Jump to content

Here's Why Bears Are Screwed Today 12/1/21

Rate this topic

Recommended Posts

The ES S&P 500 fugutures made a new low yesterday, but it was not confirmed by lower lows in hourly oscillators. Now, here we are, off to the races again, overnight and in the pre market his morning. The 5 day cycle projection is 4675-80.

At this point. It could change. 

To get there, the market would need to clear multiple resistance lines. The first, and most important of those, is the old Maginot line at 4635. If it clears that, there are more lines every 5-15 points or so, up to the level of the projection. 

The positive divergence in the hourly oscillators was not impressive. I don't think that this has the juice to get the S&P to that projection. If it rolls over below 4655, the widest downtrend channel would still be in farce. 


More later! Meanwhile, the big picture. 

Here’s What to Key on With Gold on the Brink of Failure

Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens 

Market Variant Not As Bad As It Looks

When the Fed Balance Sheet Will Hit the Fan

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

  • Replies 11
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

I went to the downtown shopping mall to get my adapter earlier today. The clerk at the service desk was surprisingly helpful. I found the universal adapter that works and we are back in business. 

Link to comment
Share on other sites

1 hour ago, Jimi said:
2 hours ago, DrStool said:

Gdańsk is an absolute boomtown. Apartments are under construction everywhere. 

Where you going to settle for winter?

This is a good question. I'm supposed to hear about my Polish residence permit application on December 6. Assuming that it's granted I will immediately apply for a French long-term stay Visa at the French embassy in Warsaw. That will take 2 months but I will go to France first for at least a month maybe more. Then I'll come back here to Warsaw and pick up the visa and go there for good. 

If the Polish residence permit is not issued, then I will go back to Croatia and start the whole process over again. In any case the goal is to end up in the south of France, in Nice. I want to buy an apartment there. And I also want to buy an apartment in Malaga, Spain. 

That's the plan. Of course that has been the plan for the last 3 years or so, but Mike Tyson keeps punching me in the face. 


Link to comment
Share on other sites

And after all is said and done, I would like to spend the summer in Gdansk! 

The weather in Poland in November is shit. Absolute shit. I hear that December is better, colder but drier, but seeing will be believing. 

And the darkness at 3:30 p.m. doesn't help either. 😬😩


Link to comment
Share on other sites

And we end with the 5 day cycle projection looking like 4430. 

I'll be behind the wheel again tomorrow, and will be traveling through long distances without good coverage. But I'll certainly try to make contact before the open.  The overnight session should be interesting. I think Mike Tyson just punched Wall Street in the face. 


Link to comment
Share on other sites

This topic is now closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...