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02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:20 am
by Cobra
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Consolidation for 2 days, bias still is up. Possible range day.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:31 am
by JFR
ES daily. Between the EMA 20 and the previous high. Forming a base.

2021-02-04_06-28-44.png

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:33 am
by BullBear52x
Can't fight them, Join them. :lol: This market is stuck in a forward gear.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:33 am
by JFR
Dow 30. More green than red. AAPL at the top. UNH at the bottom.

2021-02-04_06-32-18.png

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:35 am
by Cobra
$GLD, did I mention the common pattern for a bottom therefore looked missing another test of the low? Here's the test. Time to watch. Printing money will be the new normal among center banks, I believe $gold will be shining in the long run.
viewtopic.php?f=2&t=4399&p=291437#p291437

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:36 am
by JFR
Gap up on ES, NQ and YM

2021-02-04_06-35-45.png

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:37 am
by BullBear52x
Find excuse to do the same for me, that is selling now.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:45 am
by BullBear52x
stockcharts.com is acting up intermittent on and off.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:49 am
by BullBear52x
dollar is up and market is up. someone is lying.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:50 am
by Trades w 2 Cats
Consensus (always a dangerous word for traders) is that bulls need to move through 3840 with big volume. Failure to do so adds to the odds of testing 3780 3760 by end of the week.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:51 am
by BullBear52x
The game is on.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:52 am
by JFR
SPY 5. Lively market.

2021-02-04_06-51-20.png

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 10:53 am
by QED
Cobra wrote:$GLD, did I mention the common pattern for a bottom therefore looked missing another test of the low? Here's the test. Time to watch. Printing money will be the new normal among center banks, I believe $gold will be shining in the long run.
viewtopic.php?f=2&t=4399&p=291437#p291437
Cobra, I think you should also watch $SILVER as it will probably outperform $GOLD. :geek:

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:03 am
by Al_Dente
SentimenTrader, yesterday
"Pretty rare to see so few companies able to outperform an index itself."
https://twitter.com/sentimentrader/stat ... 27/photo/1

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:04 am
by BullBear52x
Play hard to get, a new HH will stop me out.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:10 am
by JFR
QQQ (and NQ) is all over the place.

2021-02-04_07-09-10.png

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:11 am
by Al_Dente
SLV confirmed bearish island reversal
sometimes the island works, sometimes not
but it is always an excellent drop-dead-stop level
60m
24slv.png.jpg
24slv.png.jpg (39.23 KiB) Viewed 2809 times

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:15 am
by Trades w 2 Cats
Ding ding ding, 3845 was estimated high for today. Will see how good the crystal ball was working. Should drop back to opening print, then roll over and flat line into the close.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:19 am
by BullBear52x
Second sell today. 0-1 so far.

Re: 02/04/2021 Live Update

Posted: Thu Feb 04, 2021 11:19 am
by Al_Dente
After a disappointing fail, GDX now has an opportunity to double bottom
four hour chart
21gdx.png.jpg