DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 1 hour ago, DrStool said: My SPY 3 minute bars chart this morning. I think that this was the tell. Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 11, 2021 Report Share Posted May 11, 2021 NQ might get interesting to the upside if they can clear 13281 with some zest. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 Well, they took out the bottom of the range starting April 4, suggesting that this pattern is indeed a top. Hmmmmm... Link to comment Share on other sites More sharing options...
No Einstein Posted May 11, 2021 Report Share Posted May 11, 2021 15 minutes ago, DrStool said: Well, they took out the bottom of the range starting April 4, suggesting that this pattern is indeed a top. Hmmmmm... is April 4 a typo.. that is a Sunday Link to comment Share on other sites More sharing options...
MisFit Kid Posted May 11, 2021 Report Share Posted May 11, 2021 Buying the Dip is still Hip......... Buying the Drop to get the Pop..... Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 9 minutes ago, No Einstein said: is April 4 a typo.. that is a Sunday The market is closed on Sunday? 😄 It should read April 14, but there's a low on April 3 that they haven't broken yet. So maybe this is a fakeout. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 They've taken out every low in this pattern except that one. And that's an itty bitty early in the game. I'm sometimes a bit late at major turns. I doubt that's what this is, but we'll see. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 2 hour bar perspective. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 They took out a lot of stops. I think we go up for a few days again. Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 Will this be the rally that fools the majority? Link to comment Share on other sites More sharing options...
PullMyFinger Posted May 11, 2021 Report Share Posted May 11, 2021 NQ not that all far from going green, all things considered. Up above 13350-60, and we might see 13437 in fairly short order. Link to comment Share on other sites More sharing options...
Mkucstars Posted May 11, 2021 Report Share Posted May 11, 2021 It's rolling over now. You really don't think today will Finnish green, do you? Link to comment Share on other sites More sharing options...
DrStool Posted May 11, 2021 Author Report Share Posted May 11, 2021 That would be a tall order. Let's see first if they break the downtrend. Need to clear 4148 on the ES this hour. Less going fo wad. Link to comment Share on other sites More sharing options...
Jorma Posted May 11, 2021 Report Share Posted May 11, 2021 Simple forensics say the wildly overbought condition is cured at the perfect time of the month with max liquidity from the Feds MBS settlements starting and $55bn Bill paydowns this week. Link to comment Share on other sites More sharing options...
Jorma Posted May 11, 2021 Report Share Posted May 11, 2021 A funny one yesterday came over the wire as some Fedhead said residential RE inflation is of no concern because it isn't fueled by leverage. Oke dokee. Link to comment Share on other sites More sharing options...
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