DrStool Posted September 29, 2021 Report Share Posted September 29, 2021 The market is rebounding today, with a big jump off the floor, after the bears' in and out rim shot yesterday. They had a shot to win at the buzzer, but couldn't sink it. Bulls got the rebound and are running the floor this morning. If you're into fiber nachos to start your day off right, the 38.2 on the ES fucutures is at 4399. The fitty is at 4415. Chart resistance levels are right where the futures are trading at 4 AM in New York at 4387. After that and a little later there's a resistance cluster around 4305-08 around the time NY opens. Will it get that high? Hourly oscillators are solidly bullish, but it's too soon in the upturn for any cycle projections. I'll look for a 2-3 day cycle projection in a few hours. For the bigger picture see The Ugh Market. 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. Meanwhile, for your longer term infotainment and edification: A Few Good Signs from the Gold Miners, But Not the Metal Rangebound Noisy Signals from Swing Trade Screen The Ugh Market Liquidity Matters, The Fed’s BS Doesn’t Get Ready for the Coming Bond Market Bloodbath When Hope Is Not a Good Thing Useless Banking Indicators Except for One Giant Red Flag Link to comment Share on other sites More sharing options...
jp6 Posted September 29, 2021 Report Share Posted September 29, 2021 Looks like market is doing Window dressing for months end. Link to comment Share on other sites More sharing options...
Jorma Posted September 29, 2021 Report Share Posted September 29, 2021 Previous 7 months green, SPX Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2021 Author Report Share Posted September 29, 2021 My judgment is that the market is going nowhere, and I'm going to my Polish language class. Czesc! Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2021 Author Report Share Posted September 29, 2021 I'm back. Hourly cycle oscillators have edged down along with prices. Sets up a potential positive divergence as the lows are tested or are broken. 5 day cycle projection now 4340. An upturn between 4350-4340 would be a setup for a pop. But if that doesn't hold, they'll see 4320 in a heartbeat and probably lower lows after a bounce. Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2021 Author Report Share Posted September 29, 2021 Bordering on bullish here. Link to comment Share on other sites More sharing options...
Mkucstars Posted September 29, 2021 Report Share Posted September 29, 2021 Week market. Rest of the weak. Let's shut down the government and see what that does! It's good to be short. I got in just as the morning rush rolled over. Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2021 Author Report Share Posted September 29, 2021 Whack a mole. From busy and occasionally beautiful downtown Warsaw - Have a good weak night. View this post on Instagram A post shared by Lee Adler (@200daysineurope) Link to comment Share on other sites More sharing options...
DrStool Posted September 29, 2021 Author Report Share Posted September 29, 2021 View this post on Instagram A post shared by Lee Adler (@200daysineurope) Link to comment Share on other sites More sharing options...
Jimi Posted September 29, 2021 Report Share Posted September 29, 2021 Fall & winter approach, and with them, the seeming interminable gray skies of Central Europe. Enjoy them while you can. Link to comment Share on other sites More sharing options...
jp6 Posted September 30, 2021 Report Share Posted September 30, 2021 19 hours ago, jp6 said: Looks like market is doing Window dressing for months end. This Morning we got that up leg. looks like it's not finished. Most likely it should stop near gap, If it start to fill gap then gap will get filled then another lag down will begin. First target is around 4414 then If it get pass that then 4465 which will close the gap. Link to comment Share on other sites More sharing options...
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