DrStool Posted November 26, 2021 Report Share Posted November 26, 2021 Is this a stick a fork in it moment. The S&P fugutures (ES) say "Maybe." Big help, I know. Just another mealy mouthed, double talking, forked tongue Wall Street con artist. But let me say this about that. I am not a crook. I've... earned... everything I've got. Which is nothing. Now, I'll also say this. If this selloff sticks around for 3 hours, we'll have a huge downside gap on the S&P. If that sticks all day and the S&P closes below 4649, it would be a breakaway gap from a huge top on the hourly chart. The conventional measured move target would be 4530. Regardless of that, the 5 day cycle projection is currently 4600, which has already been hit in the overnight session. Ordinarily, that would at least be tested. If it's broken, oh boy. Fed would probably announce emergency QE on Sunday night. MUAHAHAHAHAHAHA! MUAHAHAHAHAHAHA! Or this could be just another BTFD moment. That would be indicated if the S&P finishes the day above 4649. Then they're gonna bounce around for awhile. As you can see, we have a little crash channel working. The market needs to clear 4625 at 7 AM to break it. At 9 AM, it would only need to get past 4600. Its downslope is around 25 points every two hours. So as of the usual 10:30 turn time any price above 4587 after that time would break the channel. Finally something to get excited about. Of course, nobody is here to see it. A stealth crash opportunity if there ever was one. Just imagine the chaos on Monday if this sticks. Looks like I got a few things right in the last few Liquidity Trader reports. Czesc and do zobaczenia! Reason to Stay Optimistic on Gold 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 26, 2021 Author Report Share Posted November 26, 2021 Buttcoin (BTC) blew a gasket. New 4 month cycle projection 47,000. Low of that cycle due now. 18 month cycle projection drops from 97,000 to 73,000. Might come down to level already hit, indicating major top. Trend support 52-53k over the next week. If broken, 47k would be a piece of cake. Once again, the 10 year yield is moving in tandem with BTC. Crushed. Do I think this Treasury buying panic is another selling opportunity? Yes. Yes I do. But first, another date with 1.40. Moron that outlook here. Finally, the Gyro, aka the EUR/USD. Bouncing off support around 1.115. 1 year cycle projection now a range of 1.0950-1.11. They should pussyfoot into an intermediate low around here. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 They broke the crash channel. Here's what that means. They broke the crash channel. That's about it. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 Bears may see a thousand points of light on the Dow this morning. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 Check out the 5 hour bars on the ES fugutures. If they don't get above 4630, they have achieved nothing. Clear 4630, then we can talk, bull. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 At the close. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 Which is 1 PM today, in case you forgot. Link to comment Share on other sites More sharing options...
potatohead Posted November 26, 2021 Report Share Posted November 26, 2021 Usually this board comes alive on market drops. This could get really scary if crypto begins to unwind. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 Everybody is at the local K Mart for the Black Friday Blue Light Specials. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 26, 2021 Report Share Posted November 26, 2021 Black-Eye Friday.......... More Tapering ---- -->A lot of Tapering looking less likely Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 3 hours ago, DrStool said: Regardless of that, the 5 day cycle projection is currently 4600, which has already been hit in the overnight session. Ordinarily, that would at least be tested. If it's broken, oh boy. Fed would probably announce emergency QE on Sunday night. MUAHAHAHAHAHAHA! MUAHAHAHAHAHAHA! There's that. Link to comment Share on other sites More sharing options...
Mkucstars Posted November 26, 2021 Report Share Posted November 26, 2021 I'm here, won't catch me shopping on a black Friday but I did stock up on dog food at 40% off yesterday... gotta love Chewy! Free delivery to my front door? Yes please! LOL Bought the dip S&P down 2%... out before close, just a day trade. Miners holding up pretty well, bought GOLD at Wednesday's low, ex dividend on Monday Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 5 day cycle projection now looks 4550. Link to comment Share on other sites More sharing options...
Jorma Posted November 26, 2021 Report Share Posted November 26, 2021 If TNX had jumped to 1.8 we would have something. Link to comment Share on other sites More sharing options...
DrStool Posted November 26, 2021 Author Report Share Posted November 26, 2021 5 minutes ago, Jorma said: If TNX had jumped to 1.8 we would have something. Don't worry. It will. Link to comment Share on other sites More sharing options...
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