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05/12/2021 Live Update

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Cobra
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05/12/2021 Live Update

Post 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.
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

Watch the bottom range. hard rebound or breakdown to mark a change in major trend?
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

SPY 15. Down a bit from the previous close. Showing some chop.

2021-05-12_06-36-36.png
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

ES daily. Down beneath the EMA 20. Tons of room below.

2021-05-12_06-50-15.png
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JFR
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Re: 05/12/2021 Live Update

Post 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
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

Dow 30. A whole lotta red.

Taking a break ...

2021-05-12_07-04-35.png
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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 05/12/2021 Live Update

Post 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
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

Alternatives. DBC, USO and UUP up. The rest down. Later ...

2021-05-12_07-09-11.png
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JFR
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Re: 05/12/2021 Live Update

Post 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
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Al_Dente
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Re: 05/12/2021 Live Update

Post 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
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ccash04
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Re: 05/12/2021 Live Update

Post by ccash04 »

SPY, You know you want to break 410, you know you do.
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

could be a head fake breakdown. got to be quick with this crazy world.
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

Intraday, beak down, no return allowed.!!!!
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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »

The breakdown may mean it's a downtrend day if no sharp rebound current bar (which is typical breakdown then sharp reversal).
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

Yep, I knew it. sitting out now. wait for new sell setup.
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Al_Dente
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Re: 05/12/2021 Live Update

Post 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
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Al_Dente
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Re: 05/12/2021 Live Update

Post by Al_Dente »

AAPL+MSFT+GOOG+AMZN+FB combined is down -1.8% today
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Al_Dente
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Re: 05/12/2021 Live Update

Post by Al_Dente »

well lookie there
who is up 2+% on the dow today
CVX
all alone up there
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

Strong bears today, I am chasing the down trend with da bears today.
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