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06/24/2020 Live Update

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JFR
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Re: 06/24/2020 Live Update

Post by JFR »

Dow % down leaders. Signs of bottoming. Or at least catching their breath.

2020-06-24_0901.png
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Cobra
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Re: 06/24/2020 Live Update

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Cobra
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Re: 06/24/2020 Live Update

Post by Cobra »

The rebound should be sold somewhere.
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JFR
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Re: 06/24/2020 Live Update

Post by JFR »

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Al_Dente
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Re: 06/24/2020 Live Update

Post by Al_Dente »

options traders
624vol.png.png
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: 06/24/2020 Live Update

Post by JFR »

https://www.marketwatch.com/story/gold- ... =home-page
The metal posted gains in each of the last three trading sessions, gaining momentum even as stocks have been buoyant in the past few weeks, partly because investors have been hedging their bets, fearful that the advance in equities from their coronavirus nadir isn’t sustainable.

“In fact, the rally prompted further investment demand for gold as an increasing number of traders are viewing the continued gains on stocks as fragile and unsustainable,” wrote Carlo Alberto De Casa, chief analyst at ActivTrades, in a research report.
2020-06-24_0923.png
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JFR
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Re: 06/24/2020 Live Update

Post by JFR »

ES 5. The plunging market has found strong support at pivot S2. For now.

2020-06-24_0926.png
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BullBear52x
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Re: 06/24/2020 Live Update

Post by BullBear52x »

Bulls need to trade above 43.5ish to have a chance of bottoming for the day.
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BullBear52x
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Re: 06/24/2020 Live Update

Post by BullBear52x »

Intraday sell the rip, last sell for the bears trend following. come2papa. if the next sell fails, bulls can have it.
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Cobra
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Re: 06/24/2020 Live Update

Post by Cobra »

The very first touch of EMA20 in 2+ hours, watch for ema short setup.
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MrMiyagi
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Post by MrMiyagi »

Cobra wrote:The very first touch of EMA20 in 2+ hours, watch for ema short setup.
Never ever going up again?
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BullBear52x
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Re: 06/24/2020 Live Update

Post by BullBear52x »

Cash SPX Fib, same playbook day in and day out. bears want control, stay down....or time to pack up and leave.
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jademann
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Re: 06/24/2020 Live Update

Post by jademann »

The VIX is not yet overbought, my short term target is ~ 42 - 44.
This bull is old, senile and beset by disease.
My comments were dictated to me by homie the clown
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BullBear52x
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Re: 06/24/2020 Live Update

Post by BullBear52x »

What MACD histogram tells me? the new Lower histogram bar points to further weakness to follow, Jun 15 low got higher chance to be tested. no holy grail but something to keep in the back of your tool box.
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Last edited by BullBear52x on Wed Jun 24, 2020 2:02 pm, edited 1 time in total.
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JFR
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Re: 06/24/2020 Live Update

Post by JFR »

ES 5. Pushing down beneath the EMA 20.

2020-06-24_1103.png
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MrMiyagi
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Post by MrMiyagi »

NYMO down to -62, did I mention that earlier? Too lazy to go back and check.

Last close at -60 zone was March 23rd's market bottom.
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JFR
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Re: 06/24/2020 Live Update

Post by JFR »

Taking a break. All day trading positions closed. Did well on DIS, NKE, SPYG short, SH (and scalps on ES), but had poor timing shorting BA and XOM.

NKE.png
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BullBear52x
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Re: 06/24/2020 Live Update

Post by BullBear52x »

Bear flag or Ascending triangle? 38.2% is key for intraday today if bulls really want it.
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Cobra
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Re: 06/24/2020 Live Update

Post by Cobra »

Need 100% mm up to take bulls seriously. My guess is a triangle is in the making here.
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Al_Dente
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Re: 06/24/2020 Live Update

Post by Al_Dente »

Lower lows everywhere, but not on QQQ
also not on XBI (not shown)
624quick.png.png
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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