DrStool Posted August 8, 2022 Report Share Posted August 8, 2022 Well, it's hard to believe, but the 2 hour bar chart on the ES, S&P 24 hour fugutures suggests that we're going up for a couple more days. Seems there's a nice little cycle running 8-10 trading days that has just turned up again, with the market attacking resistance here in the pre market. Zooming in to the usual hourly view, you can see that the market has edged above the August 4 high. It's not a breakout yet, but it is a tell. The 2-3 day cycle projection is 4195. To understand and profit from the big picture check out the following. Fasten Your Seatbelts – Updated Cycle Projections Are Shocking August 8, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 2022 Upon Further Review Gold Bottom Call Stands August 5, 2022 Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022 Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022 Swing Trade Screens – We Had Longs, Yay! But… August 1, 2022 The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 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 August 8, 2022 Report Share Posted August 8, 2022 Parties not over. We're going to party like it's 1999. Link to comment Share on other sites More sharing options...
potatohead Posted August 8, 2022 Report Share Posted August 8, 2022 All I heard over the weekend is buy bonds, especially Zero coupon. Doesn't anyone realize between the inflation reduction act and massive debt coming to market this should create more supply not less? Link to comment Share on other sites More sharing options...
Mkucstars Posted August 8, 2022 Report Share Posted August 8, 2022 Till CPI comes out I guess. Get it while it's hot. Link to comment Share on other sites More sharing options...
Mkucstars Posted August 8, 2022 Report Share Posted August 8, 2022 Someone has to get left holding the bag. Link to comment Share on other sites More sharing options...
Mkucstars Posted August 8, 2022 Report Share Posted August 8, 2022 Small caps are unreal. Waiting and watching, wondering how many will go bankrupt when they can't roll the debt. Link to comment Share on other sites More sharing options...
BreakOut Posted August 8, 2022 Report Share Posted August 8, 2022 11 minutes ago, Mkucstars said: Someone has to get left holding the bag. Eureka! That explains it - this is a Bagholder Exchange Rally. Link to comment Share on other sites More sharing options...
fxfox Posted August 8, 2022 Report Share Posted August 8, 2022 We need that foto of that B52 bombing upwards. They buy the whole crap: ARKK47 Plug Power Fuel Cell Energy and best of all: Gamestop breaks out of a multi-month bullsih wedge 😄😄😄 Gotta stay below the 50 fibo on a weekly closing basis, otherwise... Link to comment Share on other sites More sharing options...
fxfox Posted August 8, 2022 Report Share Posted August 8, 2022 Suckem in and shotem up Link to comment Share on other sites More sharing options...
DrStool Posted August 8, 2022 Author Report Share Posted August 8, 2022 Need to break 4130 to by opposing end this. Link to comment Share on other sites More sharing options...
DrStool Posted August 8, 2022 Author Report Share Posted August 8, 2022 Does anyone here live in a place whose name rhymes with Doritos? Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 8, 2022 Report Share Posted August 8, 2022 SPX: You know the score, the window is open until midnight tomorrow(CST)...above 4160 and I'm working my magic. GLD: A $1000 haircut doesn't come in a day...it takes time. As stated...will comment at 130 in the GLD, not before. When 160 falls, 130 is confirmed. I'd imagine that will be starting quite soon. In fact...I know it will. TCG Link to comment Share on other sites More sharing options...
fxfox Posted August 8, 2022 Report Share Posted August 8, 2022 The power of Bill auctions 😂 Link to comment Share on other sites More sharing options...
DrStool Posted August 8, 2022 Author Report Share Posted August 8, 2022 I think that the settlement has more influence than the auction. Not consistently, but often. Watch, the RRPs. If they come down, that could be the slush fund effect that I've been watching for, for the past year but hasn't happened yet. Link to comment Share on other sites More sharing options...
fxfox Posted August 8, 2022 Report Share Posted August 8, 2022 44 minutes ago, DrStool said: I think that the settlement has more influence than the auction. Not consistently, but often. Watch, the RRPs. If they come down, that could be the slush fund effect that I've been watching for, for the past year but hasn't happened yet. Is settlement date the auction plus 2 days? You mean Reverse Repos would be reduced, than they stuff the proceedings into the slush fund and if needed pump it into the market as liqui? Link to comment Share on other sites More sharing options...
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