DAILY MARKET COMMENTARY

MAY 19, 2021

The DOW-30 # 1 of 4 performance index.  The index gapped down falling to the 50MA and the BB18-2 gaining back the drop finishing the day with a powerful up doji, but without being able to fill the gap to yesterdays close.  It broke the low of the previous -2 Down BOTTOM creating a 1 Down TOP confirming the swing down trend. 

The SP-500 # 2 of 4 performance index.  The index had a similar behavior to the DOW, but was able stay above the -2 Down BOTTOM.

The NASDAQ # 4 of 4 performance index.  The index gapped down and regained all the ground lost filling the gap to yesterdays close and almost reaching the 9MA.

The RUSSELL-2000 # 3 of 4 performance index.  The index gapped down regaining the lows for the day finishing as weak Up Doji, but touching the 9MA.

Forecast for May 20:  The market should break above yesterdays highs and battle with the 9MA.  Expect the day to close below the 9MA in most indexes.

USA INDEXES MARKET TIMING

MAY 19 2021

DAILY 5H PRICE ACTION INDICATOR

TREND
5H T/B
DATE T/B
CONF T/B
BARS
SETUPS
NEXT T/B
DOW 30
DOWN -
1 DTOP
14-5-21
19-5-21
4
0
2 DBOT
SP 500
DOWN -
1 DTOP
14-5-21
18-5-21
4
0
2 DBOT/+1 UBOT
NASDAQ
UP -
-2 DBOT
12-5-21
14-5-21
6
1 DOFF
1 DTOP/+2 UTOP
RUSSELL 2000
UP -
-2 DBOT
12-5-21
14-5-21
6
1 DON
1 DTOP/+2 UTOP

USA INDEXES MARKET TIMING

MAY 18 2021

DAILY 5H PRICE ACTION INDICATOR

TREND
5H T/B
DATE T/B
CONF T/B
BARS
SETUPS
NEXT T/B
DOW 30
UP -
-2 DBOT
12-5-21
14-5-21
5
1 DON
1 DTOP/+2 UTOP
SP 500
DOWN +
1 DTOP
14-5-21
18-5-21
3
0
2 DBOT/+1 UBOT
NASDAQ
UP =
-2 DBOT
12-5-21
14-5-21
5
1 DOFF
1 DTOP/+2 UTOP
RUSSELL 2000
UP =
-2 DBOT
12-5-21
14-5-21
5
0
1 DTOP/+2 UTOP

USA INDEXES MARKET TIMING

MAY 17 2021

DAILY 5H PRICE ACTION INDICATOR

TREND
5H T/B
DATE T/B
CONF T/B
BARS
SETUPS
NEXT T/B
DOW 30
UP =
-2 DBOT
12-5-21
14-5-21
4
1 DON
1 DTOP/+2 UTOP
SP 500
UP =
-2 DBOT
12-5-21
14-5-21
4
1 DON
1 DTOP/+2 UTOP
NASDAQ
UP =
-2 DBOT
12-5-21
14-5-21
4
1 DON
1 DTOP/+2 UTOP
RUSSELL 2000
UP +
-2 DBOT
12-5-21
14-5-21
4
0
1 DTOP/+2 UTOP

USA INDEXES MARKET TIMING

MAY 14 2021

DAILY 5H PRICE ACTION INDICATOR

TREND
5H T/B
DATE T/B
CONF T/B
BARS
SETUPS
NEXT T/B
DOW 30
UP +
-2 DBOT
12-5-21
14-5-21
3
0
1 DTOP/+2 UTOP
SP 500
UP +
-2 DBOT
12-5-21
14-5-21
3
0
1 DTOP/+2 UTOP
NASDAQ
UP +
-2 DBOT
12-5-21
14-5-21
3
0
1 DTOP/+2 UTOP
RUSSELL 2000
UP +
-2 DBOT
12-5-21
14-5-21
3
0
1 DTOP/+2 UTOP

USA INDEXES MARKET TIMING

MAY 13 2021

DAILY 5H PRICE ACTION INDICATOR

TREND
5H T/B
DATE T/B
CONF T/B
BARS
SETUPS
NEXT T/B
DOW 30
DOWN =
14 UTOP
10-5-21
12-5-21
4
1 UON
-2 DBOT
SP 500
DOWN =
8 UTOP
7-5-21
11-5-21
5
1 UON
-2 DBOT
NASDAQ
DOWN =
3 UTOP
29-4-21
3-5-21
11
3 UON
-2 DBOT
RUSSELL 2000
DOWN =
1 UTOP
29-4-21
4-5-21
11
3 UON
-2 DBOT

PRICE ACTION AND TECHNICAL STRATEGIES INFORMATION

The Daily Market Action Report analyses several proprietary Technical and Price Action Strategies to provide a general market trend  forecast for the Dow-30, SP-500, NASDAQ and RUSSELL-2000.  The forecast includes in-depth analysis of the 5 Hand Price Action Trading Pattern (5H) Strategy that can be reviewed in article TS0001 5H Price Action Trading Pattern Strategy and the Moving Average Turn Around (MATA9) Technical Analysis Strategy in article TS0002 MATA9 Moving Average Turn Around Trading Strategy.

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