DrStool Posted June 24, 2021 Report Share Posted June 24, 2021 Cycle analysis says that the 5 day cycle is now in a down phase, despite the ES fucutures being at a new high for this rally. If this is the down phase, I can't wait to see the next up phase. 🤒 The market never got close to the 5 day cycle projection of 4290 on the up phase. I can't rule out that it will get there belatedly. The 2-3 day cycle projection is now 4270. That wave is in an up phase. So it's a mixed bag, but one thing is plain. It's still an uptrend, a soft one, but up, nevertheless. Channel support is at 4244 as of 7 AM in NY. Resistance lines are at 4255, 4257, and 4263. If those are cleared, then the upper cycle projections would be in play today. If they break the uptrend, I would expect the market to give ground grudgingly, down to 4234. There's some air space below that if they can crack it. 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, Now The Balance Begins To Shift LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 23, 2021 Flying Blind, But They Warned Us LEE ADLER 2 - TECHNICAL TRADER JUNE 21, 2021 That Got Ugly Fast LEE ADLER 3 - GOLD TRADER JUNE 21, 2021 Edited 23 hours ago by DrStool Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 This little wedgie wants to break out topside. Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 Inverse head and shoulders breakout measures to either 4320 or 4390. Take your pick. Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 To go, or not to go. That is the question. Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 2-3 day cycle projection now 4277. Link to comment Share on other sites More sharing options...
DrStool Posted June 24, 2021 Author Report Share Posted June 24, 2021 Apparently the market has found the perfect equilibrium price. Well, that'll do it for me. I got a long night ahead of me. Hidy Ho and Merry Christmas. Link to comment Share on other sites More sharing options...
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