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DrStool

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Everything posted by DrStool

  1. Absolutely no reaction in the 10 year. It's all how beez ah. How beez ah.
  2. For the story behind that headline, see: The Bond Rally That Fooled The Majority And Didn’t Help Dealers Meanwhile, check out the dreaded Codpiece Pattern, on the hourly chart of the ES continuous 24 hour S&P fugutures. Truly frightening as the market awaits the pronouncement from of Lord Jaysus on Mt. Smellarat. There are more criscrossing channels there than a basket weaving class. And anything that happens before the Jerome Lying Through His Teeth center ring show this afternoon is meaningless anyway. I'm going to head out for the day. Wait till tomorrow! To understand, and profit from the big picture check out the following. The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 Swing Trade Screens – Surprise, Surprise – A Few Shorts July 25, 2022 Gonna Take You Higher, But Not Too Much July 25, 2022 Catch a Falling Knife July 19, 2022 Survive the Meat Grinder and Market Will Gladly Pay Us Back on Tuesday July 18, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 Recession? What Recession? July 5, 2022 Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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.
  3. Maintenance problems with my new home today. I'm really behind the 8 ball getting reports out. Will hump it tomorrow morning. Ciao.
  4. To channel or not to channel, that is the question.
  5. OK. We now have a lower right shoulder with a lower low. The neckline of the formation is 3915, and the measured move distance is 85 points. That makes the target of a break 3830. Assuming it breaks. Amazing how these things work out.
  6. Normally on this site, the daily views on a thread vary inversely with the market trend. The highest numbers coincide with bottoms, and the lowest with tops. I went back a year and yesterday's volume was the lowest in that time. No other trading day was close. So by that measure we're at the top of another rally that fools the majority. Although you couldn't tell by the hourly chart of the 24 hour ES, S&P fugutures. First I'll start with the 5 hour bars. Looks like a consolidation pounding away at the downtrend.. Zooming in to the two hour bars, looks like it might be a top, but the right side peaks and valleys are higher than the left. That's been a bullish tell for at least a dozen years. ' Course, I don't think we're in a bull market any more, Toto. So maybe the lower highs and lows on the right side of a pattern are no longer a requirement. Finally, our usual look at the one hour bars because we focus on useless minutiae on this thread. Useless, that is, except for day traders. You don't need to be a genius to see that 3943 and 3938 are critical sport levels. If broken, they'll trigger a little selling. And that will really look like a top to most traders. Then they'll sell it down to 3924 and... the Fed resubstantiation dipshit rally will kick off. Meanwhile, resistance is up there at 3985 and 4013. If they don't clear those, nothing has happened yet. And if they do, the measured move objective would be around 4075. Now, stay tuned for tomorrow's Fed Dog and Pony Circus, led by ringmaster, Jaysus Lord Powell. Swing Trade Screens – Surprise, Surprise – A Few Shorts July 25, 2022 Gonna Take You Higher, But Not Too Much July 25, 2022 Catch a Falling Knife July 19, 2022 Survive the Meat Grinder and Market Will Gladly Pay Us Back on Tuesday July 18, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 Recession? What Recession? July 5, 2022 Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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.
  7. Not a surprise if you've ever been in one of their toilettes.
  8. I've been to Norristown. Not a joke. Good night from Nice.
  9. Now you have a higher high on the double head, and a higher high on the right shoulder. In the 12 years of QE, that was never bearish. Not once. Now???
  10. From the intraday trading perspective, that's where we are. Firmly rangebound between 3935 and 4012. The ES 24 hour futures are trading midrange of that at 8 AM in New York. 3-5 day cycle indicators are neutral. They're due for an upturn today, so I expect a rally later today that should result in at least a test of last week's high. Gonna Take You Higher, But Not Too Much July 25, 2022 Catch a Falling Knife July 19, 2022 Survive the Meat Grinder and Market Will Gladly Pay Us Back on Tuesday July 18, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 Recession? What Recession? July 5, 2022 Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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.
  11. Just one problem. Markets don't anticipate. That's just an excuse that Wall Street gives when there's a little liquidity driven rally. There's been a little excess liquidity in the market for the past month. https://liquiditytrader.com/index.php/2022/07/18/as-good-as-it-gets-before-the-end-of-time/
  12. If they break 2.70, this top would measure to two pint oh.
  13. OK. I forecast a bond rally, but this is absurd. The chorts. The chorts.
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