The CoinGuy Posted September 1, 2022 Report Share Posted September 1, 2022 To further expand on my thoughts about the SPX mirroring Russia... If you'll recall my prior chart from August 20th, "A Fractal within a Fractal" I mentioned 3250... I'm going to add this thought...while it's incomplete and obscure - at the moment. The charts will become clearer as the market unfolds. This chart was tantamount in coming up with my forward looking analysis...Read through the mental gymnastics. THIS...is ART. Here is a convenient copy of "A Fractal within a Fractal". I personally don't give a damn about 3900, look at the ^IXIC(in the chart above)...the light resistance is right there in the chart. In my mind...it's already fallen. Personally speaking...I'm watching 3750. Why? Because when it cracks...I'll know were just over 1/2 way to an intermediate term target. As I've already stated, when 4160 fell...the door to 3750 opened. I'll stand(or fall) by that.. Best, TCG oh...and... 9.22? Link to comment Share on other sites More sharing options...
BurntOnce Posted September 1, 2022 Report Share Posted September 1, 2022 it's a qt tantrum! Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 feels like the market is up. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 1, 2022 Report Share Posted September 1, 2022 At noon here...I'm seeing doji's everywhere on the Daily. Except in the ^HUI. I'm continuing to watch this area in the GLD with great interest. The SLV(and the ^HUI) has already fallen. I'm going to sit here and watch the strength of the defense of this area...and wait for "It". It...being the catalyst. Patience. Best, TCG Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 looking at the hourly oscillators they're not exactly screaming BUY here. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 1, 2022 Report Share Posted September 1, 2022 Agreed...but my guy(Tom) tells me the trading desks were parroting 3900 to anyone who would listen as the "last line in the sand". My comment at the top of this page is with that in mind... TCG For those who don't read charts...I've added a couple of lines to "A Fractal within a Fractal" to hopefully make understanding what I'm saying more simple. Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 That second trendline continues to hold. Swing Trade Screens – Good Week For Our Shorts Last Week, Adding More Now August 29, 2022 Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 1, 2022 Report Share Posted September 1, 2022 Before I head out... I want to quickly mention this. To me...the most important chart to be watching is the ^XOI. I don't even know why...I just have an inkling that something is afoot. Remember, 1600. TCG Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 Good summary of the mechanics of what I write about in Liquidity Trader week in and week out. https://libertystreeteconomics.newyorkfed.org/2022/04/the-feds-balance-sheet-runoff-and-the-on-rrp-facility/ Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 Wow, this is just brutal. Warnings of August Liquidity Crash Come to Fruition – Here’s What to Do August 28, 2022 Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 A-a-a-a-a-a-a-a-a-a-nd INTERVENTION! PPT rides to the rescue. Link to comment Share on other sites More sharing options...
Jimi Posted September 1, 2022 Report Share Posted September 1, 2022 Paint a bottom; distribute into the rally. Link to comment Share on other sites More sharing options...
fxfox Posted September 1, 2022 Report Share Posted September 1, 2022 3900 congestion area in SPX and 12000 big round number in NDX, stuff like that doesn‘t get broken at FIRST attempt. Link to comment Share on other sites More sharing options...
fxfox Posted September 1, 2022 Report Share Posted September 1, 2022 3250 is the area where we were when the vaccine news came out. Market was about to crack down right before the news came out. So that‘s a natural support level. Another one is 3000: Big fat round number, but more important: it was the level where many folks went long again In June 2020 after the March low. There will be a mega battle around those lower 3k levels. Link to comment Share on other sites More sharing options...
DrStool Posted September 1, 2022 Author Report Share Posted September 1, 2022 Pushing for a breakout here. Link to comment Share on other sites More sharing options...
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