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11/26/2021 Live Update

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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

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Trades w 2 Cats
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Re: 11/26/2021 Live Update

Post by Trades w 2 Cats »

A tool seller on twitter (HFC Alerts) saying the big boys who have been shorting for two weeks started covering this morning.

Tick Toc saying on his free reports that he expected the same thing to happen. He also said he expected recent weak longs to get out. His line in the sand for bulls is 4650
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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

I don't see covering yet .... maybe soon ...
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te_fern
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Re: 11/26/2021 Live Update

Post by te_fern »

Does the cash market close at 12 or 12:30?
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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

Al_Dente wrote:75% of the NYSE stocks are declining at the moment (was about 88% on the open)
UPDATE:
almost 90% are declining.... that's extreme...
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JFR
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Re: 11/26/2021 Live Update

Post by JFR »

SPY 5. Hanging around the bottom. Yet to make up its mind. Go deep? Starting to get squeezed by the EMA 20 and the support level.

Later ...

2021-11-26_09-00-56.png
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te_fern
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Re: 11/26/2021 Live Update

Post by te_fern »

te_fern wrote:Does the cash market close at 12 or 12:30?
Looks like 1:00 based on a quick search...
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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

te_fern wrote:Does the cash market close at 12 or 12:30?
Closes at 1:00 ET
According to Schwab there is an extended AFTER MARKET session from 1:05 to 5:00 ET
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Cobra
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Re: 11/26/2021 Live Update

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Cobra
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Re: 11/26/2021 Live Update

Post by Cobra »

The very first test of EMA20 in 2+ hours usually is a sell, watch for for EMA short setup. The only problem is the market closes at 1pm
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te_fern
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Re: 11/26/2021 Live Update

Post by te_fern »

Al_Dente wrote:
te_fern wrote:Does the cash market close at 12 or 12:30?
Closes at 1:00 ET
According to Schwab there is an extended AFTER MARKET session from 1:05 to 5:00 ET
Thanks Boss!
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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

options traders on the 60min
Screenshot 2021-11-26 102001.jpg
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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

If we close near here, it will be the first RED Elder Bar in almost two months
for SPX, QQQ, SMH ... we'll see...
Daily
Screenshot 2021-11-26 102808.jpg
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Cobra
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Re: 11/26/2021 Live Update

Post by Cobra »


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Al_Dente
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Re: 11/26/2021 Live Update

Post by Al_Dente »

okay the covering starts
can it continue?
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Cobra
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Re: 11/26/2021 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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flrtrader
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Re: 11/26/2021 Live Update

Post by flrtrader »

Cobra, It seems it is a 90% thing that a big red bar (Always) continues at least a few days. Is that the case?

Thx
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MrMiyagi
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Post by MrMiyagi »

NYMO down 29 points to -67.42, slightly off the day’s low.
NAMO down 18 points to -55.66, just below this week’s low.

Markets are closed now, the ‘official’ print should be out in the next couple of hours, but will be pretty close to this.
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Cobra
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Re: 11/26/2021 Live Update

Post by Cobra »

flrtrader wrote:Cobra, It seems it is a 90% thing that a big red bar (Always) continues at least a few days. Is that the case?

Thx
It's now a major distribution day yet (Need the final data after 6 pm though). Even it were, it only means lower low ahead, doesn't mean several more days of selling.

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