DrStool Posted October 5, 2020 Report Share Posted October 5, 2020 The stock futures markets have taken the weekend at Bernie's in stride. At 3:20 AM in New York the ES fucutures were up 14.50, but off their highs by about a dozen points. The hourly chart has trend channels going every which way, so anything, can happen, or nothing may happen. For now, the hourly indicators, which usually represent a 2-3 day cycle are stariting to edge down. So you could make a case for today being a down day. Initial support areas are around 3348 and 3338. There seems to be a 5 day cycle projection of 3307. At the same time, there's an unmet 2-3 day cycle projection of 3394. So take your pick. Futures now up only 10, testing that first support area. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 2 hour bar perspective. Looks a little head and shouldery. But the right shoulder would be higher than the left. It has been decades since I remember seeing a higher right shoulder with a materially bearish outcome. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 It occurs to me that most people won't get the Weekend at Bernie's reference. Not everyone is as old as I am. Link to comment Share on other sites More sharing options...
Jorma Posted October 5, 2020 Report Share Posted October 5, 2020 2 hours ago, DrStool said: It occurs to me that most people won't get the Weekend at Bernie's reference. Not everyone is as old as I am. That was one of the best documentaries I've ever seen. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 2-3 day cycle projection rises to 3400. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 5, 2020 Report Share Posted October 5, 2020 Weekend at Bernies......to go with all the Zombie companies being pushed around..... >: NBC did a Heidi on their Sunday NASCAR race....... >:: ⚽ Gunnersaurus was sacked by Arsenal (Mesut Ozil still makes £350k A WEEK) Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 8 minutes ago, MisFit Kid said: Weekend at Bernies......to go with all the Zombie companies being pushed around..... Well, yeah. That too. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 ES flirting with a double top with today's high, and today's high with the Oct 1 high. So far 1 point below that one. I have a list of shorts ready on autopilot. But if they break out upside, I have no longs. I better get busy. Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 Autosells triggered just before the ES started down. I'm gonna be able to retire soon. 5-10 minutes. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 5, 2020 Report Share Posted October 5, 2020 Dow 28K Large.......where are the Free Hats? Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 I predict 2:30 turn time will be now. Link to comment Share on other sites More sharing options...
Jorma Posted October 5, 2020 Report Share Posted October 5, 2020 Pssst. Buy Clorox Link to comment Share on other sites More sharing options...
DrStool Posted October 5, 2020 Author Report Share Posted October 5, 2020 Did you know that dogshit can bounce? Link to comment Share on other sites More sharing options...
Jorma Posted October 5, 2020 Report Share Posted October 5, 2020 2 minutes ago, DrStool said: Did you know that dogshit can bounce? You have been performing experiments in your spare time? Probably not a good way to ingratiate yourself with your new neighbors. Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 5, 2020 Report Share Posted October 5, 2020 SPX 3,400 large...... Free Hats to all........ Link to comment Share on other sites More sharing options...
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