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05/12/2021 Live Update

PostPosted: Wed May 12, 2021 8:35 am
by Cobra
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Don't know what pattern it is. Maybe a rebound then down again to make a 3 push down before a bottom can be possible?

Gap down open so could be a trend day either up or down.

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 9:30 am
by BullBear52x
Watch the bottom range. hard rebound or breakdown to mark a change in major trend?

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 9:38 am
by JFR
SPY 15. Down a bit from the previous close. Showing some chop.


2021-05-12_06-36-36.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 9:52 am
by JFR
ES daily. Down beneath the EMA 20. Tons of room below.


2021-05-12_06-50-15.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 9:54 am
by JFR
ES 5 minutes. "Houston, we have some chop." Al Brooks calls it barbed wire. The worst place to make a play.


2021-05-12_06-53-20.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:06 am
by JFR
Dow 30. A whole lotta red.

Taking a break ...


2021-05-12_07-04-35.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:07 am
by Cobra

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:07 am
by Al_Dente
Daily chart, as of yesterday’s close:
The equity put/call ratio (inverted here so it becomes the call/put ratio), 3ma, has been bear-spy all month
512pcr.png.jpg

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:10 am
by JFR
Alternatives. DBC, USO and UUP up. The rest down. Later ...


2021-05-12_07-09-11.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:15 am
by JFR
ES 5. Testing beneath support. One foot in the water. Ha ha. Now for the break ...


2021-05-12_07-13-50.png

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:20 am
by Al_Dente
SOXS is attempting to squeeze. That makes sense.
More interestingly ERX is squeezing also. Yup that's the 2x bull XLE. Bull energy. Who knew. I guess it's the CPI

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:31 am
by ccash04
SPY, You know you want to break 410, you know you do.

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:31 am
by BullBear52x
could be a head fake breakdown. got to be quick with this crazy world.

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:33 am
by BullBear52x
Intraday, beak down, no return allowed.!!!!

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:37 am
by Cobra
The breakdown may mean it's a downtrend day if no sharp rebound current bar (which is typical breakdown then sharp reversal).

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:38 am
by BullBear52x
Yep, I knew it. sitting out now. wait for new sell setup.

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:43 am
by Al_Dente
SPX daily
Breaks the box
If the breakdown can hold, the first target is a test of that old gap from early april at 4024-4032
[80% of gaps get filled]
512gap.png.jpg

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:46 am
by Al_Dente
AAPL+MSFT+GOOG+AMZN+FB combined is down -1.8% today

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:50 am
by Al_Dente
well lookie there
who is up 2+% on the dow today
CVX
all alone up there

Re: 05/12/2021 Live Update

PostPosted: Wed May 12, 2021 10:55 am
by BullBear52x
Strong bears today, I am chasing the down trend with da bears today.