DrStool Posted August 19, 2022 Report Share Posted August 19, 2022 I don't know what it is, but it's not green like always. On the green background it looks brown. Like the color of... Never mind. The 5 day cycle projection is 4242. 3-5 day cycle oscillators have turned down from around neutral ground. That usually signals a big move. But here we are at the 5 week trendline on the ES, S&P 500 24 hour fuguetures. This should be sport. If they break it, then the bottom of the downtrend channel in that new color is at 4227 as of 5:30 AM in New York, dropping to around 4215 as of the NY close. This is the 2 hour bar look for perspective on the importance of this trendline. If they have an hourly close below -4246.8, that would complete a head and shoulders top pattern with a conventional measured move target of around 4175-80. Zooming in to the hourly, if the pullback holds here, and subsequently breaks the downtrend line at 4275 or so, then they'll probably make another run at 4320-25 today. Ugh. To understand and profit from the big picture check out the following. Has Rule Number One Been Repealed? August 18, 2022 Swing Trade Screens – Buys Overwhelm Sells, It’s Late But One Sector Looks Ready to Roll August 15, 2022 Yikes! August 15, 2022 Mildly Bullish Outlook for Gold Holds August 13, 2022 “As Good as It Gets” Was Good While It Lasted August 6, 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 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...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 3 hours ago, DrStool said: If they have an hourly close below -4246.8, that would complete a head and shoulders top pattern with a conventional measured move target of around 4175-80. Done. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 Undone. Link to comment Share on other sites More sharing options...
fxfox Posted August 19, 2022 Report Share Posted August 19, 2022 Poopwell will speak next Friday in Jackson Hole. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 Poopwell in Jackson Hole? Link to comment Share on other sites More sharing options...
fxfox Posted August 19, 2022 Report Share Posted August 19, 2022 Momo crash. Tide has turned. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 This seems positive. Link to comment Share on other sites More sharing options...
fxfox Posted August 19, 2022 Report Share Posted August 19, 2022 https://fortune.com/2022/08/18/jake-freeman-usc-student-netted-110-million-dollars-in-bed-bath-beyond-stock-dump/amp/ Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 Myg-wd. The S&P is down almost 90 points in 3 days. Oh the humanity. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 4220 Hammer Time. Technical Trader Lee Adler’s proprietary cycle analysis with market trend and position ideas for investors and weekly individual stock swing trade ideas for traders. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 Lately BTC leads. It was the tell. 2 hour bars with ES overlay. Technical Trader Lee Adler’s proprietary cycle analysis with market trend and position ideas for investors and weekly individual stock swing trade ideas for traders. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
fxfox Posted August 19, 2022 Report Share Posted August 19, 2022 1 minute ago, DrStool said: 4220 Hammer Time. Or falling out of the bed and waking up at 4190 time Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 To make it interesting, they actually broke yesterday's red channel at the end. So I widened and tilted it just a hair and vwalalala. lo lo lo. Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 It's Jackie Gleeson Time on the 10 year yield. Liquidity Trader- Money Trends How Fed and Treasury policy, Primary Dealers, real time Federal tax collections, foreign central banks, US banking system, and other factors that affect market liquidity, interact to drive the financial markets. Focus on trend direction of US bonds and stocks. Resulting market strategy and tactical ideas. 4-5 in depth reports each month. Click here to subscribe. 90 day risk free trial! Link to comment Share on other sites More sharing options...
DrStool Posted August 19, 2022 Author Report Share Posted August 19, 2022 Market rates keep running away from the Fed. Fed can't keep up. Has Rule Number One Been Repealed? Link to comment Share on other sites More sharing options...
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