DrStool Posted December 6, 2021 Report Share Posted December 6, 2021 There's just too much overhead. The indicators don't set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don't clear that, bears have the ball. If they clear it, bulls maintain possession, but the goal line is at 4607. No touchdown and victory celebration for them without crossing that. More later! Meanwhile, the big picture. What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens Here’s Why Truncated 6 and 12 Month Cycles Are Scary Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast Here’s What to Key on With Gold on the Brink of Failure Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens 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 More sharing options...
Jorma Posted December 6, 2021 Report Share Posted December 6, 2021 It's worth noting that I saw a well produced ad on TV staring Tom Brady yesterday for some platform to trade Crypto online with a phone. Great idea. Much better than sports betting as the game is always on. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 Interesting setup. The 5 day cycle low seems to have been late Thursday. This could be the high. The 5 day cycle projection may have been 4605, already hit. Or it could be as high as 4620. Watch for a rollover here at resistance. If not, then more upside ahead. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 Working on a possible failed breakout. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 If they clear 4590, next stop 4605. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 Well, this isn't what we wanted. Now indubitably bullish. The base breakout measures to 4700. Bears last hope, 4620. Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 5 day cycle projection 4640. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 6, 2021 Report Share Posted December 6, 2021 this is not price stability. Link to comment Share on other sites More sharing options...
Jimi Posted December 6, 2021 Report Share Posted December 6, 2021 26 minutes ago, BurntOnce said: this is not price stability. But it's price action! Link to comment Share on other sites More sharing options...
DrStool Posted December 6, 2021 Author Report Share Posted December 6, 2021 In the end, the 5 day cycle projection pulled back to 4620. Still not quite there. But the indicators are where they topped out on the last few cycles, so we'll see. Link to comment Share on other sites More sharing options...
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