DrStool Posted April 29, 2021 Report Share Posted April 29, 2021 Remember this oldy but goody? 4220 or Bust 4/27/21 The new 2-3 day cycle projection is 4210. Can't make a precise 5 day cycle projection, but if the market doesn't pull back much before NY opens, we'd be looking at around 4225-30. The codpiece pattern breakout measures to around 4250. Trend resistance is around 4203 in the 5-6 AM hour in New Yak. That would of course become sport if they clear it. The next sport lines below that would be around 4198 and 4193. The next resistance would be around 4210. Hourly indicators remain on the buy side. They're a few ticks below where they usually peak in this market. I would guess that we'd need a little negative divergence before the next intraday cycle rollover. Markets Awash in Cash – Where, How, and How Long, Revealed LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS APRIL 28, 2021 Stock Market Gets Knocked Down But Still Packs Punch LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 If you are a new visitor here, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Bulls took yesterday's screen game with 17 buys and 12 sells. This is swing trade buy signals vs. sell signals from yesterday's action. These are very low numbers. The market is apparently riding the residual momo from the 58-16 bull win from Monday's action. And that could be a second wind off the thrust of the 155 buy signals that started the 6 month cycle up phase back on March 28. That was the Big Kahuna. This is raw data. These are not recommendations. They represent charts that have triggered short term signals near key cyclical support or resistance levels. Pick through these and see if there are any that you like from your own charts. Feel free to post your charts here with comments. You can see which ones I actually pick each week by subscribing to Technical Trader. Get ’em While They’re Hot – Swing Trade Picks For Week of April 26, 2021 LEE ADLER 2 - TECHNICAL TRADER APRIL 25, 2021 Here is today's output. Symbol Buy Sell 500 200 125 50 ATVI.O 1 0 0 0 0 1 BABA.K 1 0 0 0 0 1 BP 1 0 0 0 0 1 CNI 1 0 0 0 1 0 GOL 1 0 0 0 1 0 GPK 1 0 0 0 0 1 INFN.O 1 0 0 0 1 1 KSS 1 0 0 0 0 1 MGI.O 1 0 0 0 1 0 MRVL.O 1 0 0 0 0 1 NLSN.K 1 0 0 0 0 1 PTEN.O 1 0 0 0 1 0 SHOP.K 1 0 0 0 1 1 SJI 1 0 0 0 0 1 TFC 1 0 0 0 0 1 TIP 1 0 0 0 1 0 YUMC.K 1 0 0 0 0 1 AVGO.O 0 1 0 0 0 1 BXP 0 1 1 0 0 0 CADE.K 0 1 0 0 0 1 CNK 0 1 0 0 0 1 CSIQ.O 0 1 0 0 0 1 DD 0 1 0 0 0 1 DEI 0 1 0 0 0 1 ENPH.O 0 1 0 0 1 1 INCY.O 0 1 0 0 1 0 MU.O 0 1 0 0 0 1 SAVE.K 0 1 0 0 0 1 SPOT.K 0 1 0 1 0 1 Totals 17 12 1 1 9 22 Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Initializing second stage engine firing. Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Now, let's go to the films. I report, you decide. These are not recommendations, simply charts that I find interesting. Buy or sell? You tell me! The charts are really boring today. Nothing stands out. Everything looks like it could go either way. Meanwhile there's a plane over my neighborhood that keeps buzzing us. It's nerve-wracking. 😠😠 Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Sport, right at 4200 Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Trend break. Next sport 4193. Link to comment Share on other sites More sharing options...
PullMyFinger Posted April 29, 2021 Report Share Posted April 29, 2021 El momento de verdad, numero uno. A bar close or two below that channel might actually mean something. If not, more of the same. Link to comment Share on other sites More sharing options...
PullMyFinger Posted April 29, 2021 Report Share Posted April 29, 2021 Crap. Need to learn how to crop a pic. Here it is again. Sorry about that. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 29, 2021 Report Share Posted April 29, 2021 I had to short the q's on that open, happy birthday to me! Link to comment Share on other sites More sharing options...
Mkucstars Posted April 29, 2021 Report Share Posted April 29, 2021 Bit of a head and shoulders on the IWM, watch out if it can't break out here. All short term of course. Link to comment Share on other sites More sharing options...
Mkucstars Posted April 29, 2021 Report Share Posted April 29, 2021 Let's break 1.74% on the 10 year and see what happens... Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 Get's serious below 4186. Day after FOMC often sets the trend. Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 All my profits Lord, soon be over. Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2021 Author Report Share Posted April 29, 2021 I'll have to go to Twitter pour la raison du jour. Link to comment Share on other sites More sharing options...
PullMyFinger Posted April 29, 2021 Report Share Posted April 29, 2021 Rapidly approaching el momento de verdad numero dos on 60M NQ. Piereced the moon spoke that represented yesterday's support. Much below 13880-ish, and it gets really interesting. But let's see if 13880 gives a bounce. Link to comment Share on other sites More sharing options...
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