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11/22/2021 Live Update

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Cobra
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11/22/2021 Live Update

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Lower high or slightly higher high trend reversal is possible because bears tried several times already (red arrows), they just kept trying, seemed determined.

Gap up near the high of the Friday so could be a trend day either up or down.
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JFR
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Re: 11/22/2021 Live Update

Post by JFR »

SPY 15. Up over Friday's close. Pbars, like tracer bullets, pointing to the close.

2021-11-22_06-22-50.png
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JFR
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Re: 11/22/2021 Live Update

Post by JFR »

SPY 1 minute.

2021-11-22_06-31-47.png
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Re: 11/22/2021 Live Update

Post by JFR »

Alternatives. IAU down. SPYG and SPYV up a bit. TLT down. UUP up. Back and fill.

2021-11-22_06-41-55.png
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JFR
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Re: 11/22/2021 Live Update

Post by JFR »

AAPL doing well. BA not so much. Longs and shorts. As happens very often, about the time you spot the move, it is about over. Wait for a pause/pullback and resumption.

2021-11-22_06-45-45.png
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JFR
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Re: 11/22/2021 Live Update

Post by JFR »

Sectors. XLK. XLY.

2021-11-22_06-53-03.png
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Re: 11/22/2021 Live Update

Post by JFR »

Dow 30. The greens leading by a few lengths.

OK, I have my market context. Back later ...

2021-11-22_06-55-23.png
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Re: 11/22/2021 Live Update

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Re: 11/22/2021 Live Update

Post by Cobra »

Started like an uptrend day, bears be careful.
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Re: 11/22/2021 Live Update

Post by JFR »

One more chart. SFM. From one of my watch lists. Sprouts. Good value, and good for you. Later ...

2021-11-22_07-01-02.png
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Cobra
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Re: 11/22/2021 Live Update

Post by Cobra »

Consolidation, breakout is more likely. And once breakout, it confirms the uptrend day.
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Re: 11/22/2021 Live Update

Post by Cobra »

The pullback probably will be bought and the EMA20 now is a likely place, but the pullback also means it's just a range day, we may have the range high.
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Trades w 2 Cats
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Re: 11/22/2021 Live Update

Post by Trades w 2 Cats »

I am assuming the 4740 was a significant options strike. Can't find the options gamma chart from last week but it had several strong levels. Question in my mind is where does this leave us for the pull back before the Santa Rally. 4 D chess question, if the Santa Rally is a sure thing this year then why are we seeing article after article behind the zerohedge paywall saying Goldman is calling for straight up into year end. I ask because e all know that Goldman provides two different advice channels, one for retail and a separate feed for the better hedge fund customers.
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Re: 11/22/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (4000 Tick) 2021_11_22 (11_08_22 AM).png
Back to the VPOC's from end of the week. Not a surprise when you look at how weak that new high was.
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Re: 11/22/2021 Live Update

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Re: 11/22/2021 Live Update

Post by Cobra »

The rebound is weak, may resume down.
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Re: 11/22/2021 Live Update

Post by Cobra »

Possible higher low, now it's the bear's last chances to make another leg down (invalidate the higher low).
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Re: 11/22/2021 Live Update

Post by Cobra »

If bulls can touch the blue line above then breakout would be more likely.
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BullBear52x
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Re: 11/22/2021 Live Update

Post by BullBear52x »

The Up/Down day continue.
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Re: 11/22/2021 Live Update

Post by BullBear52x »

Tech Overshoot, that will some thing if it is, turn around Tuesday will be something to look out to.
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