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12/06/2021 Live Update

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Cobra
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12/06/2021 Live Update

Post by Cobra »

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Higher low or not (therefore the low was in), wait and see.
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

ES daily. Inside bar, early in the day. Beneath the EMA 20. Four bars flat, forming a range.

2021-12-06_06-03-43.png
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

ES sixty minutes. Hovering around the EMA 20 and the pivot level. Heavy resistance above at 4600. Strong support below near 4500.

2021-12-06_06-07-37.png
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

SPY 15. Up from Friday, near the close. All is calm, so far.

2021-12-06_06-13-30.png
Last edited by JFR on Mon Dec 06, 2021 10:33 am, edited 1 time in total.
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

ES five minutes. Just before the open. Moving up a couple of levels.

2021-12-06_06-25-25.png
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

ES five minutes. Strong move down, penetrating the pivot, looking for some support.

2021-12-06_06-40-20.png
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

ES five minutes. Strong bounce back from the pivot. Bulls and bears having battle.

2021-12-06_06-48-49.png
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Al_Dente
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Re: 12/06/2021 Live Update

Post by Al_Dente »

Note TACO
Jack in the Box (JACK) is buying Del Taco (TACO)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Al_Dente
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Re: 12/06/2021 Live Update

Post by Al_Dente »

FactSet Research (FDS) will join the S&P 500 prior to the market opening on Dec. 20, along with Signature Bank (SBNY) and SolarEdge Technologies (SEDG). They'll replace Leggett & Platt (LEG), Hanesbrands (HBI), and Western Union (WU), which will all move to the S&P MidCap 400
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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JFR
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Re: 12/06/2021 Live Update

Post by JFR »

DHI. From a "value" list I keep. Blue skies above. Not a recommendation. Needs more investigation. Sharing with Cobra's Crew.

Back later.

2021-12-06_06-50-30.png
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Cobra
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Re: 12/06/2021 Live Update

Post by Cobra »


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Mr. BachNut
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Re: 12/06/2021 Live Update

Post by Mr. BachNut »

The NYMO cycle is DOWN.
However, we are making higher highs and lows coming out of deep in the Turn Zone.
So, we could be making a big corrective move toward the zero line or be in an up cycle that will confirm once NYMO gets above zero.

Price has opened up a fresh down gap this morning.
There remain a bunch of additional gaps below and two above.

Price is presently coiling around the middle keltner band.
This suggests consolidation (albeit volatile) for a while until Mr. Market decides to proceed to either the upper or lower keltner.
Time will tell what we get for Christmas and New Years...
Friday's low came with a positive NYMO divergence while being in the Turn Zone, which gives some odds for a bullish outcome.

We have a NYMO benchmark down at SPX 4438.26.
Personally, I would like to see that closed as part of this down cycle, but it could get turned into unfinished business to be dealt with later.

I am flat SPX. My short was breakeven stopped after two profit units scaled out.
There is a possibility of reloading short here, but a setup needs to manifest.
I remain short an R2K runner position with a breakeven stop.
NYMO 120621.jpg
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Cobra
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Re: 12/06/2021 Live Update

Post by Cobra »

Breakout to the new day high with good looking bull bar in the next, say 7 bars then it's an uptrend day. sharp pullback here then it's a range day.
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BullBear52x
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Re: 12/06/2021 Live Update

Post by BullBear52x »

Sell the rip, swing setup until it fails.
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BullBear52x
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Re: 12/06/2021 Live Update

Post by BullBear52x »

I am still seeing it as inside day, the range at which breakup failed and breakdown also failed. No man's land, bears need to see price under 61.8%.
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Cobra
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Re: 12/06/2021 Live Update

Post by Cobra »

Breakout is more likely if touches the blue line above again.
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Trades w 2 Cats
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Re: 12/06/2021 Live Update

Post by Trades w 2 Cats »

_  _  2021_12_06 (11_00_19 AM).png
Still working on my NY indicators chart. Turned TICK and TRIN into bands to make it easier to read the trend, I hope. Dropped the 5 minute overlay bars from the ES and changed to 1 minute bars to the full tape. Put On Balance Volume down there with the source. Still not sure what OBV (as a proxy for cumulative delta) is telling me as there isn't much variance.
Trades w 2 Cats
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Re: 12/06/2021 Live Update

Post by Trades w 2 Cats »

MES 12-21 (4000 Tick) 2021_12_06 (11_08_18 AM).png
B shaped profile so far today. Market is coloring inside the lines from Convergent Trading so to me that means nothing crazy going on.
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Cobra
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Re: 12/06/2021 Live Update

Post by Cobra »


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BullBear52x
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Re: 12/06/2021 Live Update

Post by BullBear52x »

Big picture, summation index suggests Santa will have to work overtime to have a good x-mas.
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