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12/01/2021 Live Update

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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

Good volume, over million contracts traded on /ES already. yesterday total volume was over 2mil. this is good day trading volume with high $VIX, day trade paradise.
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Cobra
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Re: 12/01/2021 Live Update

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Cobra
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Re: 12/01/2021 Live Update

Post by Cobra »

The pullback is too sharp for an uptrend day, not a good sign, although at the current stage I still expect the pullback to be bought.
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

Agreed with Cobra, Last buy, since I am selling I want to see this buy failed and a good bye kiss play out.
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JFR
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Re: 12/01/2021 Live Update

Post by JFR »

ES five minutes. Weather report. "We have some chop out there." Tightening up into a wedge. So far.

Not trading today. Just an observer. Back at it tomorrow. You guys be safe, he says to the gunslingers. Ha ha.

2021-12-01_09-30-30.png
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

/ES, so far we have negative price action. a trade below 4620 will put short term back to negative and selling to continue, unless we maintain price above yesterday's high at the closed. for now as a seller I will be cautious until a trade below 4620, and as of this writing the intraday buy dip hasn't fail just yet. Blah Blah Blah :ugeek: :geek: :ugeek:
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Al_Dente
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Re: 12/01/2021 Live Update

Post by Al_Dente »

Yesterday Cathie Woods bought an additional 1 million shares of TWTR
[CNBC]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

Well, next step for bears is trade under 38.2% to really flex the muscle. :twisted:
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

Looks like 4600 is a magic round number /ES. bottom might be in today, one more sell to find out but I am sitting out for now. Come2papa before it's over for me today, one more sell.
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Cobra
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Re: 12/01/2021 Live Update

Post by Cobra »

The rebound probably will be sold.
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

now I am looking at overnight low as a target, a whooping 20 handles :twisted: :twisted: :twisted:
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DellGriffith
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Re: 12/01/2021 Live Update

Post by DellGriffith »

Covid news is overwhelming technical chart patterns. CNN announces first Omicron case detected in CA. market immediately drops hard. Just imagine the first omicron DEATH reported.

https://www.cnn.com/2021/12/01/health/u ... index.html

First confirmed US case of Omicron coronavirus variant detected in California
By Jacqueline Howard and Kaitlan Collins, CNN
Updated 1:45 PM ET, Wed December 1, 2021

(CNN)The United States' first confirmed case of the Omicron coronavirus variant has been identified in California, according to a source familiar.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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Cobra
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Re: 12/01/2021 Live Update

Post by Cobra »

The rebound probably will be sold again.
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Mr. BachNut
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Re: 12/01/2021 Live Update

Post by Mr. BachNut »

NYMO cycle is down and has been for a while.
It is currently in the lower turn zone and lingering.
This morning I thought we were on our way for a bullish corrective move to the zero line, but that has been kaboshed since the European close.
Seeing the BTFD gang get smacked today may indicate a change in character for Mr. Market.

Price is in a gap sandwich. Yesterday's low reversed just shy of a down gap. Today's high reversed just shy of an up gap.
I am sure those reversals caught a few offsides, but it is fair to anticipate these gaps closing in due course.
We tagged the middle keltner yesterday. To wobble a bit around here before a move to one of the outer keltners would be normal.

I am short SPX and R2K.
SPX is an initial position with room to add more. I was intending to sell an up gap close but got left at the alter. :oops:
R2K is a runner with a BE stop.
NYMO 120121.jpg
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

greed kills, I got my overnight low target. tomorrow is another day, back to bearish in all counts.Peace!
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Cobra
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Re: 12/01/2021 Live Update

Post by Cobra »

3 push down (green arrows) so there're chances the coming pullback will only make a higher low.
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Al_Dente
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Re: 12/01/2021 Live Update

Post by Al_Dente »

"Corporate Profits at Highest Since 1950s in spite of inflation"
[CBOE, 30 minutes ago]
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Cobra
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Re: 12/01/2021 Live Update

Post by Cobra »

Too bad, forget about 3 push down, this bear still have legs.
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

I am thinking the volume will be higher than yesterday, so, bulls capitulated is coming close. tomorrow if the buy at 50MA support holds we could see a day or two bottom. for now rips will be sold.
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BullBear52x
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Re: 12/01/2021 Live Update

Post by BullBear52x »

Historical support level + 50DMA support + capitulation volume. I will find excuse to buy this Honey hole special tomorrow. just a head up, and I am not a permabear like most of us here. Hahaha. see you tomorrow with my bull hat on. Peace!
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Last edited by BullBear52x on Wed Dec 01, 2021 4:37 pm, edited 1 time in total.
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