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05/12/2021 Live Update

Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 11:01 am

Using MA as a stop. time to relax a bit now.
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Re: 05/12/2021 Live Update

Postby Al_Dente » Wed May 12, 2021 11:01 am

Al_Dente wrote: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

update
ERX squeeze stopped out
SOXS still going strong ... but on neg d
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Re: 05/12/2021 Live Update

Postby Cobra » Wed May 12, 2021 11:15 am

Kiss goodbye? For now the rebound looks like would be sold.
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Re: 05/12/2021 Live Update

Postby JFR » Wed May 12, 2021 11:18 am

All fall down. DIA, IWM, QQQ, SPY. IWM breaking above the EMA 20.


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Re: 05/12/2021 Live Update

Postby Al_Dente » Wed May 12, 2021 11:20 am

Al_Dente wrote:....SOXS still going strong ... but on neg d

stopped out
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Re: 05/12/2021 Live Update

Postby JFR » Wed May 12, 2021 11:32 am

Even the good take hits. That's all right. Setting up some value plays. Profit taking. Short selling. Maybe a bit ominous.


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Re: 05/12/2021 Live Update

Postby JFR » Wed May 12, 2021 11:35 am

ES 5. Another test down.


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Re: 05/12/2021 Live Update

Postby Cobra » Wed May 12, 2021 11:44 am

Watch for possible double bottom here.
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Re: 05/12/2021 Live Update

Postby JFR » Wed May 12, 2021 12:05 pm

EPD having a good day.


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Re: 05/12/2021 Live Update

Postby JFR » Wed May 12, 2021 12:13 pm

ES 5. And another test down. Back later ...


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Re: 05/12/2021 Live Update

Postby Mr. BachNut » Wed May 12, 2021 12:15 pm

Quick update...

Price has tagged the stranded benchmark at SPX 4086.23.
At the same time NYMO is flirting down by the Turn Zone.
There is an open gap target a few handles from here down at SPX 4079.95.
Perhaps bears could take this to the 50MA at SPX 4050.27.

So, we are getting to a neighborhood where some kind of low could be set... or not.

Still flat.

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Re: 05/12/2021 Live Update

Postby Mr. BachNut » Wed May 12, 2021 12:17 pm

Gap closed.
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Re: 05/12/2021 Live Update

Postby Cobra » Wed May 12, 2021 12:18 pm


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Re: 05/12/2021 Live Update

Postby Cobra » Wed May 12, 2021 1:16 pm

First test of EMA20 in 2+ hours, should attract some sellers, watch for EMA short setup which sometimes is only good for a scalp though.
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Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 1:59 pm

Done for the day. :mrgreen:
Let do some chart study for tomorrow.
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Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 2:09 pm

4065 is the other target but only 5 handles from today's low. we are too close for a good rebound area. now entering bulls honey hole area, a reversal or a dead cat bounce will be something I will look forward to.
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Re: 05/12/2021 Live Update

Postby Cobra » Wed May 12, 2021 2:10 pm

Probably breakdown is more likely.
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Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 2:18 pm

I will buy in if we hit 65ish. only way from here is up. Hahaha
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Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 2:42 pm

$CPC is .99 from yesterday's closed. today it should be over 1, that is a panic level. if >1 I will be finding excuse to buy in. Peace!
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Re: 05/12/2021 Live Update

Postby BullBear52x » Wed May 12, 2021 2:48 pm

for buyers.
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