DrStool Posted May 23, 2022 Report Share Posted May 23, 2022 The S&P hourly 24 hour ES fugutures chart seems to have set up a beautiful bullish base. Pass or fail? The answer is 3960. Above that, they'll run it back to 4000, with a measured move objective of 4050-4080. Other than that, it's wait and see for bears. They gotta take out 3905. Then we can talk. For the big picture: Stocks Are Ahead of the Curve May 23, 2022 Market Indicators Show Crash Risk Remains Intact May 22, 2022 Gold Miners Make Short Term Bottom, But Wait, There’s More! May 17, 2022 Buys Beat Shorts Again in This Week’s Swing Trade Screens May 16, 2022 Dealer Positions Show It’s Not Getting Better and It Should Get Worse May 15, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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 May 23, 2022 Report Share Posted May 23, 2022 It doesn't mean much but Ye Olde US Dollar isn't looking so good. Link to comment Share on other sites More sharing options...
DrStool Posted May 23, 2022 Author Report Share Posted May 23, 2022 Momento de trutho here. Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 23, 2022 Report Share Posted May 23, 2022 Edited for Content. TCG Link to comment Share on other sites More sharing options...
DrStool Posted May 23, 2022 Author Report Share Posted May 23, 2022 5 hours ago, DrStool said: The answer is 3960. Above that, they'll run it back to 4000, with a measured move objective of 4050-4080. Still true. Link to comment Share on other sites More sharing options...
DrStool Posted May 23, 2022 Author Report Share Posted May 23, 2022 Then of course there's always the possibility that everything I say today will turn to shit. 😱😄😄😄 Link to comment Share on other sites More sharing options...
DrStool Posted May 23, 2022 Author Report Share Posted May 23, 2022 Quote This week we start with 11 picks including the 2 new ones. 8 of the 11 picks are longs. One of the shorts hit the trailing stop. The other two are doing fine with gains of 28% and 33% and trailing stops coming down each day. The 8 longs are doing well, particularly the 6 energy longs that started popping up in the screens two weeks ago. They're starting to pay. Even Steven in This Week’s Swing Trade Screens Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 23, 2022 Report Share Posted May 23, 2022 Edited for content. TCG Link to comment Share on other sites More sharing options...
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