Back to www.cobrasmarketview.com

04/29/2021 Market Recap

Post Reply
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

04/29/2021 Market Recap

Post by Cobra »

Doji plus volume surge means distribution so maybe a couple of days pullback here then we'll see.
Attachments
spy.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58344
Joined: Sat Feb 12, 2011 10:29 pm

Re: 04/29/2021 Market Recap

Post by Cobra »

4.png
Called two rebounds right and one pullback right, nice. Didn't see it's a V reversal today though.
viewtopic.php?f=2&t=4573&p=294075#p294075
viewtopic.php?f=2&t=4573&p=294077#p294077
viewtopic.php?f=2&t=4573&p=294082#p294082

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.
  • My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
  • Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.
  • Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
JFR
Posts: 10125
Joined: Sun Dec 02, 2012 7:24 pm

Re: 04/29/2021 Market Recap

Post by JFR »

SPY 15. Overnight action. Things have quieted down. Not so much chop, nor spikes. Price is sliding down a bit.

2021-04-30_02-11-55.png
Charts posted are not recommendations. They are just a sharing of information.
Post Reply