DrStool Posted November 24, 2020 Report Share Posted November 24, 2020 Anyone who has traded this market successfully since Pfizer Day is a genius. I am not a genius. The 5 day cycle projection on the ES is currently pointed at 3603, done, but this could ratchet higher. A couple of trend channel resistance lines are vectoring toward 3625 at around 1 PM New York time. That's a reasonably likely target if the current mini pullback here at 3 AM ET, holds in the 3600 area. If that doesn't hold, the key support line remains 3586, around which all life on earth, and indeed the future of the universe itself, revolves and depends. Meanwhile, the 2-3 day cycle projection points to 3635. Pipe that in your put and smoke it. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2020 Author Report Share Posted November 24, 2020 5 day cycle projection 3620 Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2020 Author Report Share Posted November 24, 2020 Shamalamadingdong Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2020 Author Report Share Posted November 24, 2020 2-3 day cycle projection now 3640 Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2020 Author Report Share Posted November 24, 2020 It's all a matter of perspective. To some people, that's a beautiful thing. How could you not be loaded to the gills long? Link to comment Share on other sites More sharing options...
Jorma Posted November 24, 2020 Report Share Posted November 24, 2020 The markets approve of the Feds merger with the Treasury. Which is understandable. Link to comment Share on other sites More sharing options...
DrStool Posted November 24, 2020 Author Report Share Posted November 24, 2020 They've always been partners. The Fed has always been the Treasury's money laundry. Link to comment Share on other sites More sharing options...
Jorma Posted November 25, 2020 Report Share Posted November 25, 2020 Munchin says he is putting the unspent CARES Act money back in the Treasury General Account at the end of the year.. Those are the exact words I read. But where are they now? Do you know Lee? Do agencies have their own segregated accounts? So is the appx. $500 billion 'returned' going to put the Treasury General Account at $2TN? Why and WTF for? Also, why borrow another $150bn by Dec.1? Inertia? Link to comment Share on other sites More sharing options...
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