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06/16/2021 Live Update

06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 8:45 am

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Maybe we have a price channel here?

Flat open so likely a boring range day until the roller coaster show at 2 pm.
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Re: 06/16/2021 Live Update

Postby JFR » Wed Jun 16, 2021 8:49 am

SPY 15. "All quiet ... "


2021-06-16_05-47-21.png
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Re: 06/16/2021 Live Update

Postby JFR » Wed Jun 16, 2021 9:16 am

ES daily. The bulls are not giving up. But the market has been stuck in neutral, essentially, for two months. The bears are getting their shots in too. If not for the bears taking profits and short selling, I expect the market would be on a slow grind up.


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Re: 06/16/2021 Live Update

Postby JFR » Wed Jun 16, 2021 9:49 am

Some of the Dow are off to a good start.


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Re: 06/16/2021 Live Update

Postby JFR » Wed Jun 16, 2021 9:52 am

DIA and IWM down. QQQ up. SPY down a bit and chopping.


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Re: 06/16/2021 Live Update

Postby JFR » Wed Jun 16, 2021 9:56 am

Alternatives.

IAU and SPYV down. SPYG and TLT up. We're all over the map today.

Back later ...


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Re: 06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 9:59 am


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Re: 06/16/2021 Live Update

Postby Al_Dente » Wed Jun 16, 2021 10:19 am

Yesterday, SKEW hit an all-time-high (ATH)
It has never been more expensive to buy out-of-the-money (OTM) puts [per CBOE]

SKEW doesn’t give an exact signal. Examples of the last couple SKEW highs:
1) July/Aug/Sept 2018: the market waited until October to drop.
2) Dec 2019: the covid drop didn’t start until Feb 2020
Last edited by Al_Dente on Wed Jun 16, 2021 10:22 am, edited 1 time in total.
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Re: 06/16/2021 Live Update

Postby Al_Dente » Wed Jun 16, 2021 10:22 am

THE FOUR HORSEMEN update
Daily, 20ema, RSI-5
616horse.png.jpg
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Re: 06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 11:20 am

Maybe the range low before the roller coast show was in. If bulls are able to touch the blue line above then breakout would be more likely.
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Re: 06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 12:17 pm


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Re: 06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 12:18 pm

Maybe the pullback is targeting the yesterday's low.
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Postby MrMiyagi » Wed Jun 16, 2021 12:27 pm

So a drop into FOMC means a pop after?
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Re: 06/16/2021 Live Update

Postby BullBear52x » Wed Jun 16, 2021 12:28 pm

at least there is movement. it's still alive!!!
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Re: 06/16/2021 Live Update

Postby Al_Dente » Wed Jun 16, 2021 12:30 pm

HUMOR BREAK, true story:
Thousands call for Jeff Bezos to be denied re-entry to Earth after his upcoming space launch on July 20
10,000 folks have signed the petition so far
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Re: 06/16/2021 Live Update

Postby BullBear52x » Wed Jun 16, 2021 12:34 pm

Very clean TA so far, no surprise yet.
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Re: 06/16/2021 Live Update

Postby BullBear52x » Wed Jun 16, 2021 12:36 pm

Down side eyeing 4192ish.
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Re: 06/16/2021 Live Update

Postby Cobra » Wed Jun 16, 2021 12:58 pm

Consolidation here means breakdown is more likely so bulls need rebound as soon as possible.
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Re: 06/16/2021 Live Update

Postby BullBear52x » Wed Jun 16, 2021 1:12 pm

Why I think we will see lower price before higher price. sideways to down.
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Re: 06/16/2021 Live Update

Postby BullBear52x » Wed Jun 16, 2021 1:14 pm

AAPL and TSLA are the floaters for the index.
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