DrStool Posted October 7, 2021 Report Share Posted October 7, 2021 There it is. Bullish. No... wait. Maybe bearish? We'll know today. For starters the 2-3 day cycle projection points to 4420-4445. The 5 day cycle projection also points to 4445. So the projections say, breakout ahead. The key resistance level is 4397. If they clear it, it should be up, up and away from there. If they roll over here, bears have a shot, but only a short one. The main sport levels to watch in the event of a pullback would be 4467 and 4450. As long as those remain unbroken, the day to day trend would still be up. This is just the intraday look. Get the big picture in your inbox every weekend. 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...
Jorma Posted October 7, 2021 Report Share Posted October 7, 2021 The temporary debt ceiling increase puts the wheels in motion. The number isn't worked out yet. Today they say a number will be named. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 There's the breakout. Link to comment Share on other sites More sharing options...
PullMyFinger Posted October 7, 2021 Report Share Posted October 7, 2021 Lee, thank you for the recommendation yesterday about Microsoft Translator. I downloaded it last night and experimented with it a little. Mrs. Finger and I are heading to Mexico next week for awhile, so I'm looking forward to trying it out. Perhaps when I am down there I can start planning a summer trip to Eastern Europe now that I can speak a multitude of computer-aided languages. 🙂 Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 5 day cycle projection now 4490. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 1 hour ago, PullMyFinger said: Lee, thank you for the recommendation yesterday about Microsoft Translator. I downloaded it last night and experimented with it a little. Mrs. Finger and I are heading to Mexico next week for awhile, so I'm looking forward to trying it out. Perhaps when I am down there I can start planning a summer trip to Eastern Europe now that I can speak a multitude of computer-aided languages. 🙂 I date with it. 😂😂😂 Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 Set it on the two sided mode, put it on the table, and seriously, you can have an almost normal real time conversation. Link to comment Share on other sites More sharing options...
Jorma Posted October 7, 2021 Report Share Posted October 7, 2021 We have a number $480bn. By December 3rd I guess. Chump change. Link to comment Share on other sites More sharing options...
potatohead Posted October 7, 2021 Report Share Posted October 7, 2021 How does this guy become a rock legend in the Fintwit space. There has been so many instances where guys like this have been wrong and Lee has nailed it. Yet many of these guys are promoted like gods. Steven Van Metre @MetreSteven Bonds are pricing that the dollar is going to weaken in the future. But if the dollar continues to rally, bond prices are likely to follow the dollar higher. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 Yeah. Wish I got more recognition. Would be fun. But it is what it is. I enjoy what is. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 Basic rithmetic. Fed will reduce QE. ECB will maintain or increase. Bullish for USD. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 5 day cycle projection pulls back to 4430. They got close. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 Booming Tax Revenues, Overheating Risk, and The Real Crisis Starts Now Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2021 Author Report Share Posted October 7, 2021 Still a downtrend. A failed test of this pop high could give us some downside to work with, particularly if the hourly oscillators get into a confirming lower high pattern. Good night and good luck. Link to comment Share on other sites More sharing options...
jp6 Posted October 8, 2021 Report Share Posted October 8, 2021 E wave on #spx is targeting 4435? D Wave 4375 and close the gap? Will E wave complete today or on Monday? Or there is no D wave if #spx takes out 4350 If #SPX close the gap then goes up today means E wave will complete around 4435. Link to comment Share on other sites More sharing options...
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