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05/25/2021 Live Update

05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 8:46 am

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No idea up or down from here, probably the pullback would be bought anyway.

Gap up above the yesterday's high so it could be a trend day either up or down.
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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 9:03 am

SPY 15. Quiet overnight. Riding the EMA 20.


2021-05-25_06-01-48.png
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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 9:08 am

ES daily. Back up almost to the top.


2021-05-25_06-07-27.png
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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 9:32 am

Dow 30. A little bit more green than red. AXP leading. AMGN trailing.


2021-05-25_06-31-40.png
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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 9:42 am

SPY 5. Nasty spike to start the day. Catch some early longs. Set up some shorts.


2021-05-25_06-41-21.png
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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 9:52 am

SPY 5. Caraaash.

Got some longs on a list; I was hoping they would set up. Faint hope now. Although the bulls could turn it around.


2021-05-25_06-51-53.png
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 10:05 am


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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 10:06 am

It's a morning hourly filled black bar.
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Re: 05/25/2021 Live Update

Postby Al_Dente » Tue May 25, 2021 10:27 am

Home prices were 13.2% higher in March, compared with March 2020, according to the S&P CoreLogic Case-Shiller National Home Price Index. That is up from the 12% annual gain in February, and it marks the 10th straight month of accelerating home prices. (CNBC)
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 10:30 am

For now, for now, it's a descending triangle, bias is a little bit down, the line below might not hold another test.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 10:36 am

A little support here.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 10:50 am

If today is the down in the morning then up and up till the close day (slow bull day) then the low should be in by now. My guess is the low was in.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 11:28 am

The clear breakdown actually confirmed a downtrend day today. I never simply sell and hold because most downtrend day would have a sharp rebound before the close so to recognize a downtrend is not as important as to recognize an uptrend day.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 11:36 am

Maybe a rebound here first then we'll see, probably the rebound would be sold.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 12:06 pm

Testing EMA20l, key time as it's the bear's last standing here, decisive breakout then the low probably was in.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 12:20 pm


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Re: 05/25/2021 Live Update

Postby JFR » Tue May 25, 2021 12:42 pm

SPY 5. Bulls trying to climb back into the fight. There is that tendency for them to overwhelm the bears. The bears made a very strong push down.


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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 1:19 pm

Possible higher low, the low might be in for today.
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Re: 05/25/2021 Live Update

Postby Cobra » Tue May 25, 2021 3:24 pm

very strong rebound so we might have a double bottom here.
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Re: 05/25/2021 Live Update

Postby Al_Dente » Tue May 25, 2021 3:32 pm

SHORT INTEREST RECORD LOW 525.png.jpg
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