DrStool Posted October 15, 2020 Report Share Posted October 15, 2020 Seems the dragon has lost its wings. The 5 day cycle projection of 3445 has been hit however, so beware of dip buyers. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Zooming in on the 30 minute bars, there's a 2-3 day cycle projection of 3410 still out there. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Then a wide angle look with the 2 hour bars - Click to view full size. A drop to 3410 would be a return to the top of the base from which the rally emerged. That's not yet bearish in the bigger picture. A ton of Fed cash hit the dealer accounts yesterday from the first and largest Fed's regular monthly MBS purchase settlements. I keep you informed on that in advance at Liquidity Trader. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Bottom line. I would not bet on big follow through on this selloff today. The dippers should show, as usual. They'll start nibbling around 10:30 if the usual patterns hold up. As for whether that's from around 3440 or 3410, pick em. I don't know. But if they blow out 3435, then I'd look for 3410. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Bastards wouldn't even wait until 10:30 Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 I've been a BTFD madman this morning. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 But I am short one horseshit REIT. They are all going bust. Probably more Merkans have retirement funds in REITS for income than any other investment class. They are gittin killed as always. Wall Street takes no prisoners. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 2 sells just triggered. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Small profits. I'll take it. Midday churn time begins. I'll start looking at afternoon potential setups around 1:45. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 And there goes the one short. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 All good takeouts. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 ES top of channel Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 Indicators on the buy side on hourly bars. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2020 Author Report Share Posted October 15, 2020 And flat Link to comment Share on other sites More sharing options...
Jorma Posted October 15, 2020 Report Share Posted October 15, 2020 It's like watching a cartoon of a market. Link to comment Share on other sites More sharing options...
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