DrStool Posted October 15, 2021 Report Share Posted October 15, 2021 Yesterday when we left New York for the day the 5 day cycle projection on the ES S&P fucutures was 4460. So far, it has gotten to 4456 as of 11 AM here in central Europe, 5 AM New York Times. They've hit uptrend channel resistance and the hourly oscillators have rolled over, indicating 5 day cycle top formation. We can also see that the fartcal pattern has played out. And we also see the rare, but not unusual long necked brontosaurus formation. But a higher high with a negative divergence in the indicators is still possible. It's the usual pattern. It would be consistent with long necked brontosaurus projectile vomit. Not to mention explosive bear diarrhea. Investing is serious business and it's important to consider all disciplines in our analcystitis. I've sent this post to WSJ, Bloomberg and CNBC with permission to republish. Carry on. I'm heading for my next destination later today. Szczecin was boring. Completely lacking in urban energy. Next stop is the seaside town of Swinoujscie on the Baltic Sea at the German border. I expect it to be very quiet there. I'll spend a few days resting and catching up on Liquidity Trader reports. I'll post a report later today examining the implications of the beginning of renewed Treasury bill issuance and the drawdown of the Fed's RRP slush fund. The time bomb clock has been started. This is just the intraday look. For more: Head and Shoulders Above 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...
DrStool Posted October 15, 2021 Author Report Share Posted October 15, 2021 2-3 day cycle projection still points to 4460. Split the difference and they hit the mid point Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2021 Author Report Share Posted October 15, 2021 Holy cow. Link to comment Share on other sites More sharing options...
Jorma Posted October 15, 2021 Report Share Posted October 15, 2021 So where are the Treasury coupon offerings? Link to comment Share on other sites More sharing options...
PullMyFinger Posted October 15, 2021 Report Share Posted October 15, 2021 Something for everybody last couple o' daze. Heading off to start the weak end early. Feel free to knock 'em down and keep 'em there until next week! Link to comment Share on other sites More sharing options...
MisFit Kid Posted October 15, 2021 Report Share Posted October 15, 2021 Today is classic Flo-Bot Friday......... odd that she decided to start on Wednesday............. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2021 Author Report Share Posted October 15, 2021 Threw me off there MFK. For a minute I thought it was Friday and that I had slept through two days. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2021 Author Report Share Posted October 15, 2021 Wait a minute. It is Friday. Link to comment Share on other sites More sharing options...
DrStool Posted October 15, 2021 Author Report Share Posted October 15, 2021 Cutting edge analysis. Link to comment Share on other sites More sharing options...
Jimbo Posted October 16, 2021 Report Share Posted October 16, 2021 THE BIG COMP So transitory is dead Long live the next FN!!!!! That stands for false narrative The Fed needs to improve its false narrative game It's an international laughing stock!!!! The Fed really needs to have narratives that rate highly on the FNCI Jimbo has an idea Drumroll please: They have a false narrative competition Cash prizes for the best false narrative My entry: "Inflation is contained" Worked for sub prime for quite a while!!!!!!! Link to comment Share on other sites More sharing options...
Jorma Posted October 16, 2021 Report Share Posted October 16, 2021 1 hour ago, Jimbo said: THE BIG COMP The NY Times this week did yeoman work explaining that inflation was the result of supply chain bottlenecks and the fallout of Covid. I actually am just going off headlines but I would be shocked if they mentioned gigantic waves of credit, ie. money, having a thing to do with it. Link to comment Share on other sites More sharing options...
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