DrStool Posted August 24, 2021 Report Share Posted August 24, 2021 A couple of the S&P futures guys in Europe got a little nosebleed as the ES futures approached 4500 overnight. Late yesterday, I observed that megaphones were back in style on the charts, and that 4500 was a given. Earlier I updated the 5 day cycle projection to 4487, and then to 4520 at 12:45 ET. That still looks like the target, despite this little swoon. I also pointed out that the base breakout had a conventional measured move target of 4600. But not today. At least, I don't think today. And now for your longer term listening and dining pleasure: Chart Picks – 4 New Picks From Friday’s Swing Trade Screen Here are the Keys as the Trend is Intact, But on Edge Despite the Rally, Primary Dealers Are Still At Risk If you are a new visitor to the Stool, 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 August 24, 2021 Author Report Share Posted August 24, 2021 Numbers to watch in the early going are 4486 and 4478. If they hold, we should see a breakout in the early going in New York. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2021 Author Report Share Posted August 24, 2021 The projection of 4520 is holding as the futures approach trend support by moving sideways. That's usually bullish. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2021 Author Report Share Posted August 24, 2021 Nice touch and go off sport to start regular trading in New Yort. Link to comment Share on other sites More sharing options...
Jimi Posted August 24, 2021 Report Share Posted August 24, 2021 I see dinosaurs. Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2021 Author Report Share Posted August 24, 2021 That too. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 24, 2021 Report Share Posted August 24, 2021 3 hours ago, Jimi said: I see dinosaurs. Me 2 Link to comment Share on other sites More sharing options...
Mkucstars Posted August 24, 2021 Report Share Posted August 24, 2021 Oh my now I see them too... lol Link to comment Share on other sites More sharing options...
Mkucstars Posted August 24, 2021 Report Share Posted August 24, 2021 More like a brontosaurus on a little longer chart Link to comment Share on other sites More sharing options...
Jimi Posted August 24, 2021 Report Share Posted August 24, 2021 All-righty then. Who doesn't love the Rolling Stones? Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2021 Author Report Share Posted August 24, 2021 They're waiting for word's from Powell's Jackson Hole. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 24, 2021 Report Share Posted August 24, 2021 9 minutes ago, Jimi said: All-righty then. Who doesn't love the Rolling Stones? for some reason I watched Free Jack last night........M Jagger maybe the FED - J Hole Powell is plugged in to the "spiritual switch board" >: the song Sparks Will FLy is/was playing on my Interent radio channel https://1radio.ca/just-classic-rock/ Link to comment Share on other sites More sharing options...
DrStool Posted August 24, 2021 Author Report Share Posted August 24, 2021 Is the market dull, or is it just me? Link to comment Share on other sites More sharing options...
No Einstein Posted August 24, 2021 Report Share Posted August 24, 2021 22 minutes ago, DrStool said: Is the market dull, or is it just me? YES Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 24, 2021 Report Share Posted August 24, 2021 Boring, I just poured a Guiness in a glass Link to comment Share on other sites More sharing options...
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