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12/02/2021 Live Update

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BullBear52x
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Re: 12/02/2021 Live Update

Post by BullBear52x »

This is the chart going into tomorrow. now that we are entering sell the rip zone on swing sell setup.
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Al_Dente
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Re: 12/02/2021 Live Update

Post by Al_Dente »

It's been a long time since we've seen so many new 52-week lows on the nasdaq AND ON THE NDX
WEEKLY
Screenshot 2021-12-02 125800.jpg
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: 12/02/2021 Live Update

Post by BullBear52x »

You ever bother to ask yourself, is it worth it to waste 4 hours going sideways watching the paint dry? I am done. out da here. Peace!
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BullBear52x
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Re: 12/02/2021 Live Update

Post by BullBear52x »

The weakest link, all of them. LOL. Peace!
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Cobra
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Re: 12/02/2021 Live Update

Post by Cobra »


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Cobra
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Re: 12/02/2021 Live Update

Post by Cobra »

Still is breakout more likely (the previous breakout was a head fake which is common).
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DellGriffith
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Re: 12/02/2021 Live Update

Post by DellGriffith »

Al_Dente wrote:It's been a long time since we've seen so many new 52-week lows on the nasdaq AND ON THE NDX
WEEKLY
Screenshot 2021-12-02 125800.jpg
the bull case in that NALOW chart is that the price of QQQ has yet to confirm the NALOW breakout. The last time NALOW broke out in spring 2020, QQQ clearly broke down to multibar lows. This time, QQQ is down but not by very many bars.
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: 12/02/2021 Live Update

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Cobra
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Re: 12/02/2021 Live Update

Post by Cobra »

Well, guess that's it for today. Here's what Friday tomorrow looks like: https://stockcharts.com/public/1684859/ ... /533449397

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

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Trades w 2 Cats
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Re: 12/02/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (15000 Tick) 2021_12_02 (2_52_31 PM).png
The "slow" chart looking like the hand off ( to Euro zone traders) could be fumbled. Williams is overbought, retracement stalled at 50%, closing below a magic 00 level and we never got outside of the first volatility band. Market has to prove tomorrow that this is behind us and seasonal pattern is resuming.
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