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06/22/2021 Live Update

06/22/2021 Live Update

Postby Cobra » Tue Jun 22, 2021 8:40 am

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Some resistances here, but I think bias is up.

Flat open, so likely just a range day.
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Re: 06/22/2021 Live Update

Postby Al_Dente » Tue Jun 22, 2021 9:05 am

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Re: 06/22/2021 Live Update

Postby Cobra » Tue Jun 22, 2021 10:02 am


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Re: 06/22/2021 Live Update

Postby Cobra » Tue Jun 22, 2021 10:04 am

Al_Dente wrote:Powell prepared testimony:
https://www.cnbc.com/2021/06/21/powell- ... ningsquawk


I know he'd say: Inflation is temporary, nothing to worry. If you cannot afford a bread, you can always buy lamb!

I heard a funny saying: They're waiting after all the price up 25%, then the next year, compare to the 25% rise year, only rise 2%,then they'd say, told you the inflation is temporary.

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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 10:18 am

ES, 5 DMA is pivot to pay attention to today. should be easy play for intraday.
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 10:19 am

SPY 15. "All quiet ... "


2021-06-22_07-17-34.png
Last edited by JFR on Tue Jun 22, 2021 10:21 am, edited 1 time in total.
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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 10:19 am

internals,bearish start this morning.
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 10:23 am

Dow 30. HD leading. BA trailing. Very little movement.


2021-06-22_07-22-25.png
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Re: 06/22/2021 Live Update

Postby Al_Dente » Tue Jun 22, 2021 10:26 am

Dow Theory sell signal
Plus the rules for Dow Theory
https://www.sentimentrader.com/blog/the ... 1366687428
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 10:26 am

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


2021-06-22_07-25-25.png
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 10:32 am

Alternatives. What goes up must come down. And vice versa. The more hands you play, the more the pros are gonna getcha.


2021-06-22_07-28-48.png
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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 10:43 am

Buy the dip, there will be a pull back even if this buy dip on a daily were to be success, a bearish reversal today will be worrisome to the bull camp. Up and Up.........only.
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 10:52 am

ES daily. Very strong bull bar yesterday. A doji today. Going back to the top? Another dip first? Call? Raise? Fold?

The EMA 20 is flatlining.


2021-06-22_07-47-49.png
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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 10:57 am

ES, Overnight high is another key resistance, a breakout I will eye 4235ish.
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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 11:08 am

same playbook, half out or wait for new buy setup. :mrgreen:
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Re: 06/22/2021 Live Update

Postby JFR » Tue Jun 22, 2021 11:08 am

ES five minutes. Moving up to resistance.

Taking a break ...


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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 11:11 am

Sellers will step in, but not my sell day today. good counter trend sell setup will see what's the outcomes. dips will be bought. two buy coupons left for intraday.
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Re: 06/22/2021 Live Update

Postby Cobra » Tue Jun 22, 2021 11:11 am

So it's an uptrend day again.
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Re: 06/22/2021 Live Update

Postby Cobra » Tue Jun 22, 2021 11:16 am

Maybe a pullback here first which likely would be bought.
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Re: 06/22/2021 Live Update

Postby BullBear52x » Tue Jun 22, 2021 11:20 am

If we get to 4235ish before a pulse, I will have to change side, the day still young. unless there is a pulse to buy so that the market can hold up sideways to the rest of a day.
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