DrStool Posted September 15, 2020 Report Share Posted September 15, 2020 In this case, that's double tops. Very slight negative divergences in hourly oscillators, but no rollover yet as Europe opens and New York sleeps at 3 AM ET. Significant resistance on ES around 3385 area. If cleared, they run into another resistance band 3390-95. If not, initially vulnerable to 3365. Big Treasury coupon settlement today. No Fed MBS settlements and only small Treasury purchase. Bearish. My guess for today? Down. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Upturn, breakout, resistance test. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 At this point, my guess looks wrong. But it depends on what happens right here at 3393 as this resistance trendline is tested. If breached, there's easy clearance to 3425. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Looks like a top on the 30 minute bars. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 5 day cycle projection 3450. Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 15, 2020 Report Share Posted September 15, 2020 1 minute ago, DrStool said: 5 day cycle projection 3450. Dumb question for ya--have you switched over to the December ES contract as yet? Or perhaps a better way to ask is when do you typically switch over? Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 I use the continuous contract chart on TradingView. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 It's not a dumb question. Especially because I didn't know the answer. 😄😆 Link to comment Share on other sites More sharing options...
PullMyFinger Posted September 15, 2020 Report Share Posted September 15, 2020 5 minutes ago, DrStool said: It's not a dumb question. Especially because I didn't know the answer. 😄😆 OK, thank you. I assume it must roll over based on when volume or trading activity exceeds the expiring contract. So I'm assuming that the 5 day projection relates to the December contract. Learning the market is like life--it humbles me hugely most every day, and shows me yet another thing I don't know. 🙂 Link to comment Share on other sites More sharing options...
BurntOnce Posted September 15, 2020 Report Share Posted September 15, 2020 exxon is paying nearly 10% dividend. what do they say about suckers chasing yield? Link to comment Share on other sites More sharing options...
fxfox Posted September 15, 2020 Report Share Posted September 15, 2020 1 hour ago, BurntOnce said: exxon is paying nearly 10% dividend. what do they say about suckers chasing yield? Confused Ass sayz: „He who chase yield, get‘s ass burned“. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Morning wood and that's it. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Trend broken, but support holding. Gonna try again. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Gotta get through that wall at 3410. I hope our California stoolies are ok. Thinking of you and hoping for the best. I have many cousins in Cali too. God what a nightmare. Trump says we need to do a better job of raking the forest. Can you imagine what will happen if he remains in office? Can things get worse than this? Why yes. Yes they can. Link to comment Share on other sites More sharing options...
DrStool Posted September 15, 2020 Author Report Share Posted September 15, 2020 Still have that 5 day cycle projection of 3450 to worry about. Link to comment Share on other sites More sharing options...
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