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05/12/2021 Live Update

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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

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

Post by Al_Dente »

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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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »

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

Post by JFR »

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

2021-05-12_08-16-56.png
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Al_Dente
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Re: 05/12/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:....SOXS still going strong ... but on neg d
stopped out
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

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

2021-05-12_08-29-35.png
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

ES 5. Another test down.

2021-05-12_08-34-29.png
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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »

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

Post by JFR »

EPD having a good day.

2021-05-12_08-55-06.png
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JFR
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Re: 05/12/2021 Live Update

Post by JFR »

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

2021-05-12_09-12-23.png
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Mr. BachNut
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Re: 05/12/2021 Live Update

Post by Mr. BachNut »

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.
NYM 051221.jpg
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Mr. BachNut
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Re: 05/12/2021 Live Update

Post by Mr. BachNut »

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

Post by Cobra »


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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »

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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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

Done for the day. :mrgreen:
Let do some chart study for tomorrow.
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

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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Cobra
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Re: 05/12/2021 Live Update

Post by Cobra »

Probably breakdown is more likely.
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

I will buy in if we hit 65ish. only way from here is up. Hahaha
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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

$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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BullBear52x
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Re: 05/12/2021 Live Update

Post by BullBear52x »

for buyers.
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