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06/07/2021 Live Update

06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 8:34 am

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The 3rd try on the line so breakout should be more likely than the previous try.

Gap up but within the previous trading day's range so probably just a range day.

ES60min.png

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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 8:51 am

SPY 15. Just above where it finished off Friday.


Screenshot_20210607_055947.jpg
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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 9:29 am

ES daily. Still in that extended base. At the upper side of it. Who will blink, the bulls or the bears?


2021-06-07_06-27-58.png
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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 9:33 am

Dow 30. Quiet opening. Even on the greens and the reds.


2021-06-07_06-32-06.png
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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 9:41 am

Nasdaq, NQ 1 minute, is very volatile, schizo.


2021-06-07_06-40-19.png
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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 9:54 am

ES 5. Dive. Dive. The bears are on the attack.


2021-06-07_06-53-49.png
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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 10:00 am


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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 10:45 am

Small descending triangle so breakdown is more likely and if it's a good looking bear bar then it'd be a downtrend day usually with a later day rebound though.
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Re: 06/07/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 07, 2021 10:57 am

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_06_07 (9_54_37 AM).png


I added bar by bar bid ask overlaid with Joe Granville's on balance volume. Looks like a possible swing low.
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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 11:52 am

Breakdown is more likely.
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Re: 06/07/2021 Live Update

Postby JFR » Mon Jun 07, 2021 12:06 pm

SPY 5. Up to the EMA 20.


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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 12:27 pm


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Re: 06/07/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 07, 2021 12:32 pm

Apple Developers Conference keynote at 10 Pacific should include new processor, some saying a market moving event,
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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 12:37 pm

Keep going down touching the blue line then breakdown would be likely. But before that, anytime a strong bull bar then the low of the day probably was in. Key time. My guess is the low was in.
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Re: 06/07/2021 Live Update

Postby Al_Dente » Mon Jun 07, 2021 1:17 pm

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Re: 06/07/2021 Live Update

Postby Al_Dente » Mon Jun 07, 2021 1:51 pm

Note BIIB
new alzheimers drug approved this morning
That’s why LABU is up
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Re: 06/07/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 07, 2021 2:08 pm

Alzheimer's drug is super controversial. It does almost nothing for the patient. Two prior trials of this drug were halted because of lack of effect. Third trial showed a very small reduction in the rate of loss of function. It was approved based on an unproven theory that has been predominant theory in that area for over 30 years. It slows the build up of the amalid (sp) proteins on neurons in the brain. Controversy is they don't know if those proteins are a symptom or a cause.
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Re: 06/07/2021 Live Update

Postby Trades w 2 Cats » Mon Jun 07, 2021 2:10 pm

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_06_07 (1_09_21 PM).png


No controversy about the support at 4215,
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Re: 06/07/2021 Live Update

Postby BullBear52x » Mon Jun 07, 2021 3:00 pm

Need to closed below 61.8% to have a daily bearish Harami.
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Re: 06/07/2021 Live Update

Postby Cobra » Mon Jun 07, 2021 3:03 pm

Maybe a pullback here first then we'll see.
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