DrStool

Just logged back in and see we've had a classic, delayed reaction rally. Reaction to what? Nothing to see here, all is well?

So I woke up in the middle of the North Atlantic this morning and the wires were saying MASSIVE FUTURES RALLY ON EASED TRADE FEARS. Went to breakfast. Returned to room. Hooked up to the satellite and what do I see? Market down 2.27. So much for the huge rally. Although they're at minor support here, so should bounce. OTOH 2 day cycle projection says 2704.

I think the Fed knows. They must keep "raising rates" to appear that they're in control. They're just rubber stamping the market as it goes.

5 day cycle indicator has edged to the buy side as this low is now a triple. 2712 is the target if this doesn't hold.

We are 300 miles southeast of Nanfuckit.

Next support below 2738 is 2712. Up the escalator. Down the shaft.

3 day is moot. Way overshot.

Sorry. That was the 2 day.

3 day cycle projection drops to 2725

Conditional 5 day cycle projection looks like 2730 if market drops under 2730.

2 and 3 day cycle projection 2745. 5 day 2755, done. Posting from the Queen Mary 2 somewhere in the North Atlantic headed for the UK! Ultimately I'll be in Nice, France for the winter maintaining a regular work schedule as always.

Plunger! 😉

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Conditional 5 day cycle projection 2763 on any drop below 2775.

2, 3, and 5 day cycle projections were all 2785 give or take. That's been exceeded. I have nothing below that, yet. 5 day uptrend line around 2785, they're flirting with. Next support area below looks around 2758.