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DrStool

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Everything posted by DrStool

  1. Zooming in with 30 minute bars, the 2-3 day cycle projection is 4340.
  2. Just had a hairline fracture of Aug 19 low. Bounce here, then lower, but questionable whether today or later. The Chinese margin call heard round the world.
  3. It ain't exactly clear, but we have some parameters to watch this morning, that should tell us. Right now at 7:15 AM in New York, the ES is hanging from the lowest downtrending sport line. If they don't climb back above 4375 in the next two hours, then no recovery is likely from the outset in NY. The target would be the August 19 low around 4350. Here's the 2 hour bar perspective. The 2 hour bar oscillators have reached the level of the August 19 low. If they don't rebound here, we're in for an epic, epic day. Not just epic, mind you, but epic epic. Here's the one hour bar perspective. The 5 day cycle projection is 4350-55. That squares with the major sport at the August low. I would expect the next sustained bounce to start from there. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, for your longer term infotainment and edification: Stock Market on the Brink Get Ready for the Coming Bond Market Bloodbath Lots of Sell Signals Again From Friday’s Swing Trade Screen Useless Banking Indicators Except for One Giant Red Flag
  4. I too wondered where the yellow went. Look no further than Fed RRPs. That cash is just sitting there. Remember. It's overnight money. Same as cash.
  5. They've already confirmed the downtrend with a lower low by a hair. Also hit a revised 5 day cycle projection of 4440 or fight, but that won't be the last word if they break this low. Could get much worse. We'd be looking at a 5 day cycle projection of 4410.
  6. My Twitter follower numbers are declining, getting close to the 5100 sport level.
  7. I was wrong about Sell Rosh Hashana, Buy Yom Kippur. I thought it wouldn't work this year. I was wrong. When it comes to Wall Street religion, and my analytical opinion, religion wins. It's not about logic. It's not about facts. It's religion! For the WIN! This trend channel that began on September 6 has become a thing of beauty. The resistance cluster that they would need to clear to break that trend, is now around 4480-82. If they don't get through that, this could start to get real interesting. That will be true in particular if they drop through 4447. At this point, the 2-3 day cycle projection only points to around 4445. That would not be enough for a material break. So we'll be waiting, For a material break, Waiting for a material break. I said we be waiting, For a material break, Not just an immaterial shake. Yes, we'll be waiting, For a material break, Waiting for a material break. I said we be waiting, For a material break, Not just an immaterial shake. Sing it with me now. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, for your infotainment and edification: Get Ready for the Coming Bond Market Bloodbath Lots of Sell Signals Again From Friday’s Swing Trade Screen Constructive Signs for Gold Digging Nothing Has Happened Yet Useless Banking Indicators Except for One Giant Red Flag
  8. The ending chart of the day illustrates today's headline.
  9. American language very confusing. And hard to pronounce. Too many vowel.
  10. This verrrry sick idea. See doctor... In Poland have no prepositions or pronouns. What is preposition, anyway.
  11. I see that there's been a little selling while I went out to buy a broom and mop to sweep my penthouse apartment, since it did not come equipped with a vacuum cleaner. I wonder if there's any symbolism in that. Pray for gold. It's getting slaughtered.
  12. Even on the intraday charts. The ES futures rallied back to the 10 day trendline. They tagged it nicely and stopped dead. Now, at 5:20 AM NY time, they're showing signs of rolling over again. This is after also hitting a 5 day cycle projection of 4485. Hourly oscillators have turned down a little, but they're still at high levels. These aren't conclusive sell signals yet. If the ES holds around 4475, and then successfully breaks 4485, or 4482 around the NY open, we could be off to the races again. Remember, this is Fed MBS settlement week. The Fed is in the process of pumping $110 billion into Primary Dealer trading accounts this week. https://liquiditytrader.com/index.php/2021/09/15/get-ready-for-the-coming-bond-market-bloodbath/ If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, for your infotainment and edification: Get Ready for the Coming Bond Market Bloodbath Lots of Sell Signals Again From Friday’s Swing Trade Screen Constructive Signs for Gold Digging Nothing Has Happened Yet Useless Banking Indicators Except for One Giant Red Flag
  13. Zooming in to the 30 minute bars at 6:45 AM ET, is this downtick the turn. Stay tuned.
  14. OK. I cheated. That's counting the weekend. Was there an up day yesterday. Sure can't tell that from the hourly chart. And as of 5:45 AM in New York, the price of the ES, S&P futures, has reached a critical juncture. That juncture is the price bumping up against that downtrend channel line currently around 4458. If it doesn't clear that, bears are likely to be in for a very good day. Bulls, not so much. On the other hand, if they manage to clear that trendline, which will be at about 4455 at the NY open, then the bulls have a shot to make today a good day for them, bad day for bears. But they'd still face the challenge of the top of the bigger downtrend channel. That will be around 4491 at the open. It converges with a flat resistance level there as well. If it rolls over there, the shape of the pullback will suggest who wins the next round of intraday swings. For the big picture short, intermediate, and long term outlook, click here, and join, risk free. Lest we forget, it's that time of the month. Fed MBS settlement week coming. I'll post an update on that at Liquidity Trader later today. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Meanwhile, for your educational infotainment and edification: Lots of Sell Signals Again From Friday’s Swing Trade Screen Constructive Signs for Gold Digging Nothing Has Happened Yet Useless Banking Indicators Except for One Giant Red Flag
  15. One thing for sure. The 2-3 day cycle projection is now 4427. So I guess the 5 day is pointing lower too. 4425?
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