DrStool Posted October 19, 2021 Report Share Posted October 19, 2021 That doesn't mean that it will get there, of course, but this is the conventional measured move target of this break of the top of the base on the ES S&P futures. I've shown it here on the 4 hour bar chart. The break is very slight so far, and if they fall back below 4475 then the deal is off, at least for the time being. On the other hand, if they clear 4500 with a bit of momentum, it will be off to the races. The first target would then be trend resistance at 4515 this afternoon in New York. Now let's downshift to the hourly bars. We have a negative divergence going in the hourly oscillators versus the price chart. So maybe, once again, failure is an option, as I thought it might be yesterday. For bears to have any chance of getting anything going on the downside, they really need to take out 4475. Then they'd have a shot at 4447. This is just the intraday look. For more: Bullish Intermediate Term Omens 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 19, 2021 Author Report Share Posted October 19, 2021 What is the meaning of this negative divergence whereof you speak, Father? It is of no meaning my son. I put it there to taunt the pathetic, hopeless bears. MUAAAHAHAHAHAHAHAHA MUAAAHAHAHAHAHAHAHA! 😂🤣😂🤣 Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 It's very weird when I think about the fact that I got all my work done today while on a train crossing northern Poland. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 See my real-time location on Maps: https://maps.app.goo.gl/vUk9TnLs6DXup3aT7 Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 Midway between Copenhagen, Warsaw, and Berlin. Veert. Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 2-3 day cycle projection 4520-25. Link to comment Share on other sites More sharing options...
Jimi Posted October 19, 2021 Report Share Posted October 19, 2021 3 hours ago, DrStool said: What is the meaning of this negative divergence whereof you speak, Father? It is of no meaning my son. I put it there to taunt the pathetic, hopeless bears. MUAAAHAHAHAHAHAHAHA MUAAAHAHAHAHAHAHAHA! 😂🤣😂🤣 You're like Aaron Rodgers down six late in the 4th at Soldier Field facing 3rd & 17.... Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 4 hours ago, DrStool said: 2-3 day cycle projection 4520-25. Now 4530-35 Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 Gotta go. Polish language class, where I will polish my Polish. Gdansk is gorgeouski. Like Amsterdamskiego Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 Another $50 billion in T-bill issuance just announced. Link to comment Share on other sites More sharing options...
potatohead Posted October 19, 2021 Report Share Posted October 19, 2021 1 hour ago, DrStool said: Gotta go. Polish language class, where I will polish my Polish. Gdansk is gorgeouski. Like Amsterdamskiego Please ask your instructor top say the following word 3 times really fast.... Dziewięćsetdziewięćdziesięciodziewięcionarodowościowego ----is the longest Polish word😄 Link to comment Share on other sites More sharing options...
Jorma Posted October 19, 2021 Report Share Posted October 19, 2021 31 minutes ago, DrStool said: Another $50 billion in T-bill issuance just announced. No problem there is still $1.4TN in the slush fund. Link to comment Share on other sites More sharing options...
Jorma Posted October 19, 2021 Report Share Posted October 19, 2021 1 hour ago, DrStool said: Gotta go. Polish language class, where I will polish my Polish. Gdansk is gorgeouski. Like Amsterdamskiego How do you say polish in Polish anyway? Link to comment Share on other sites More sharing options...
DrStool Posted October 19, 2021 Author Report Share Posted October 19, 2021 po Polsku Link to comment Share on other sites More sharing options...
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