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06/08/2021 Live Update

06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 8:33 am

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A broadening top, Al Brooks seems to regard it as a top or bottom pattern but in reality trading it rarely works, more like a continuation pattern to me or at least a random pattern.

Small gap up so likely just a range day.
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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 8:49 am

SPY 15. Up from yesterday's close. Pbar at 800am. Some crazy action down/up just after 600am.


2021-06-08_05-49-12.png
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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 8:53 am

ES daily. Pretty much at the top. Well clear of the EMA 20. Is it going to get a breakout, or move back down? Not necessarily today.


2021-06-08_05-50-36.png
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Re: 06/08/2021 Live Update

Postby Trades w 2 Cats » Tue Jun 08, 2021 9:01 am

E3Tmg1wUUAEBrMh.jpg
from my twitter feed yesterday-
Master WU
@MasterPandaWu
155 TD Cycle: (1) Since late 2018, SPX has followed a 155 TD/228 CD cycle almost to the exact day. (2) it marked the exact low in mid-2019, Mar 23, & Oct. 30, 2020. (3) I thought it would be the bottom of W-1; it now seems it flips to a high--it happens to cycles all the time
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Re: 06/08/2021 Live Update

Postby Trades w 2 Cats » Tue Jun 08, 2021 9:05 am

E3TiduXUcAI6lae.jpg
2nd part of Master WU forecast

Tradable setting: (1) it would be more than fitting to have an ending diagonal to cap the 12-yr bull's run. (2) so far, narrow-range bound, without clear ST tradable settings. (3) cycle-wise, June 11-14 would be perfect for the final top, as it is also a major turning window.
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Re: 06/08/2021 Live Update

Postby Trades w 2 Cats » Tue Jun 08, 2021 9:08 am

Finally of course an update from Nomura's Charlie McElligott

https://www.zerohedge.com/markets/4-rea ... days-op-ex
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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 9:28 am

NYSE Tick readings this morning.


2021-06-08_06-27-25.png
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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 9:37 am

Dow 30. AAPL leading. WBA trailing.


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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 9:46 am

MSFT doing well.


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Re: 06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 10:03 am


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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 10:06 am

Alternatives.


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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 10:11 am

SPY 15. Took out the pbar.


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Re: 06/08/2021 Live Update

Postby Trades w 2 Cats » Tue Jun 08, 2021 11:47 am

Does 4225 have the power to stop the 4th attempt? Stay tuned for answers! :lol: :lol:
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Re: 06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 11:48 am

Very sharp rebound so the low might be in for today. Also it means it's just a range day.
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Re: 06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 12:05 pm


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Re: 06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 12:06 pm

The line won't hold bulls as it's been tested many times, who may take a breath here first though.
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Re: 06/08/2021 Live Update

Postby JFR » Tue Jun 08, 2021 12:09 pm

SPY 5. Nice run up. Back to the previous close. Taking a break. Back later ...


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Re: 06/08/2021 Live Update

Postby BullBear52x » Tue Jun 08, 2021 12:41 pm

we has to have 2x top, TRIN suggest someone out there is selling this market hard, but power that be got another game in mind? :?:
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Re: 06/08/2021 Live Update

Postby BullBear52x » Tue Jun 08, 2021 12:53 pm

ES, weekly HH is having a problem atm. price action is not looking good, but hey the buyers will buy Haha.
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Re: 06/08/2021 Live Update

Postby Cobra » Tue Jun 08, 2021 1:25 pm

The pullback should be bought and here at EMA 20 is the very first likely place.
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