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05/11/2021 Live Update

05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 8:40 am

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In support area, let's see the past aggressive dip buyers are still willing to buy.

Gap down below yesterday's low so could be a trend day either up or down.
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Re: 05/11/2021 Live Update

Postby JFR » Tue May 11, 2021 8:54 am

SPY 15. Down from the close of 417.94, but the market seems calm, even as the world goes crazy. Crazy is the new norm. Pandemic. Shootings. Authoritarians. Climate. Intolerance. Lies. Conspiracies. But the market is calm; all is good. So far.


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Re: 05/11/2021 Live Update

Postby JFR » Tue May 11, 2021 9:34 am

Dow 30. More red than green.


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Re: 05/11/2021 Live Update

Postby Al_Dente » Tue May 11, 2021 9:53 am

The Labor Department's JOLTS report the measure of job opportunities and labor turnover is out at 10 a.m. ET, with economists expecting it to show 7.5 million job openings as of the end of March. That would be up from the 7.4 million openings seen at the end of February.
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Re: 05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 10:03 am


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Re: 05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 10:03 am

It's a morning hourly hollow red.
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Re: 05/11/2021 Live Update

Postby JFR » Tue May 11, 2021 10:07 am

DIA, QQQ and SPY down. IWM almost filled its gap.


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Re: 05/11/2021 Live Update

Postby JFR » Tue May 11, 2021 10:11 am

Alternatives. Commodities up. IAU, IYR, SPYG, SPYV, TLT down. USO on the bounce up. UUP down.

Back later ...


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Re: 05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 10:56 am

If the current rebound fails, then it'd be a downtrend day.
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Re: 05/11/2021 Live Update

Postby BullBear52x » Tue May 11, 2021 11:18 am

Honey hole on the buy side now. buy! switch side.
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Re: 05/11/2021 Live Update

Postby BullBear52x » Tue May 11, 2021 11:22 am

ES intraday, Bears earned one more sell rip coupon, but it's way oversold now. bulls will fight back hard here, will see what the next sell brings I am not as bearish now.
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Re: 05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 11:22 am

It's the bear's last stand here. Maybe a little pullback but probably it means it's just a range day.
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Re: 05/11/2021 Live Update

Postby Al_Dente » Tue May 11, 2021 11:23 am

"Big Tech and top chipmakers have formed a new lobbying group that is seeking government chip manufacturing subsidies.
POTUS "has previously asked Congress to provide $50 billion of federal money.

That makes me vomit. After making their $billions/trillions, the techs and chip makers now want a government bailout. :roll:
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Re: 05/11/2021 Live Update

Postby BullBear52x » Tue May 11, 2021 11:29 am

If you look at profile, without overnight trading 4170 was gaped down over it. looks to me there is unresolved business up there. NOT sure on this one just mumbling, but if bulls can rebound to there it will not surprise me at all.
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Re: 05/11/2021 Live Update

Postby BullBear52x » Tue May 11, 2021 11:37 am

Buy MA support setup if bulls are serious. last sell is failing so far.
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Re: 05/11/2021 Live Update

Postby Al_Dente » Tue May 11, 2021 11:40 am

spy traversed down to the bottom of the box, and is now attempting to bounce
that’s classic Box theory … if the bounce can hold... the next move tests the top of the box again
30m
511thirt.png.jpg
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Re: 05/11/2021 Live Update

Postby Al_Dente » Tue May 11, 2021 11:43 am

511key.png.jpg
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Re: 05/11/2021 Live Update

Postby BullBear52x » Tue May 11, 2021 11:58 am

Breakout and up will create the up trend day scare to the bears. Top pivot, Hmmm
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Re: 05/11/2021 Live Update

Postby Cobra » Tue May 11, 2021 12:01 pm


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Re: 05/11/2021 Live Update

Postby Al_Dente » Tue May 11, 2021 12:04 pm

Elon
live interview
started 20 min ago
https://www.youtube.com/watch?v=NdmVj10NnAg
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