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11/19/2021 Live Update

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Cobra
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11/19/2021 Live Update

Post by Cobra »

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Will you laugh at me if I say this pullback may have legs? I think the last 3 bars were consolidation so continue down is more likely.

Gap down within the yesterday's range so likely it's just a range day.
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BullBear52x
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Re: 11/19/2021 Live Update

Post by BullBear52x »

Up/Down days inside the consolidation range. normal, no? just don't over trade and positioned.
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Cobra
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Re: 11/19/2021 Live Update

Post by Cobra »


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Mr. BachNut
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Re: 11/19/2021 Live Update

Post by Mr. BachNut »

This chart (for the bears) may be back in play.
There is a small negative RSI divergence on the weekly SPX.
A good push by the bulls can cure it, but if it holds, one can dream about a test of the two year moving average.

The chart is also notable because price has pierced above the rising tops line.
As this is a log scale chart, that means the rate at which the SPX is been appreciating from the 2009 low is accelerating. :shock:
Parabolic is the word. All hail the Federal Reserve I guess...

I remain long an SPX runner.
I am now short the R2K with one profit unit scaled out overnight.
SPX Weekly RSI.jpg
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Mr. BachNut
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Re: 11/19/2021 Live Update

Post by Mr. BachNut »

Whoops. Can't speak english this morning...

"is appreciating"
Mr. BachNut wrote: is been appreciating
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Cobra
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Re: 11/19/2021 Live Update

Post by Cobra »

Testing the day high, could be the range high.
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Cobra
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Re: 11/19/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 11/19/2021 Live Update

Post by Al_Dente »

BUNNY2.jpg
BUNNY2.jpg (17.93 KiB) Viewed 1842 times
Semiconductors and QQQ
1119semis.jpg
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: 11/19/2021 Live Update

Post by Cobra »

Maybe we had the range high, now seeking range low. The line below might not hold another test.
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Cobra
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Re: 11/19/2021 Live Update

Post by Cobra »

It's the bear's last chance to make a 2nd leg down here.
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BullBear52x
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Re: 11/19/2021 Live Update

Post by BullBear52x »

Back to no man's land another day. there is sign of 2x top were sold. get your popcorn and your favorite drinks for next week episode.
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Cobra
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Re: 11/19/2021 Live Update

Post by Cobra »


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Re: 11/19/2021 Live Update

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Re: 11/19/2021 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Monday looks like: https://stockcharts.com/public/1684859/ ... /533449377

Thank you guys, I'll see you in another thread soon.

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