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Brewmaster
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AG
this made me laugh a bit, especially when you look at the reply...

$30,000 Millionaire
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AG
I'm hesitant to call it bullish engulfing when it is almost literally a carbon copy. One is red and one is green.

I noticed explosive moves off the 55. Maybe it will be different some time. Doesn't appear to be this time.
You don’t trade for money, you trade for freedom.
FTAG 2000
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AG
$30,000 Millionaire said:

I don't know what the candlestick pattern is called for this phenomenon where a bearish candle and the next days bullish candle are nearly identical, but I do know that the last several times it has happened, the market has soared upwards. Some of these are tweezer bottoms. 7 times in a row?






I believe that is the much heralded stonksonlygoup pattern.

FJ43
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ES

Another view of ES as 30k posted.

I think this is a classic RDR which is bullish. Engulfing would have us a range over the prior day and close above prior day. We missed it by a quarter to count it technically.

You can see the similar pattern, 50 EMA, etc. and candle pattern in the circles.

Today's was just close to size in candle but the result the same.

Not that we will but suggests an up day tomorrow as we captured both the 8 & 21 EMAs this time anyway.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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Bob Knights Paper Hands
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Post removed:
by user
$30,000 Millionaire
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AG
Lower volume which is interesting.

I really believe upside is capped, but if we have another close above this level tomorrow I have to re evaluate being short.
You don’t trade for money, you trade for freedom.
FJ43
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$30,000 Millionaire said:

Lower volume which is interesting.

I really believe upside is capped, but if we have another close above this level tomorrow I have to re evaluate being short.
You think the lower volume had to do with OpEx on Friday?

The past 8 were more than the previous 12 or so approx.

The last circle has similar volume profile. The two previous days were higher volume in both cases.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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CIDM

Y'all keep an eye on the intersection of the long term trend, 200 EMA zone.

I'll add shares here again with a bounce 1.25ish range then again below $1.20 (buys at 1.19, 1.15, 1,12-wishful) should it not stay in the trend and lose the 200 EMA.

Notice volume evaporated as well.

This has been one of the easier things to trade that doesn't have options for net free shares and gathering little by little.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

ProgN
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RenoAg said:




That's fair. I know even OA said he took a flyer on it too. Not trying to pound the guy. Just saying sometimes less is more. As a complete newb to this I don't trust my own judgment a whole lot. LOL. So I'm skeptical and cautious by nature at this point. That's on me. But I might jump back in if it pulls back a bit after this run up. Probably still has room to run anyway. Money ain't got emotions. I'll take it wherever I can make it. My apologies to Challenger if he felt I was unfair.
When you're able to fully internalize the bolded part, you'll make more money. Don't fret where a stock runs after you sell at a profit and don't be too proud to cut your losses when a stock violates your discipline. It's the hardest thing to master, ask any trader that's been in the market for an extended time, but removing emotion from your trades leads to better decisions and more money.
FJ43
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AMD

This one could get interesting.

Break of downtrend and over $85.50 ($85.85 MT even better) I would think would be a nice play ahead.

Funny how today it was the downtrend line that rejected it. The prior rejection a few days ago was at MT.

Voodoo....



Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

McInnis 03
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AG
$30,000 Millionaire said:

I don't know what the candlestick pattern is called for this phenomenon where a bearish candle and the next days bullish candle are nearly identical, but I do know that the last several times it has happened, the market has soared upwards. Some of these are tweezer bottoms. 7 times in a row?






Crazy Rob Smith calls it a Rev Strat or "reversal strategy"and it's bullish
Definitely Not A Cop
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AG
FJ43 said:


AMD

This one could get interesting.

Break of downtrend and over $85.50 ($85.85 MT even better) I would think would be a nice play ahead.

Funny how today it was the downtrend line that rejected it. The prior rejection a few days ago was at MT.

Voodoo....






