DrStool Posted January 13, 2022 Report Share Posted January 13, 2022 I'm talking about the EUR/USD. Wow. Beautiful breakout. Not what your US earning, European living correspondent wants to see. Hopefully, just a bear market rally return to the scene of the crime. A normal retracement to the breakdown area of 1.16. Hopefully. Because I ain't hedged for much more than that. Now on to our usual day trading the S&P stuff. The 5 day cycle is in a down phase but moving sideways, which is usually a bullish setup. It needs to break below 4716 and then 4710 for it to be a bendover pattern. AKA the Gym Jordan Sandusky pattern. Failing that, I remind you that the conventional measured move target of the breakout from the bottom pattern is 4830. And now, without further adoodoo, I bid you a plus tard. I go to the French Embassy about a km from my apartment to pick up my long term stay visa for France. I'm leaving Warsaw at the end of the month to head for what I plan to be permanent residence in Nice, France! From there, warm weather travel only! 😊 Chowski! No Mercy Don’t Be Surprised, or Fooled, By a Rigor Mortis Rally Breakout Under Way! What the Signs of Emerging Gold Would Be Wheels Are Moving in Slow Motion for the Top 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 January 13, 2022 Report Share Posted January 13, 2022 Are there sharks in the Mediterranean. Near Nice? I'm feeling like cuing up Jaws for some reason. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 I have my French long stay visa and residence permit in hand. I'm a resident. I'm a legal resident, An American in Nice France. Now, I gotta book a flight. Jan 31. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 3 hours ago, DrStool said: It needs to break below 4716 and then 4710 for it to be a bendover pattern. AKA the Gym Jordan Sandusky pattern. Still valid. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 BOOM! Link to comment Share on other sites More sharing options...
BreakOut Posted January 13, 2022 Report Share Posted January 13, 2022 Le spectacle est fini. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 After a T-bill paydown of $41 billion today, net new issuance upcoming over the next week totals $97 billion, on top of $39 billion in coupon issuance. Now, that's around January 15. What happens on Jan 15 (17 this year)? That's right, estimated taxes are due and the Treasury gets a big fat tax collection bulge that usually enables it to pay down some debt for a few weeks, goosing the markets. Not now. Link to comment Share on other sites More sharing options...
BurntOnce Posted January 13, 2022 Report Share Posted January 13, 2022 congrats doc. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 https://twitter.com/Lee_Adler/with_replies Link to comment Share on other sites More sharing options...
Jimi Posted January 13, 2022 Report Share Posted January 13, 2022 Market's funny. Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 https://twitter.com/Lee_Adler/with_replies Link to comment Share on other sites More sharing options...
DrStool Posted January 13, 2022 Author Report Share Posted January 13, 2022 Link to comment Share on other sites More sharing options...
Jimi Posted January 13, 2022 Report Share Posted January 13, 2022 We are so fooked. The wretched Fed observes proudly the painted floor from the corner whence it cannot advance. Link to comment Share on other sites More sharing options...
Jorma Posted January 13, 2022 Report Share Posted January 13, 2022 So apparently nobody warned the French. Link to comment Share on other sites More sharing options...
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