DrStool Posted June 27, 2022 Report Share Posted June 27, 2022 The bulls still have running room. The 5 day cycle projection on the 24 hour ES S&P fuguetures hourly chart is now 3980-3990. But there appears to also be significant resistance at 3955. We'll have to wait and see if they clear that. If they do, the drive to 3985 will be on. At that point the round number magnet comes into play. Even if they stumble at 3955, they would still need to take out 3920 and 3890 to get anything going on the downside. The odds of that happening today are low. I'll start with the 2 hour bar chart for perspective. The base breakout has a conventional measured move target of 3980, matching the 5 day cycle projection. Here's the hourly bars look. Follow how pre-determined and known liquidity flows drive stock and bond prices here . I will show you and tell you exactly how the major forces of macro liquidity move not just the bond market, but stocks as well. Liquidity analysis sets the context for technical analysis. It helps us to narrow the focus of our chart reading to the outcomes that are most likely, given the circumstances. To better understand the big picture right now so that you can take the correct action when the time is right, check out the following: Bulls Have Hope This Week, Bears Wary of Pump June 27, 2022 The Spike Is Here, So Here’s What to Expect June 26, 2022 We Knew QT Would Be Devastating, But You Ain’t Seen Nothing Yet June 21, 2022 Is There Life on Mars, or in the Precious Metals? June 22, 2022 Dealers Assume the Position, as 75 BPs Coming Wednesday June 13, 2022 The US Economy, Including Jobs, Collapsed in May June 2, 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...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 BTC lagging stocks but on the cusp of a short term buy signal. Link to comment Share on other sites More sharing options...
fxfox Posted June 27, 2022 Report Share Posted June 27, 2022 Hoof Hearted? Link to comment Share on other sites More sharing options...
fxfox Posted June 27, 2022 Report Share Posted June 27, 2022 Wedge breakdown in the 1 Hour Buttcoin chart? Link to comment Share on other sites More sharing options...
fxfox Posted June 27, 2022 Report Share Posted June 27, 2022 Doc‘s latest speach to the Stoolboard: Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 To the band and boing. Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 5 hours ago, DrStool said: BTC lagging stocks but on the cusp of a short term buy signal. Still cusping out. It's a cusp squeeze. Turtling. Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 Zooming in on the cusp squeeze. Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 If they don't drop under 3900 this afternoon, the 5 day cycle projection will be 4000. If they do drop below 3900, then the 5 day cycle is turning down. But it may only go sideways for a day or two before a new up phase. Link to comment Share on other sites More sharing options...
fxfox Posted June 27, 2022 Report Share Posted June 27, 2022 Would Sir Prize me a lot, if they would not try to safe the quarter/ half year at least somewhat at almost any cost and then create that warm and fuzzy feeling above 4k for the 4th of July. Link to comment Share on other sites More sharing options...
Jimi Posted June 27, 2022 Report Share Posted June 27, 2022 I miss vacation….. Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 4 minutes ago, Jimi said: I miss vacation….. Croatian Vacation. Chevy Chase movie. Link to comment Share on other sites More sharing options...
DrStool Posted June 27, 2022 Author Report Share Posted June 27, 2022 Just now, DrStool said: Croatian Vacation. Chevy Chase movie. I'm sure you were shocked by the prices. Link to comment Share on other sites More sharing options...
MisFit Kid Posted June 27, 2022 Report Share Posted June 27, 2022 2 hours ago, DrStool said: If they don't drop under 3900 this afternoon, the 5 day cycle projection will be 4000. If they do drop below 3900, then the 5 day cycle is turning down. But it may only go sideways for a day or two before a new up phase. looking at today's 5 minute chart, they must know too...... Link to comment Share on other sites More sharing options...
Jimi Posted June 27, 2022 Report Share Posted June 27, 2022 3 hours ago, DrStool said: If they don't drop under 3900 this afternoon, the 5 day cycle projection will be 4000. If they do drop below 3900, then the 5 day cycle is turning down. But it may only go sideways for a day or two before a new up phase. Gonna pin it on 3900. Link to comment Share on other sites More sharing options...
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