Back to www.cobrasmarketview.com

   

05/21/2021 Live Update

05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 8:35 am

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

    Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.
    Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.
    Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.
    I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to info@cobrasmarketview.com.
========================================================================================================================================================================

Probably will touch the line above and break it but whether the break can hold, will have to see.

Gap up but not well above the yesterday's high so might just be a range day.

ES60min.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 50385
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/21/2021 Live Update

Postby JFR » Fri May 21, 2021 8:55 am

SPY 15, extended. Quiet at this time. Up from the close of 415.28. No pbars. Ha ha


Screenshot_20210521_055455.jpg
User avatar
JFR
 
Posts: 5958
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/21/2021 Live Update

Postby 1der » Fri May 21, 2021 9:03 am

Almost always a P-bar at 5pacific/8eastern
80AC50DA-137D-4875-B32F-BC7306DF756C.png


And often there is one after the market closes such as this one from last night:
AA34A563-F67F-4218-8BB0-9B4FA9AA0B31.png

And Apple typically has a morning one as well
614EDFDF-9BFD-4E65-B0E1-88C7B8F2072B.png
1der
 
Posts: 651
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/21/2021 Live Update

Postby JFR » Fri May 21, 2021 9:17 am

1der wrote:Almost always a P-bar at 5pacific/8eastern
80AC50DA-137D-4875-B32F-BC7306DF756C.png


And often there is one after the market closes such as this one from last night:
AA34A563-F67F-4218-8BB0-9B4FA9AA0B31.png

And Apple typically has a morning one as well
614EDFDF-9BFD-4E65-B0E1-88C7B8F2072B.png


Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.
User avatar
JFR
 
Posts: 5958
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/21/2021 Live Update

Postby JFR » Fri May 21, 2021 9:24 am

AAPL 15, extended. About where it closed Thursday.


Screenshot_20210521_062452.jpg
User avatar
JFR
 
Posts: 5958
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 9:29 am

The National Association of Realtors reports April existing home sales at 10 a.m. ET.
Economists expect a 0.2% increase to an annual rate of 6.02 million units.
Existing home sales fell 3.7% in March.
User avatar
Al_Dente
 
Posts: 26089
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/21/2021 Live Update

Postby JFR » Fri May 21, 2021 9:35 am

Dow 30. Whole lotta green. CSCO trailing the pack again.

Gotta go. Will check later ...


Screenshot_20210521_063440.jpg
User avatar
JFR
 
Posts: 5958
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/21/2021 Live Update

Postby 1der » Fri May 21, 2021 9:38 am

JFR wrote:
1der wrote:Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.


Ha ha - for long time I did post and even kept track and posted a chart with the Pbar levels extended out to the right so one could see how those price levels come into play days / weeks later. I never could figure out a system that made sense although they often clearly are revisited and become pivot points / resistance/ support levels.

The smaller Pbars, like this morning's, get lost in the higher time frames so I drill down to see if one was there. Your chart has it.

I for one appreciate your Pbar posting ;)

And kudos/credit to Mr. Miyagi who put tremendous effort into tracking and posting PBars :ugeek:
1der
 
Posts: 651
Joined: Thu Mar 24, 2011 4:03 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 9:41 am

I can't resist. sell first will see from here.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 9:42 am

1,5, 60min. are all overbought=very bullish but TRIN is well >1
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/21/2021 Live Update

Postby JFR » Fri May 21, 2021 9:44 am

1der wrote:
JFR wrote:
1der wrote:Ah ha. Methinks that might be a good posting for you from now on. Ha ha

If StockCharts has one for SPY on thev15' I usually point it out.


Ha ha - for long time I did post and even kept track and posted a chart with the Pbar levels extended out to the right so one could see how those price levels come into play days / weeks later. I never could figure out a system that made sense although they often clearly are revisited and become pivot points / resistance/ support levels.

The smaller Pbars, like this morning's, get lost in the higher time frames so I drill down to see if one was there. Your chart has it.

I for one appreciate your Pbar posting ;)


They are interesting. Oftentimes hit, as we know. Not a big concern to me, but it seems like Bot/algo activity, setting up possible targets, at little cost to them.

I was teasing about posting. Ppl post what they when they want. My interest, energy and time available regarding posting varies. Re the pbar postings, you are welcome.

Yes thank you to Mr Miyagi re the Miyagi bars, err, pbars.

Later ...
User avatar
JFR
 
Posts: 5958
Joined: Sun Dec 02, 2012 7:24 pm

Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 9:56 am

$NYADV:$NYDEC = 3.6
$NYUPV:$NYDNV = 3.1
User avatar
Al_Dente
 
Posts: 26089
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 10:00 am

gap almost filled ?
can it hold ?
User avatar
Al_Dente
 
Posts: 26089
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 10:07 am


Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 50385
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 10:09 am

First thing first, will there be an MA support?
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/21/2021 Live Update

Postby Al_Dente » Fri May 21, 2021 10:24 am

Existing-home sales waned in April, marking three straight months of declines, according to the National Association of Realtors
User avatar
Al_Dente
 
Posts: 26089
Joined: Thu Jul 21, 2011 2:29 pm

Re: 05/21/2021 Live Update

Postby Cobra » Fri May 21, 2021 10:28 am

Testing EMA20 and day low, might be a rebound here first then we'll see.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
 
Posts: 50385
Joined: Sat Feb 12, 2011 10:29 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 10:38 am

Bullish F-Flag, if failed to hold the bottom wedge we are heading to the lower range.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 10:39 am

SPX, this lower range or lower today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Re: 05/21/2021 Live Update

Postby BullBear52x » Fri May 21, 2021 12:17 pm

Looking good for bears, 5min. MA support next, after that it will be 4093ish, we may get it today.
Attachments
1.PNG
My comments are for entertainment/educational purpose only. NOT a trade advice.
User avatar
BullBear52x
 
Posts: 25487
Joined: Tue Feb 22, 2011 3:47 pm

Next

Return to Traders Lounge

Who is online

Users browsing this forum: Google [Bot] and 6 guests