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03/31/2021 Live Update

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Cobra
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03/31/2021 Live Update

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Seems we have a price channel here, so the current move should be toward the channel upper boundary?

Gap up within the yesterday's range so likely it's just a range day.
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

ES daily. Forming a base. At the top.

2021-03-31_05-53-06.png
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

SPY 15, extended hours. Quiet overnight.

2021-03-31_06-28-51.png
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

SPY 1. Moving up out of the gate. Good scalping, but it won't continue.

2021-03-31_06-32-32.png
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BullBear52x
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Re: 03/31/2021 Live Update

Post by BullBear52x »

Buy day today, wait for dip entry. market open too strong.
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

SPY 1. Down she goes. It might be a lively day.

2021-03-31_06-34-30.png
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

SPY 1. The bulls are strong. News flash: "The rich have money. And the poor have RobinHood."

2021-03-31_06-36-47.png
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Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

MES 06-21 (950 Tick) _ ES 06-21 (2000 Tick) 2021_03_31 (8_45_29 AM).png
I am looking at a three up wave pattern. If I squint hard enough I can see a completed Elliot wave 5 wave move up, so we are "supposed" to have an ABC up here while the market thinks about it's next move.

That blue trend line is the bottom of a channel that formed yesterday on the afternoon advance. Turned into the top line during the night.
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

SPY 1. So WTF, bulls. What was the little run up about? Just having fun? I scalped once too often on the way up. Ya know, ya get excited. Gawd.

2021-03-31_07-00-31.png
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Re: 03/31/2021 Live Update

Post by Trades w 2 Cats »

Historical footnote. My personal sanity has been returned. The last couple of years I thought I was loosing it because my views of the market were not working. Now, we find out that it was just normal, a market Jesse Livermore would have understood. I am so relived to learn that the prime brokers were simply funding a delusional billionaire (SoftBank options manipulation) and , at least so far, two huge con man frauds (Greensill and Archegos Capital).

I shed no tears for Credit Susie and the rest of the group who they say have lost 10 billion by enabling a convicted swindler to manipulate markets while hiding from regulators. I would remind you of President Andrew Jacksons speech to congress when he dissolved the Second National Bank of the US.

An as usual thoughtful piece by Ben Hunt
https://www.epsilontheory.com/a-tiger-c ... 7U.twitter
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Cobra
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Re: 03/31/2021 Live Update

Post by Cobra »


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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

Dow down. Russell up then holding pattern. QQQ up. SPY up then holding.

2021-03-31_07-16-15.png
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ccash04
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Re: 03/31/2021 Live Update

Post by ccash04 »

Not sure I understand the rush to pile into Nasdaq names.. Overvalued is the new undervalued?!
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha

2021-03-31_07-23-49.png
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te_fern
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Re: 03/31/2021 Live Update

Post by te_fern »

JFR wrote:ES has settled into a tight, little range. Taking a break ... Might eat some chocolate. Ha ha

2021-03-31_07-23-49.png
Don't go crazy on us JFR!! LOL! :D
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Al_Dente
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Re: 03/31/2021 Live Update

Post by Al_Dente »

rare squeeze in TQQQ
5min
331squeeze q.png.jpg
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Cobra
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Re: 03/31/2021 Live Update

Post by Cobra »

The breakout could mean it's an uptrend day, bears beware.
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Al_Dente
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Re: 03/31/2021 Live Update

Post by Al_Dente »

331key.png.jpg
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Al_Dente
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Re: 03/31/2021 Live Update

Post by Al_Dente »

FWIW
All Tech sectors combined (Information tech, Communication Services, and maybe Consumer Discretionary as it’s tech heavy) add up to 49% of SPY
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JFR
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Re: 03/31/2021 Live Update

Post by JFR »

...
Last edited by JFR on Wed Apr 21, 2021 8:19 pm, edited 2 times in total.
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