DrStool Posted April 20, 2022 Report Share Posted April 20, 2022 I don't want to scare my fellow bears, but this the pattern on the ES S&P 24 hour futures chart is still bullish... Potentially. That is, unless and until it posts an hourly close below 4434. Until then, for day traders and other short term oriented loons, it's probably best to keep the short powder dry. The other thing to worry about is that an hourly close above 4470.2 would have a conventional measured move implication of 4580. First they'd need to cross trend and level resistance around 4475-80. If they clear. I think that getting out of that obvious base pattern would give them the impetus to enable that. Now, of course an upside breakout isn't guaranteed, so here's what to look for on the downside. First, they'd need to have that hourly close below 4434. Then, they'd need to break the 3 day cycle sport line, which will be around 4430 as of the NY open. If that happens, bears have a chance. But I still don't like the odds for the next 4 weeks. Keep in mind that liquidity is currently very, very bullish. And that liquidity sure as hell ain't flowing into bonds. The big picture: Swing Trade Chart Pick Screens Flip to Buy SideApril 18, 2022 The Dow, Macro Liquidity, and the Fate of Russian Generals April 18, 2022 Stocks Are Not Breaking Bad April 16, 2022 Sell Gold in May and Go Away? April 19, 2022 Primary Dealers Still Long and Wrong, But A Gift Rally Looms! April 11, 2022 Why March Withholding Taxes Showing Red Hot Economy Is Bearish April 3, 2022 Fragile and Dangerous Semi Blind Spot March 28, 2022 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...
BurntOnce Posted April 20, 2022 Report Share Posted April 20, 2022 They're shutting it down! An "Emergency" Cease and Desist Order Sent to Verizon The Pittsfield Massachusetts City Board of Health sent a Emergency “Cease & Desist” order to Verizon “to protect the public health” after over a year of research investigating the numerous reports of physical health issues by families living in the neighborhood near the tower after the tower became operational in 2020. The order has been received and a copy to be released to the public. The symptoms described by City of Pittsfield’s residents are often referred to in the scientific and medical literature as “electrosensitivity.” The record evidence shows that exposureto pulsed and modulated RFR within the emission limits authorized by the FCC can cause the symptoms, injuries, and mechanisms of harm associated with electrosensitivity and exhibited by the residents near the facility. Pittsfield-Health-Board-Cell-Tower-Order-to-Verizon-April-11-2022-FINAL-REDACTED.pdfPittsfield-Health-Board-Cell-Tower-Order-to-Verizon-April-11-2022-FINAL-REDACTED.pdf Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2022 Author Report Share Posted April 20, 2022 5 day cycle projection 4520 Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2022 Author Report Share Posted April 20, 2022 There's always a trendline somewhar. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2022 Report Share Posted April 20, 2022 Looking at the Bond Mercado Is there a sweet spot? (3%-4% vs 2YR-10YR) or is it wait and see until the May/June Fed meetings? >: or does it all blow up Summer/Fall Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2022 Report Share Posted April 20, 2022 Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2022 Report Share Posted April 20, 2022 The Bond Mercado is so crooked..... when it pulls the wool over your eyes...... it is 50% synthetic fiber Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2022 Report Share Posted April 20, 2022 And Just think......3 weeks ago...... Chelsea vs. Arsenal (1:45 CST) would be a big A$$ match (#3 vs. #4 EPL) (Champions League implication$$$$$$) but, Arsenal on a 3 week losing streak and they are looking like NFLX. and are an also ran without a huge turn around........ For the rich: The Kronkes (owners Aresenal, LA Rams, et al) still have that LA Ram Super Bowl win and that new big A$$ tax payer stadium in LA. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2022 Author Report Share Posted April 20, 2022 Looking like another breakout failure. I've been so into the market today that I spent all day designing my kitchen reno. Link to comment Share on other sites More sharing options...
DrStool Posted April 20, 2022 Author Report Share Posted April 20, 2022 A schmuck of all trades. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 20, 2022 Report Share Posted April 20, 2022 Arsenal Win UFB (last 4 games) 1 W vs Chealse 4-2 last 3 games against "the pack" (Mid table fodder) 6-1 goal diff. against (all losses against weak teams) Arteta keeps his job Link to comment Share on other sites More sharing options...
The CoinGuy Posted April 20, 2022 Report Share Posted April 20, 2022 The top of what will later be hailed as the greatest bear market in history...and no one showed up. Smile... We're coming out of the April 18-20 window, don't let the market lull you to sleep. Not many seats left on the downtown bus and it's about to accelerate. Personally speaking...I was strapped in by March 29th so I've got the front row. My large fin requires it. Gold? Bitcoin? I don't know...I felt a couple of thumps as we took off from the last stop. Best Regards, The CoinGuy oh...and... MK...I read that response. No offense intended? I'll accept that. Take care. Link to comment Share on other sites More sharing options...
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