Jump to content

4517-4544 9/2/21

Rate this topic


Recommended Posts

Those are the numbers to watch as the ES S&P futures toy with the trendline that forms the upper line of the megaphone pattern that we've been shouting about for the past month. Inside that range is noise. Breaking the range should give us a little move.

To understand the very short term that we focus on here at the Stool, here's some perspective on the trend since July via 4 hour bars. Really a thing of bee you tay. 

tvc_980269dcff229ae9106126b05dda17fe.png

 

Here's our usual look at the hourly bars. The ES is currently trading dead center of the range at 7 AM in Noo Yawk. A 5 day cycle low is ideally under way, and the hourly oscillators are on the buy side. But it won't mean a thing if they don't get that swing through 4544. 

tvc_a5907e66ed894b9f16be1e5e6abf6ddd.png

And for your longer term listening and dining pleasure:

Chart Picks – 8 New Picks From Last Week’s Swing Trade Screens

Here are the Keys to More Upside as Cycles Get Back In Sync

QE Still = 100% of Treasury Issuance, But Coming Change = Crash

 

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

  • Replies 8
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Just got back from shopping. It's only a matter of time now. That slightly higher high early is a signal that this is heading for another breakout. Vat elze iz noo?

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...