DrStool Posted June 18, 2021 Report Share Posted June 18, 2021 It never gets old, does it? Well yeah, actually it does. At 4:30 AM in NY, 4209 sets up as a critical trend spport junction. If they get below that, shorts may have something going. But if it holds, back up we go, probably to 4323-24 as a first stop. If they clear 4225 next stop would be around 4235. Then if that's cleared, target would be the top of one of those megaphones, around 4270-75, depending on how long it takes. If they head down, first checkpoint should be 4203-05. If you are a new visitor, 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. Meanwhile, Bond Market Has Mitigated Some of the Risk, But Don’t Go To Sleep LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 16, 2021 Market Engine Whines Without A Rudder LEE ADLER 2 - TECHNICAL TRADER JUNE 14, 2021 When This Boring Market Finally Reaches the Center of the Earth LEE ADLER 2 - TECHNICAL TRADER JUNE 13, 2021 Have Primary Dealers Built a Muddle Through Scenario? LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 13, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 Looking at my daily data, this setup is potentially very bullish, or very bearish. The market will either go up or down from here. That is all. Carry on. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 I have installed a new theme on WSE because comments had stopped working on the 12 year old theme that had served its purpose. I go by the rule, if it ain't broke, don't fix it. If it ain't not broke, fix it. So the three comments I get every 3 months will now be visible. I've updated and streamlined a few other things. Welcome to the 2010s. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 https://www.cnbc.com/2021/06/11/covid-doctor-warns-southern-states-vulnerable-to-delta-variant-this-summer.html?recirc=taboolainternal Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 Taking aim at 4183-85 again. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 2-3 day cycle projection 4150. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 4155 Link to comment Share on other sites More sharing options...
potatohead Posted June 18, 2021 Report Share Posted June 18, 2021 short end of the curve taking a hit. Curve is flattening. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 Still looking at a 2-3 day cycle projection of 4155. Oscillators look bottomy. Doesn't rule out a downdraft, but if we get it, that should be it. Link to comment Share on other sites More sharing options...
DrStool Posted June 18, 2021 Author Report Share Posted June 18, 2021 A great weak end for one and all! Ciao for now! Link to comment Share on other sites More sharing options...
Jimi Posted June 18, 2021 Report Share Posted June 18, 2021 Solid finish. Not. Link to comment Share on other sites More sharing options...
Jimbo Posted June 20, 2021 Report Share Posted June 20, 2021 A VERY APT POST From me: Posted March 24, 2020 THE GREAT INFLATION TRADE The Fed has to go full inflation to save the Financial Industrial Complex. Otherwise its straight debt default. And they wont allow that. There is simply too much debt in the system to ever repay in real terms. Real assets yes financial assets no will be the mantra from now on. Very 1970's. A Grey Rhino in plain sight if ever there was one. Link to comment Share on other sites More sharing options...
GregFokker Posted June 20, 2021 Report Share Posted June 20, 2021 Weekend tankage testing that 4155 sport level. Link to comment Share on other sites More sharing options...
Jimi Posted June 21, 2021 Report Share Posted June 21, 2021 Bitcoin lol Link to comment Share on other sites More sharing options...
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