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Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 10:47 am
by BullBear52x
Last year $50K worth of lumber can build 10 houses. today can build 2 1/2. next year property tax revenue should be good for our local government :lol: on investing side of thing, GOLD and Bit coins are no match to lumber in last 90 days.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:12 am
by BullBear52x
So far so good for bears.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:15 am
by Al_Dente
spy is backtesting the box that we just broke above on friday
and with a two-day double top and lower low it doesn’t look good for bulls …. we’ll see...
qqq shows a bit of a bearish-island-gap on this 30min, but not on the daily
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Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:21 am
by Trades w 2 Cats
MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_05_10 (10_17_56 AM).png


My larger channel is a bit raggedy but I got to live with it. Three touches both sides but big problem us the traders on the other side of the Atlantic are done for the day so timing is about right for a bust out to the upside and the afternoon grind up.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:21 am
by Cobra
Guess the low was in for today, it's just a range day.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:24 am
by BullBear52x
No down trend, last sell coupon. time to pack up for bears if no new LL from here.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:40 am
by Al_Dente
Small bit of a divergence between the VIX indices and their call/put equivalent ETFs
Maybe too slight atm… I may just be grasping at straws ???

510proxy.png.jpg

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 11:58 am
by BullBear52x
No Go for bears. try again tomorrow.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 12:01 pm
by Al_Dente
IPO is the symbol for the most recently listed IPOs
Jason thinks the IPO bubble has popped.
The daily chart shows a few cockroaches below the 200sma, and a bearish-island gap.
https://www.sentimentrader.com/blog/thi ... 1366687428

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 12:11 pm
by Cobra

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 2:14 pm
by ccash04
Testing near LOD on SPY, late day breakdown? Hard to see it staying up with the Nasdaq getting battered

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:01 pm
by Cobra
The rebound probably will be sold, might safe to say this bear shall have legs.

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:18 pm
by JFR
ES 5. Back at the keyboard, and I see, down, down, down. Finding some support though.


2021-05-10_12-17-02.png

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:20 pm
by BullBear52x
Edit:SPX classic, Sell triggered. I missed today's last run down, but what I was hoping to see is in play. it will fall under its own weight. well, in a bulls market it is hard to stay in and a Bear market it is hard to stay out. for that the dip buyer will be hard to stay out be warned!

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:35 pm
by BullBear52x
Down target is still the same, 4170

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:39 pm
by Cobra

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:49 pm
by Al_Dente
Direxion has filed with the SEC to IPO a couple of 2x leveraged Clean Energy ETFs, long and short.
They will tracks the “S&P Global Clean Energy Index”
They may be called "Direxion Daily Global Clean Energy Bull 2x” and "Direxion Daily Global Clean Energy Bear 2x”
They are now in the SEC “quiet period”.
PLEASE POST IF YOU SEE NEWS THAT GIVES DATES FOR THE NEW ETFs

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:51 pm
by Cobra

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:53 pm
by Cobra
Well, guess that's it for today. Here's what Tuesday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449374

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

Before the close, please take a little time to vote for me, thanks: https://stockcharts.com/public/1684859/ ... /533449374

Re: 05/10/2021 Live Update

PostPosted: Mon May 10, 2021 3:55 pm
by JFR
ES 5. Testing down beneath support.

Have a good afternoon/evening, Everyone.


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