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12/03/2021 Live Update

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Cobra
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12/03/2021 Live Update

Post by Cobra »

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Double top or not, wait and see, 40% chances I think.

Small gap up so likely it's just a range day.
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

gap up, NFP day, $CPC > 1 (Panic buying) = How can one be negative? from it is what it is, "trade what's in front of you"
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

Swing setup is still well under 5 DMA, I can not be overly bullish.
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

ES daily. Poking its nose above yesterday's high, which was an inside bar.

2021-12-03_06-06-03.png
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

Intraday, I am open to both buying and selling opportunity today, but rips will be sold. Gap up is good but if it fails it will fail in a grand style, NFP number is not good.
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

ES 60 minutes. Reaching up to 4600.

2021-12-03_06-11-27.png
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Re: 12/03/2021 Live Update

Post by JFR »

SPY 15. Weather report. Look out for snow.

2021-12-03_06-15-19.png
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.

2021-12-03_06-06-03.png
$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

ES five minutes. Pre-open action tops out at 4600. Thus far.

2021-12-03_06-18-24.png
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

BullBear52x wrote:
JFR wrote:ES daily. Poking its nose above yesterday's high, which was an inside bar.

2021-12-03_06-06-03.png
$SPX was LL, SPY was inside day. conflicting signal to me. so today I will trade it as random day, not an inside day from Wednesday. just my take, it's not right or wrong. I know inside day is critical in trend reversal setup. but today I will treat it just like normal LL on a daily bar view.
I hear you. I agree with "trade what's in front of you." Long or short.

Not much action with the stocks I like (from my lists). I will no doubt look for some scalps on ES, but call it an early day.
Last edited by JFR on Fri Dec 03, 2021 10:22 am, edited 1 time in total.
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

It's Friday, quick ins/Outs.
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Re: 12/03/2021 Live Update

Post by BullBear52x »

Need to see positive $BPSPX to bottom. not yet as of now.
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debaser
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Re: 12/03/2021 Live Update

Post by debaser »

TRIN above 2.0 here at the open, danger signal for bulls
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Re: 12/03/2021 Live Update

Post by BullBear52x »

As planed, watch for failed break out, auction house theory.
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Re: 12/03/2021 Live Update

Post by JFR »

Dow 30. More green than red. Frequent leader/laggard BA at the bottom today.

2021-12-03_06-38-18.png
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

ES five minutes. Sharp move down.

2021-12-03_06-44-10.png
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Trades w 2 Cats
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Re: 12/03/2021 Live Update

Post by Trades w 2 Cats »

_  _  _  2021_12_03 (8_50_00 AM).png
Internals say do not go long. TRIN is softening a little but still very elevated.
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Re: 12/03/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (1300 Tick) 2021_12_03 (8_52_08 AM).png
Very orderly market following volume profile zones.
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JFR
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Re: 12/03/2021 Live Update

Post by JFR »

ES five minutes. All the way down to the Pivot. I am out of here. Have a good weekend, Everyone.

Here is my stockmarket analogy. "Footwork. Timing. Hitting." Adapted from a movie a few decades ago.

Footwork is fundamental analysis.

Timing is technical analysis.

Hitting is trading.

2021-12-03_06-54-28.png
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BullBear52x
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Re: 12/03/2021 Live Update

Post by BullBear52x »

Take half off at 50%, now lets hope for 38.2 to fail support,
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