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07/22/2021 Market Recap

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Cobra
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07/22/2021 Market Recap

Post by Cobra »

The 3rd time is different as today was up unlike the previous 2 days that were down. Now unfortunately I have nothing to reference so that I can know the direction earlier. Technically, until a decisive new all time high bears always have some chances to make a double top or lower high or slightly higher trend reversal so cannot confirm bears are over until very late. That said FOMC will be on the next Wednesday so before which bears probably would not dare to move much, therefore the best bears can hope might be boring from now on until the next Wednesday.
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Cobra
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Re: 07/22/2021 Market Recap

Post by Cobra »

4.png
Range day, guessed range low and high kind of right.
viewtopic.php?f=2&t=4703&p=296270#p296270
viewtopic.php?f=2&t=4703&p=296272#p296272

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The trading log above is meant for myself only which main purpose is to help improving my market sense.
  • My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.
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JFR
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Joined: Sun Dec 02, 2012 7:24 pm

Re: 07/22/2021 Market Recap

Post by JFR »

SPY daily, PnF. Trend up. Pullback.

Screenshot_20210722_170042.jpg
SPY daily. Candlesticks. After the pullback, the move up towards the top has resumed.

Screenshot_20210722_170350.jpg
Charts posted are not recommendations. They are just a sharing of information.
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