DrStool Posted November 22, 2021 Report Share Posted November 22, 2021 This market is making me feel so sleepy, it's like I already ate the turkey. I got nothin. Sorry. An Explosion of Sell Signals in Swing Trade Screens Underweighting the Negative Signs Beware- Debt Ceiling Uncertainty Darkens the Outlook 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 November 22, 2021 Author Report Share Posted November 22, 2021 Buttcoin is kind of interesting today. Not. Looks like it's consolidating before breakout heading for 100k. Stay tuned. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 10 year Treasury Yield still holding on to that uptrend despite the limitation in supply imposed by the debt ceiling. Isn't it interesting how the 10 year Treasury yield and BTC continue to mimic each other. I have no doubt that both will break out topside. Beware- Debt Ceiling Uncertainty Darkens the Outlook Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 The EUR is getting crushed. Heading for 1 year cycle projection of 109.50. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 I haven't seen the excuse for this pop. Somebody clue me in. 😁 Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 Ah, because Biden reappointed Powell, the criminal mastermind. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 The Powell Pop. 5 day cycle projection 4735. Link to comment Share on other sites More sharing options...
Mkucstars Posted November 22, 2021 Report Share Posted November 22, 2021 Fed governors must have loaded up on futures assuming they were the first to know. Let the corruption continue! Link to comment Share on other sites More sharing options...
potatohead Posted November 22, 2021 Report Share Posted November 22, 2021 21 minutes ago, DrStool said: The Powell Pop. 5 day cycle projection 4735. The Powell poop Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 22, 2021 Report Share Posted November 22, 2021 30M NQ has been trading inside of the same channel since 11/11, and it just touched both the top and bottom of the channel within a few bars. Wow. Pierced the lower red channel line but closed the last bar above it on last bar. Now let's see whether we close below the lower red channel line in next bar or two or if we bounce back up and stay in the channel. Link to comment Share on other sites More sharing options...
DrStool Posted November 22, 2021 Author Report Share Posted November 22, 2021 54 minutes ago, potatohead said: The Powell poop Quintessentially, sell the news. Link to comment Share on other sites More sharing options...
Jorma Posted November 22, 2021 Report Share Posted November 22, 2021 I'm so sorry Dr. I am sure you are bitterly disappointed not to have been named Fed Chairman. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 22, 2021 Report Share Posted November 22, 2021 5 minutes ago, Jorma said: I'm so sorry Dr. I am sure you are bitterly disappointed not to have been named Fed Chairman. He did also did not get appointed Vice-Chair........ That went to Brainard........ Which gives us...................Pinky and the Brain Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 22, 2021 Report Share Posted November 22, 2021 This morning's high to low in NQ was a 312.25 point decline. A standard Murrey Math trading frame is 156 points. Because Murrey Math is fartcall in nature, the decline was 2-156 point trading frames, 1-312 point trading frame, .5-625 point trading frame, and so on. Then, on the first rebound attempt, we went to 16,561, which was just one point shy of the 4/8 line in the current trading frame of 625 points (78 points between each 1/8 line). Frames within frames. Even after all these years, I still marvel at the precision of the markets. Waiting to see whether we get a retest, or if we continue to carve out higher lows. Other than that, I got nothin'. Link to comment Share on other sites More sharing options...
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