DrStool Posted December 31, 2020 Report Share Posted December 31, 2020 Who is it grappling for? Cycle lows are due on 3 and 5 day cycles. True Strength Index oscillator is bottomy. Others are in neutral turf. If ES pullback holds at or above 3714, PM upmove should be explosive as the hedge fund junior traders are forced to cover shorts. Conversely, a break of 3714 would target 3703. The 5 day cycle projection is 3710. 2-3 day cycle projection 3713. Happy New Year! Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 30 minute bars show the rebound from support. Nearing a breakout with indicators on the buy side. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 4 attacks on the trendline so far. The fifth time's the charm. 😁 Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 Trendline, I'd like you to meet Trendline. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 Not counting the peak, or the second touch that formed the trendline, there have been 8 more half hourly bars that have touched the line. Weird. The 2-3 day cycle projection of 3714 was hit, and the indicators are on the cusp here. A trend break could set off a stampede. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 Uh huh. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 More of a pop than a stampede. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 5 day cycle projection 3757. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 31, 2020 Report Share Posted December 31, 2020 he who holds us dollar has stinky finger. Link to comment Share on other sites More sharing options...
DrStool Posted December 31, 2020 Author Report Share Posted December 31, 2020 Tell me about it. It's becoming a real problem. For me, it has meant 13% inflation. Between that and the fact that a US passport won't allow you to go anywhere, it's a little tough being an American overseas. The sad part is that it's all policy driven. This could have been avoided, or at least mitigated. Link to comment Share on other sites More sharing options...
Jimbo Posted January 1, 2021 Report Share Posted January 1, 2021 CONTAINER RATES FROM ASIA TO US RISE The US tsunami of government spending and FED printing to cover that spending has led to a boom in imports from asia. Hence freight rates rise. Dollar is dumped by Asian exporters leading to dollar fall. Rince wash repeat. This does nothing for the US economy. But its great for asian economies. Link to comment Share on other sites More sharing options...
sandy beach Posted January 4, 2021 Report Share Posted January 4, 2021 Always enjoy your posts Jimbo! Link to comment Share on other sites More sharing options...
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