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09/09/2021 Live Update

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Cobra
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09/09/2021 Live Update

Post by Cobra »

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I see 3 push down so some chances the low was in, usually there'll be a lower high or slightly lower low test as illustrated though.

Flat open so likely it's a range day.
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Re: 09/09/2021 Live Update

Post by Trades w 2 Cats »

Market moved back up to a safe level of 4520. Do we oscillate around here for an extended nothing or will something happen between now and quarterly options expiration?

It is clear that the Fed is saying what the bond market wants to hear but can they do it if Biden's super massive spending plans fail to pass? Bond market is already kinked around projected date for government shut down. Looks like a good time to lay low and let conditions clear up.
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Re: 09/09/2021 Live Update

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Re: 09/09/2021 Live Update

Post by Cobra »

Some chances of double top. Breakout to the new day high with good looking bull bar in the next, say 7, 8 bars then it's an uptrend day.
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Re: 09/09/2021 Live Update

Post by Trades w 2 Cats »

MES 09-21 (950 Tick) 2021_09_09 (9_37_47 AM).png
Had a hard time fitting the channel this morning. Now that I like it price is ignoring it. We know who is right, and it isn't me. :lol: :lol:
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Re: 09/09/2021 Live Update

Post by Cobra »

The pullback probably will be bought.
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Al_Dente
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Re: 09/09/2021 Live Update

Post by Al_Dente »

Unconfirmed INVERSE H&S testing the neckline (cyan)
5m
99int.png.jpg
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Re: 09/09/2021 Live Update

Post by Trades w 2 Cats »

Nice write up on Gamma unclench at zero hedge thus morning. Bottom line this will be a major options expiration so expect stuff to happen. Piggybacked on top of Fed meeting and Speaker Pelosi negotiating a mine field.
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Re: 09/09/2021 Live Update

Post by Cobra »

Should be a rebound here first which likely would be sold.
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Al_Dente
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Re: 09/09/2021 Live Update

Post by Al_Dente »

Leon Cooperman, a "fully invested bear" 
says on CNBC:
"There's no stabilizing forces in the market right now. When the market goes down [“when it's least expected”], it'll move so fast your head will spin. It's all algorithms."

[Cooperman is a 78-year old American billionaire hedge fund manager. He is the chairman and CEO of Omega Advisors, a New York-based investment advisory firm managing over $3.3 billion in assets under management, the majority consisting of his personal wealth.]

zh opines that because Cooperman only handles his own personal wealth, he doesn’t have to cater to anyone, thus shoots from the hip
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Al_Dente
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Re: 09/09/2021 Live Update

Post by Al_Dente »

Seen outside a pub in London
(Any American who ventures in is routinely called “Karen”)
98 adult.png.jpg
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Re: 09/09/2021 Live Update

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Re: 09/09/2021 Live Update

Post by Cobra »

Probably it's a measured move down but I don't believe the 100% target, somewhere in between.
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Re: 09/09/2021 Live Update

Post by Cobra »

Pennant, bias is a little bit down.
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JFR
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Re: 09/09/2021 Live Update

Post by JFR »

Index ETFs.

2021-09-09_10-19-17.png
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JFR
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Re: 09/09/2021 Live Update

Post by JFR »

Alternatives. All over the map.

2021-09-09_10-22-19.png
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Re: 09/09/2021 Live Update

Post by JFR »

Dow 30. More red than green.

2021-09-09_10-24-33.png
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Al_Dente
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Re: 09/09/2021 Live Update

Post by Al_Dente »

KEY SECTORS
I have to use RCD equal-weighted discretionary because XLY is still overweight AMZN, TSLA and HD
But stockcharts doesn’t keep RCD (pink) updated to the minute
30m
99key.png.jpg
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JFR
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Re: 09/09/2021 Live Update

Post by JFR »

Dow 30. Heading south.

2021-09-09_10-31-22.png
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Al_Dente
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Re: 09/09/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:Unconfirmed INVERSE H&S testing the neckline (cyan)
5m
Ok cancel the inverse H&S
It's now a potential double bottom …
5m
99 doub bot 5m.png.jpg
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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