-12-16.png
Last edited by JFR on Thu Apr 29, 2021 4:13 pm, edited 2 times in total.
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Re: 04/29/2021 Live Update

Postby BullBear52x » Thu Apr 29, 2021 2:58 pm

The painter is painting hanging man.
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Re: 04/29/2021 Live Update

Postby JFR » Thu Apr 29, 2021 3:05 pm

ES daily. Poking its nose above resistance. Resistance acting as a noose also, for the hanging man, as he tries to get air. There have been other hanging men on the way up; he is a tough bull. Cash in and get ready for the next day.


2021-04-29_12-00-34.png
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Re: 04/29/2021 Live Update

Postby BullBear52x » Thu Apr 29, 2021 3:06 pm

End of month window dressing, sell in May and go away in coming weeks.
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Re: 04/29/2021 Live Update

Postby JFR » Thu Apr 29, 2021 3:13 pm

Some winners and losers on the Dow.


2021-04-29_12-11-08.png
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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 3:29 pm


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Re: 04/29/2021 Live Update

Postby Cobra » Thu Apr 29, 2021 3:51 pm


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