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05/25/2021 Live Update

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Cobra
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05/25/2021 Live Update

Post by Cobra »

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No idea up or down from here, probably the pullback would be bought anyway.

Gap up above the yesterday's high so it could be a trend day either up or down.
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JFR
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Re: 05/25/2021 Live Update

Post by JFR »

SPY 15. Quiet overnight. Riding the EMA 20.

2021-05-25_06-01-48.png
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JFR
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Re: 05/25/2021 Live Update

Post by JFR »

ES daily. Back up almost to the top.

2021-05-25_06-07-27.png
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Re: 05/25/2021 Live Update

Post by JFR »

Dow 30. A little bit more green than red. AXP leading. AMGN trailing.

2021-05-25_06-31-40.png
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Re: 05/25/2021 Live Update

Post by JFR »

SPY 5. Nasty spike to start the day. Catch some early longs. Set up some shorts.

2021-05-25_06-41-21.png
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Re: 05/25/2021 Live Update

Post by JFR »

SPY 5. Caraaash.

Got some longs on a list; I was hoping they would set up. Faint hope now. Although the bulls could turn it around.

2021-05-25_06-51-53.png
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Re: 05/25/2021 Live Update

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Re: 05/25/2021 Live Update

Post by Cobra »

It's a morning hourly filled black bar.
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Al_Dente
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Re: 05/25/2021 Live Update

Post by Al_Dente »

Home prices were 13.2% higher in March, compared with March 2020, according to the S&P CoreLogic Case-Shiller National Home Price Index. That is up from the 12% annual gain in February, and it marks the 10th straight month of accelerating home prices. (CNBC)
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Cobra
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Re: 05/25/2021 Live Update

Post by Cobra »

For now, for now, it's a descending triangle, bias is a little bit down, the line below might not hold another test.
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Re: 05/25/2021 Live Update

Post by Cobra »

A little support here.
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Re: 05/25/2021 Live Update

Post by Cobra »

If today is the down in the morning then up and up till the close day (slow bull day) then the low should be in by now. My guess is the low was in.
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Re: 05/25/2021 Live Update

Post by Cobra »

The clear breakdown actually confirmed a downtrend day today. I never simply sell and hold because most downtrend day would have a sharp rebound before the close so to recognize a downtrend is not as important as to recognize an uptrend day.
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Re: 05/25/2021 Live Update

Post by Cobra »

Maybe a rebound here first then we'll see, probably the rebound would be sold.
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Re: 05/25/2021 Live Update

Post by Cobra »

Testing EMA20l, key time as it's the bear's last standing here, decisive breakout then the low probably was in.
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Re: 05/25/2021 Live Update

Post by Cobra »


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JFR
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Re: 05/25/2021 Live Update

Post by JFR »

SPY 5. Bulls trying to climb back into the fight. There is that tendency for them to overwhelm the bears. The bears made a very strong push down.

Screenshot_20210525_094111.jpg
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Cobra
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Re: 05/25/2021 Live Update

Post by Cobra »

Possible higher low, the low might be in for today.
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Re: 05/25/2021 Live Update

Post by Cobra »

very strong rebound so we might have a double bottom here.
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Al_Dente
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Re: 05/25/2021 Live Update

Post by Al_Dente »

SHORT INTEREST RECORD LOW 525.png.jpg
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