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08/05/2021 Live Update

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Cobra
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08/05/2021 Live Update

Post by Cobra »

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In range, no clear direction.

Gap up, within the yesterday's range so likely it's just a range day.
ES60min.png

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JFR
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Re: 08/05/2021 Live Update

Post by JFR »

SPY 15. Up about $1 over yesterday's close.

Screenshot_20210805_060056.jpg
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JFR
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Re: 08/05/2021 Live Update

Post by JFR »

SPY 5. Good start for the bulls.

Screenshot_20210805_063954.jpg
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

We were on a ZWEIG BREADTH THRUST 10-day count
UPDATE: VOID THAT, NOPE, DIDN’T HAPPEN, NOT ENOUGH BREADTH, NO THRUST
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Cobra
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Re: 08/05/2021 Live Update

Post by Cobra »


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JFR
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Re: 08/05/2021 Live Update

Post by JFR »

Alternatives.

2021-08-05_07-28-53.png
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

AMZN is still below 20ma with a large gap to fill
flag
daily
85qqq.png.jpg
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

QQQ and SMH
ATH
pls double check
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JFR
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Re: 08/05/2021 Live Update

Post by JFR »

SPY 5. A reprieve for a late entry. Wait for the pullback, dammit. Ha ha.

2021-08-05_07-53-39.png
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Cobra
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Re: 08/05/2021 Live Update

Post by Cobra »

No meaningful pullback here then it's an uptrend day, so key time.
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Re: 08/05/2021 Live Update

Post by Trades w 2 Cats »

MES 09-21 (950 Tick) _ ES 09-21 (2000 Tick) 2021_08_05 (9_59_36 AM).png
Two matching impulsive waves up got us to the obvious decision point. Now we will see if there is any juice left in the tank.
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Re: 08/05/2021 Live Update

Post by Trades w 2 Cats »

ES 09-21 (2000 Tick Volumetric) 2021_08_05 (10_07_31 AM).png
The fight for 4415 volumetric view
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Re: 08/05/2021 Live Update

Post by Trades w 2 Cats »

Bouncing on prior support ready for a second try at 4415. Not ready for a short position but not feeling the love for a long.
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Re: 08/05/2021 Live Update

Post by Cobra »


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Re: 08/05/2021 Live Update

Post by Cobra »

The pullback probably will be bought so far what kind of day still hasn't decided yet, strong up there then it's an uptrend day.
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Re: 08/05/2021 Live Update

Post by Trades w 2 Cats »

MES 09-21 (950 Tick) _ ES 09-21 (2000 Tick) 2021_08_05 (11_30_41 AM).png
I am reading a double top with a lower high. euro zone has gone home. History says it is time for the North American sell off. But no strong action.
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

When someone posts that the VIX is broken it’s usually a rookie, NOT Charlie McElligott 
Odd indeed
‘"vol supply/demand dynamics are completely out of wack”
He is getting more and more pedantic by the day:  … “daisy-chain” of crash demand … drives the outrageous skew and put skew extremes … to even more extreme levels (and at risk of “self fulfilling”), all of which creates a vortex of “short gamma” accelerant flow potential lower, on whatever macro shock catalyst which will next drive spot down—and with all sorts of downside catalysts on the “wall of worry” out there in coming months between Delta Variant closure potentials, Fed “Tapering,” “inflation overshoot vs slowing growth” etc which then drives client downside demand...”
[Pasta here: I don’t see SKEW more extreme than, say, late June. The 4,400 strike has been his “anchor” strike for a while (actually 4370 on stockcharts is my hard stop, but any trader can see that). I think McElligott is secretly bullish -which is what the Volatility charts say - but hedging for a possible NFP “catalyst” tomorrow.
https://www.zerohedge.com/markets/volat ... to+zero%29
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

meanwhile
Goldman Hikes S&P Price Target To 4,700 [YEAR END] Due To Lower Rates, Says S&P Could Hit 5,000 :shock: If Yield Slide Further
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

bonds, daily
(hard to see that Junk - HYG - is not confirming the recent equity highs)
85bonds.png.jpg
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Al_Dente
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Re: 08/05/2021 Live Update

Post by Al_Dente »

SPY is getting the “zoomies” up here
She stopped cold at the “right shoulder”
but like all good athletes, she will try again
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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