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06/28/2021 Live Update

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Cobra
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06/28/2021 Live Update

Post by Cobra »

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Bull flag, bias is up.

Small gap up so likely it's just a range day.
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

Down trend day is possible, very likely today. :twisted:
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Cobra
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Re: 06/28/2021 Live Update

Post by Cobra »


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Cobra
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Re: 06/28/2021 Live Update

Post by Cobra »

It's morning hourly filled black bar
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Trades w 2 Cats
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Re: 06/28/2021 Live Update

Post by Trades w 2 Cats »

On days like this the automated stop loss moving to break even at 5 ticks is the only thing saving me from myself. Must be true summer trading as in a good time to take some time off. :lol: :lol:
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Al_Dente
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Re: 06/28/2021 Live Update

Post by Al_Dente »

PARTICIPATION WANES:
"Going back to the mid-1920's, there have only been a handful of dates with breaks like this. It happened in 1929, 1959, 1963, 1972, 1998, and 1999, and all of them ended up preceding losses in stocks.

Several more days (or weeks) with this kind of behavior should trigger all kinds of risk warnings

https://www.sentimentrader.com/blog/thi ... 1366687428
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Mr. BachNut
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Re: 06/28/2021 Live Update

Post by Mr. BachNut »

A couple of things:

Technically, NYMO confirmed an up cycle Friday with a 2nd close above the zero line, but boy, it was barely above zero.
If one considers some range error and the possible impact of the Russell rebalance on Friday, it is fair to consider the NYMO read as inconclusive.
We have firmly negative NYMO this morning to boot.
I have labeled the last down cycle as complete, but I am applying discretion over dogma to setups for a little while.

I have 11 open gaps below at the moment.

I am flat.
NYMO 062821.jpg
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Al_Dente
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Re: 06/28/2021 Live Update

Post by Al_Dente »

15min JUICE
QQQ runniing (bc semis)
Smalls got crushed
628acp.png.jpg
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Al_Dente
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Re: 06/28/2021 Live Update

Post by Al_Dente »

Internals
628int.png.jpg
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Cobra
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Re: 06/28/2021 Live Update

Post by Cobra »

The range low might be in, now seeking the range high.
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Cobra
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Re: 06/28/2021 Live Update

Post by Cobra »


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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

Took two big naps for this, lets go bears!
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

50ish down there somewhere.
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

here for more technical :lol:
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

Cash SPX Fib, new ATH, to have a lower trade, Friday's low need to retest, a penny lower will tell me LL ahead to be looking out for until then bulls will continue to be on a driving seat.
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

Last sell today, a fail here will not just fail, tomorrow will be a buy day also. so......do or die my bears.
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

An early stage of transitional from up to down trend short term, it's like fishing in the eddy or behind the sand bar. the current is a little rough. :lol:
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Cobra
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Re: 06/28/2021 Live Update

Post by Cobra »

Typical breakdown then sharp reversal up, now close to the previous range high, let's see any pullback. I think we'll have a new range high as the rebound has been strong.
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Al_Dente
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Re: 06/28/2021 Live Update

Post by Al_Dente »

IWM before rebalance
BEFORE REBALANCE IWM 624.PNG.jpg
IWM after rebalance
IWM AFTER REBAL 628.PNG.jpg
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BullBear52x
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Re: 06/28/2021 Live Update

Post by BullBear52x »

Well, find excuse to buy tomorrow, not today but tomorrow. Peace!
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