DrStool Posted November 1, 2021 Report Share Posted November 1, 2021 If you did not know, now you do. I use the 4 hour bar chart of the ES, S&P 500 fucutures to illustrate. What was one resistance is not a sport level. We downshit to 1 hour bars as usual. It shows that the 5 day cycle projection is around 4650. That's also where trend resistance lies around mid day in New York. This is just the intraday look. For more: Stock Pause That Refreshes Swing Trade Screens Yield More Sells than Buys Again Gold Report Glitch Get the big picture in your inbox every weekend. Get your regular updates on all things monetary, and what that means for stonks. It Only Takes One House Fire to Start a Conflagration Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 If they can hold the line at 4625, bears would at least have a shot. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 All's quiet on Crypton. Buttcoin is consolidating nicely, in preparation for the next squeeze to ignite a pop. The bullish pattern remains in consolidation headed for cycle projections of 71,000 and 91,000 and a classical measured move target of 100,000. While the supplies of certain brands of cryptonite are limited, the barriers to entry of new coins are low. There are constantly new coins coming. The supply of cryptonite coins is unlimited. Demand will not be unlimited. We'll get to a point where the balance shifts, and that will be that. We're not there yet. I wrote last week that I assume that BTC and the 10 Year Treasury Yield will break out around the same time. Although it seems that BTC leads by a few days or a couple of weeks. Suggests that some big people, very big people, the biggest, are using BTC to hedge their long Treasury net cash positions. On which they are getting slaughtered. Good for them they have many more toys in their toy boxes. Not so good, Lord Jaysus is about to cut their allowance. The measured move target on the 10 year would be 2.25. Won't that be interesting. Here's some background. It Only Takes One House Fire to Start a Conflagration Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 The knockdown on the open brings the 5 day cycle projection back to 4625, done. We have a battle on our hands now. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 Return to the Maginot Line. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 Went to standard time here this weekend. It's 3:47 PM and the fucking sun is starting to set already. Yuk. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 It will be dark by 4:30. Link to comment Share on other sites More sharing options...
Jimi Posted November 1, 2021 Report Share Posted November 1, 2021 26 minutes ago, DrStool said: It will be dark by 4:30. The worst. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 It's only November 1. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 Dark thirty. On Dec 21, it will be 3:30. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 3:25 PM Tuesday, December 21, 2021 (GMT+1) Sunset in Warsaw, Poland Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 I thought Shawinigan was bad. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 An hourly bar ending below 4597 could burst the dam. Link to comment Share on other sites More sharing options...
Jorma Posted November 1, 2021 Report Share Posted November 1, 2021 Actually nothing happened to the Maginot Line. The Germans just went around it. If there is a metaphor there I haven't found it yet. Link to comment Share on other sites More sharing options...
DrStool Posted November 1, 2021 Author Report Share Posted November 1, 2021 Link to comment Share on other sites More sharing options...
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