You would think with all of these microchip shortages, all of these companies would be set for an explosion once the supply chain issues get resolved.
$30,000 Millionaire
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AG
so quick poll - everyone bullish again?
You don’t trade for money, you trade for freedom.
Farmer @ Johnsongrass, TX
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$30,000 Millionaire said:

The bears could have taken control. Losers.
I'm a couple pages behind.

I think the bears will allow JPOWELL to soften the beaches Tuesday and they'll be close behind taking the market down. Low hanging fruit for a bear - let Jerome talk.

I bet against JPOWELL the last time, thinking surely he won't screw up the market this time. I lost.

I'm not betting against him this time. He'll find a way to blow up momentum. The bears will be there to help out. Happens Tuesday or Wednesday.
98PercenterAg
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AG
I don't have a bearish bone in my body
Farmer @ Johnsongrass, TX
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Looking for a June pullback (hope it wasn't last Friday).

Then a new ATH.

Then another pullback and flat/choppy the remainder of the year.
Triple_Bagger
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$30,000 Millionaire said:

so quick poll - everyone bullish again?
Bullish until market confirms otherwise. Waiting for a close under 4000.
FJ43
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$30,000 Millionaire said:

so quick poll - everyone bullish again?

Short term more bullish than bearish. After today not seeing anything obvious at least to me at a high level to not be. Qs especially. IMO SPY must reclaim 423.46ish or we've topped for now.

Few months though (July/August) I think we'll begin a pull back at some point and grind down. How low? Don't know. 380s on SPY? I can't ignore inflation and the endless printing of money.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FTAG 2000
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AG
$30,000 Millionaire said:

so quick poll - everyone bullish again?
FJ43
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TRIN guys..what did it close at today? Bullish or Bearish posture?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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Why did he stop at $1k a day?

Disappointed. Low goals and objectives.

Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

$30,000 Millionaire
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AG
FJ43 said:


TRIN guys..what did it close at today? Bullish or Bearish posture?


In theory we should sell off.


You don’t trade for money, you trade for freedom.
Aggie118
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AG
Where are we at with WWR as a mass accumulation?
$30,000 Millionaire
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AG
Here's what tic thinks.


You don’t trade for money, you trade for freedom.
cmk10
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AG
Need more volume each day. Not good.
FbgTxAg
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AG
Aggie118 said:

Where are we at with WWR as a mass accumulation?


Im up to 15k shares and a shltload of aug puts at 5 - so I'm about 1/10,000 of OA's position. If that helps.
Slappy007
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AG
Keep GDRX on your radar, it's forming an inverse head and shoulders. If it can break that neckline it has some good room to run.
Aggie118
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AG
cmk10 said:

Need more volume each day. Not good.


So would it be wise to get out and reinvest somewhere else?
RenoAg
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$30,000 Millionaire said:

so quick poll - everyone bullish again?


Immediate term outlook - only thing I know is undefeated is kitty but JPowell ain't far behind.
FJ43
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$30,000 Millionaire said:

Here's what tic thinks.




I guess that's close to my take with exception of I'm a little lower on being mid 423s being the line to recover

Not sure of exacts but I don't have a lot of support at 408. I see 405/6 being possible but 395-8 more likely should we not have continuation.

But that's my redneck version and thoughts anyway.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

FJ43
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$30,000 Millionaire said:

FJ43 said:


TRIN guys..what did it close at today? Bullish or Bearish posture?


In theory we should sell off.






Probably will then.

Does sideways or chop have an impact on TRIN to 'absorb' things before bullish continuation trend?
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11

RenoAg
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Aggie118 said:

Where are we at with WWR as a mass accumulation?


Last I heard this group was working on obtaining a board seat. Lol. No shortage of WWR shareholders here. I've been slowly and regularly accumulating more shares myself.
Slappy007
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$30,000 Millionaire said:

so quick poll - everyone bullish again?
Bearish until we close over the 8day. J Powell speaks tomorrow, perfect excuse for a failed bounce then selloff.
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