2025-05-21 -- will they wake up today?

acting a little more with it this morning, but will thy continue?

Author

n qracky
May 21, 2025 • Estimated Reading Time: 2 minutes

🔢 The Numbers

Above

They’ll need to break back into 21389.75 to even get going today. That’ll open it up for 21424, and to reclaim 21440.5. reclaiming that lets them set their sights on 21458, then a fighting chance at 21523.5 and above.

Below

Losing 21238 is going to send them to hunt for 21161.75 (via. 21169.5), and onto

21141. Losing that, and a longer term bear case may be in play here, starting with a revisit to 21042.75.

📸 The Big Picture

Yesterday was a bonafide sleeper, which left them to drive downward through the larger balance overnight, defending the “dead serious” territory this morning with a decent tweezer bottom around the 2 sigma low of our 7 day balance. She’s currently below it, and, unless the bulls are dead lazy today, they’ll at least try to enter yesterday’s (miniscule) value area, for a rip through it. If they strongly reject it in premarket again as of this writing, I’m keeping my eye open for lower numbers. What would not be surprising is a trip. up, a reject, then some hovering before the open in an attempt to reclaim that area.

We haven’t had a significant down day in over a week, and yet we haven’t had a significant move one way or another for a few days either. And with no news, that may not change. We will see, anything can happen.

Here’s to patience, learning, and profits! 🫡