05/01/2021 Weekend Update

[Cobra]

Up 1 week, 76% chances higher high ahead the next week, so bulls should be OK holding positions over the weekend.

[Al_Dente]

LIVE:
Warren Buffett and Charlie Munger host the 2021 Berkshire Hathaway Annual Shareholders Meeting
https://www.youtube.com/watch?v=gx-OzwHpM9k

[Al_Dente]

Copper is at long term resistance; potential double top
Monthly chart

[BullBear52x]

From "It is what it is Department" Negative D, Bearish bias to continue. rip will be sold, Friday made another major turning point for early bird.
Not all Negative D or Positive D end the trend but it help to see the primary trend is about to run out of juice, bearish bias until there is positive crossed on MACD.

Short term momentum is also peaked. rips will be sold, keep it simple. Peace!

[BullBear52x]

Failed breakout, it is highly likely it will auction back down to the lower range. No bid on the top range. this is a fortune teller side of TA.

[JFR]

SPY daily, PnF.

My view: It ain't broke yet, but it is suspect --> Flying too high, getting too close to the Sun.

Folks on Cobra's forum will continue to give and get notice of corrections and trend changes (opinions) in the stock market.

Everbody, On Guard. Ha ha

[Cobra]

$AAII Bull - $AAII Bear keeps going down.

[JFR]

Another view. Trend up, at the top, but in a widening base, and tightening top to bottom. Breakout on tap. Which direction? Five dojis in a row --> no decision yet. Bulls and bears, fully armed, locked and loaded.

[Al_Dente]

the first trading day of May, has a bullish history over the past 23-years
https://jeffhirsch.tumblr.com/post/6499 ... daq-higher

[JFR]

SPY 15. Up a bit since Friday's close.