05/20/2021 Live Update

[Cobra]

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I need go outside for couple of hours so have to open this thread earlier.

Higher low or not, wait and see. Usually 8:30 am news may change the move, I just cannot wait until then.

For now it's a flat open so likely just a range day.

[JFR]

SPY 15. Choppy in the final hours of yesterday's regular hours session. Smoother moves down then up in the extended hours.

[Al_Dente]

In the week ending May 15, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 34,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000.

[JFR]

Dow 30. Mostly green. Quiet opening. CSCO continues to take hits.

Busy day. Will check later ...

[Al_Dente]

Top panel is perentage, bottom panel is straight price

[Trades w 2 Cats]

Ran out of sellers

[Cobra]

Members only update at 10:10 am
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[te_fern]

This grind higher is dangerous for me. I tend to get antsy and buy something just to trade and it will fall immediately after. Sitting on my hands or going for a walk!! LOL!

[te_fern]

For example the QQQ's. Waiting for a decent pullback now, missed the early trade....

[Cobra]

Breakout with good looking bull bar here would mean an uptrend day.

[Al_Dente]

Unconfirmed “BIG W” pattern
“The pattern confirms as a valid one when price closes above the highest peak between the two bottoms.”
http://thepatternsite.com/bigw.html

[BullBear52x]

CPC was over 1, buy the panic, but I don't think it will be this exciting.

[BullBear52x]

This is where I sell with no stop. LOL

[Cobra]

Isn't it a bump and run pattern? Any one else sees the same?

[BullBear52x]

dip will be bought after this.

[BullBear52x]

Cash SPX, back into no man's land.

[Al_Dente]

Bank of America announced this week that it plans to raise the wages of its lowest-paid employees to $25 an hour by 2025
https://qz.com/2010729/what-bank-of-ame ... yone-else/

[Al_Dente]

LONG TERM, FIVE YEARS, WEEKLY.
Spot the outlier

[Cobra]

Members only update at 12:15 pm
http://www.cobrasmarketview.com/2021/05 ... ay-update/

[Cobra]

It indeed was a bump and run pattern. Now break the trend line so should be in run phase which means sharp down but I don't believe this part though, instead, I think the pullback should be bought, maybe around EMA20.