Currently ES futures are just slightly up +3.5 points, they were
up higher earlier this morning so off their highs. See the 1st
image of a 15 min ES chart, notice how price stalled right at the
ATR and cycle resistance. However big tech is down, see the
ETF pre market moves below
SPY +1.19 and DIA +0.35 pre market while IWM -0.36 and QQQ
-1.29
The second image shows the ETF sector table and you can see the
pre market moves in the sectors and commodities - look at those big
down moves in the FANG stocks at the bottom of the 2nd image.
all the commodities are trading higher pre market except
natural gas
here you go, took images of both the daily and cycles. Clearly
those names weak and have been weak with big tech. AAPL still
holding it's ATR and DVT, otherwise price stalled out at the ATR on
the 120 min and cycle sell on the 60 min
TSLA lost the daily DVT, daily MA ribbons bearishly stacked for
now. Price sold off from the resistance cycle on the 60 min and has
been trending under the ATR on the 1/2 day, 120, and 60 min.
Short term a demark 10 and A but otherwise still very
weak.
Good morning and happy Monday
Posted by matt on 10th of May 2021 at 09:15 am
Currently ES futures are just slightly up +3.5 points, they were up higher earlier this morning so off their highs. See the 1st image of a 15 min ES chart, notice how price stalled right at the ATR and cycle resistance. However big tech is down, see the ETF pre market moves below
SPY +1.19 and DIA +0.35 pre market while IWM -0.36 and QQQ -1.29
The second image shows the ETF sector table and you can see the pre market moves in the sectors and commodities - look at those big down moves in the FANG stocks at the bottom of the 2nd image. all the commodities are trading higher pre market except natural gas
Matt - Could you update
Posted by skitexas67 on 10th of May 2021 at 09:23 am
Matt - Could you update AAPL and TSLA in KISS Systems charts? Thanks!
here you go, took images
Posted by matt on 10th of May 2021 at 10:38 am
here you go, took images of both the daily and cycles. Clearly those names weak and have been weak with big tech. AAPL still holding it's ATR and DVT, otherwise price stalled out at the ATR on the 120 min and cycle sell on the 60 min
TSLA lost the daily DVT, daily MA ribbons bearishly stacked for now. Price sold off from the resistance cycle on the 60 min and has been trending under the ATR on the 1/2 day, 120, and 60 min. Short term a demark 10 and A but otherwise still very weak.
Thanks!
Posted by skitexas67 on 10th of May 2021 at 10:55 am
Thanks!
yep will do when I
Posted by matt on 10th of May 2021 at 09:40 am
yep will do when I get a min