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DrStool

BOINGGGGGGG!!! 3/20/20

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LEE'S FREE THINKING

The BOINGGGG That Fizzled (Again)

by Lee Adler •  • 0 Comments

S&P ES Futures Chart

Now that the US Government has delayed Tax Day for 3 months, the April tax windfall won’t happen. That cash fuels temporary Treasury debt paydowns which in turn fuel seasonal financial market rallies. Not this year.

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4 minutes ago, Dr.Correll said:

Glad I never changed my profile Picture... 

Well, look who's here.

All grown up now! 

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Bottom of the trend channel from yesterday's low is currently 2370. 

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Bouncing before hitting the lower channel bound. 

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They only pumped it up overnight, because they knew all those curfew's would be coming? Not unlikely.

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File under musings that don't mean a thing. If crashes don't happen from tops then maybe we haven't crashed yet. 

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They maintained the uptrend. This bounce is crucial. If it fails, batten down the hatches. 

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This was a good intraday bottom. Higher low. IF they take out 2500, going to 2540, maybe 2600+

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They have still the power to paint the charts? Unbelievable! It is obvious that they are trying to paint an inverted SHS on the hourly.

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Man if this thing stalls and rolls over here. I shudder to think. 

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