DrStool Posted August 26, 2022 Report Share Posted August 26, 2022 Good morning from Nice France, where it's 2 PM on another warm bright sunny day with just a few high clouds. What else is new? Well, I'm getting a very late start, work wise. And I have much "real" work to do for you, so I will keep this short and come back later. First, thanks to the good sir who subscribed to the Technical Trader https://liquiditytrader.com/index.php/category/technical-market-timing/ yesterday. I hope that you enjoy it and find it profitable. I'm always thrilled and gratified to have a new subscriber on board, especially to the TA stuff, which seems to have more limited appeal than the liquidity work. It shouldn't because the charts are where the trading profits are. Liquidity tells you which way to look and lean, but the TA is the action. Now as for today's pattern on the ES S&P 500 24 hour fugutures, they've been walking it up the stairs, but have no reached a critical infartion point. They held the uptrend persistently, but then ran into the red line where the advance was halted. It also hit a 5 day cycle projection of 4200. Now the hourly cycle oscillators have edged lower for prelim sell signals. But the 5 day cycle down phase should be short lived as it started very late, like me today. They could try another rally attempt later today. That would leave Monday and Tuesday next week as decision time. I shall return. Swing Trade Screens – Hit the Jackpot Last Week, New Shorts This Week August 22, 2022 Stock Market Uptrend Cracks – Look Out Below August 22, 2022 Has Rule Number One Been Repealed?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 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...
fxfox Posted August 26, 2022 Report Share Posted August 26, 2022 Core PCE even more down than expected. Raises outside chance for Poopwell bombing market higher with his speech at 10 am EST Link to comment Share on other sites More sharing options...
fxfox Posted August 26, 2022 Report Share Posted August 26, 2022 Market ultra nervous as if it would wait for the Messiah to speak… Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2022 Author Report Share Posted August 26, 2022 Wild. Link to comment Share on other sites More sharing options...
fxfox Posted August 26, 2022 Report Share Posted August 26, 2022 Pretty obvious that monster whales intervene in EUR/USD Link to comment Share on other sites More sharing options...
DrStool Posted August 26, 2022 Author Report Share Posted August 26, 2022 ECB trial balloons 75 bp hike and BOOM, the EUR/USD surges out of a bottom of sorts. Gold Miners Swing Picks Link to comment Share on other sites More sharing options...
Jimi Posted August 26, 2022 Report Share Posted August 26, 2022 I dare ya, Powell. You’re a wretched wuss. You don’t have the ballz to fight inflation. Prove me wrong. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 26, 2022 Report Share Posted August 26, 2022 Jack-Hole Jack-Holes Jack-Holed She's got the Jack.......and who knows what else....... Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 26, 2022 Report Share Posted August 26, 2022 and here comes the 1 minute miracles Link to comment Share on other sites More sharing options...
Jimi Posted August 26, 2022 Report Share Posted August 26, 2022 That was a short stupid speech. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 26, 2022 Report Share Posted August 26, 2022 1 minute ago, Jimi said: That was a short stupid speech. did it work for "them" look at the 1 minute bars Link to comment Share on other sites More sharing options...
Jimi Posted August 26, 2022 Report Share Posted August 26, 2022 The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy…. Inflation is running well above 2 percent, and high inflation has continued to spread through the economy…. Committee participants' most recent individual projections from the June SEP showed the median federal funds rate running slightly below 4 percent through the end of 2023. https://www.federalreserve.gov/newsevents/speech/powell20220826a.htm With 4% the median forecast foe 2023, do they really get back to the 2% target? Link to comment Share on other sites More sharing options...
fxfox Posted August 26, 2022 Report Share Posted August 26, 2022 He could have said 1000 things to bring the market down. He said NONE. ZERO. Now we have to see if they really drain 95 billion in Sep. I doubt. Highly. Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 26, 2022 Report Share Posted August 26, 2022 Link to comment Share on other sites More sharing options...
fxfox Posted August 26, 2022 Report Share Posted August 26, 2022 „We HAVE TO get the job done“ he said. He did not say „The job is almost done“, but that‘s what the market thought till 10 am EST… Link to comment Share on other sites More sharing options...
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