DrStool Posted June 25, 2021 Report Share Posted June 25, 2021 5 day cycle indicators edged to the sell side again, early in the overnight session of the S&P fucutures. As has been its wont lately, the market dipped a little, right to a lower trend channel line, and stopped, in the last hour (as of 5 AM ET). In the hour ending at 6AM, that line is at 4255. As of the NY open, it will be at 4259. That needs to be broken, or the down phase will stay flat to up, and the next up phase could lead to massive, epic breakout. Or it could just stumble drunkenly higher bit by bit, as it has been doing. The top of the current channel is now at 4266. That's a ridiculously small move give the current price level. And even if they clear that, there are more R lines waiting at 4272, 4275, and so on, and so on. So I don't blame people for taking vacation early. This market is a joke, a simulation, courtesy of the Fed. 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...
MisFit Kid Posted June 25, 2021 Report Share Posted June 25, 2021 All Time High on a Friday = And next Friday is right before US Holiday................ Maybe today is the real Holiday........National take your Dog to work day...... Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2021 Author Report Share Posted June 25, 2021 Here we go buys and gulls. Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2021 Author Report Share Posted June 25, 2021 I leave for 3 1/2 hours and this is the best they can do. Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2021 Author Report Share Posted June 25, 2021 If they get through 4269, expect an explosive move to 4272. You'll need to be nimble. Link to comment Share on other sites More sharing options...
Jimi Posted June 25, 2021 Report Share Posted June 25, 2021 "Up to the right... up to the right... up to the right... up to the right...." Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 25, 2021 Report Share Posted June 25, 2021 Flo-Bot Friday Link to comment Share on other sites More sharing options...
DrStool Posted June 25, 2021 Author Report Share Posted June 25, 2021 2 hours ago, DrStool said: If they get through 4269, expect an explosive move to 4272. You'll need to be nimble. And that's the way it is. Friday, June 25, 2021. Link to comment Share on other sites More sharing options...
Jimi Posted June 25, 2021 Report Share Posted June 25, 2021 7 minutes ago, DrStool said: And that's the way it is. Friday, June 25, 2021. Link to comment Share on other sites More sharing options...
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