DrStool Posted September 19, 2022 Report Share Posted September 19, 2022 While I do have projections for some of the longer cycles, I can't answer that question for today. It could be a little or a lot. The parameters to watch in the next few hours are 3857 on the upside for resistance, and 3787-3778 on the downside for sport. The measured move projection for the breakdown pattern of the past week is around 3650. Although I don't think we'll get there this morning. After lunch maybe. Breaking 3830 could lead to another plunge. And check out the 10 year Treasury yield. It's above 3.5% this morning. Here's the 2 hour bar chart. This pattern measures to like, 19%. OK. not really. What happened to all the deflationist bond bulls? And let us not lose sight of BTC's progression toward its ultimate target of 5000 below zero. Meanwhile, the big picture: What a Whipsaw! Here’s How Big The Move Will Be September 19, 2022 In the Goldrums September 16, 2022 Fed Speeds Into Dead Man’s Curve, More Black Tuesdays Ahead September 15, 2022 There Will Be More Black Tuesdays September 14, 2022 Swing Trade Screens – Trailing Stops Did Their Job To Preserve Profits September 12, 2022 I Heard It Through the Grapevine September 11, 2022 Special Bulletin – T-Bill Paydown September 8, 2022 Gold Won’t Hold September 7, 2022 Withholding Tax Collections Collapsed in August But BLS Data Won’t Show It September 2, 2022 Warnings of August Liquidity Crash Come to Fruition – Here’s What to Do August 28, 2022 Has Rule Number One Been Repealed? August 18, 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 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 September 19, 2022 Author Report Share Posted September 19, 2022 The bulls are back in town. At least until 3888. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 I'll allow up to 3895. Link to comment Share on other sites More sharing options...
Jorma Posted September 19, 2022 Report Share Posted September 19, 2022 40 minutes ago, DrStool said: I'll allow up to 3895. What happens if the market disobeys you? A spanking? Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 13 minutes ago, Jorma said: What happens if the market disobeys you? A spanking? Yep. And I'll be the one getting it. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 The good news is that we've been in an up phase since 9 AM Friday. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 19, 2022 Report Share Posted September 19, 2022 I'm still waiting... Destination Unknown. TCG Link to comment Share on other sites More sharing options...
fxfox Posted September 19, 2022 Report Share Posted September 19, 2022 1 hour ago, DrStool said: The good news is that we've been in an up phase since 9 AM Friday. If this is the up phase… Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 Right Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 4 hours ago, DrStool said: I'll allow up to 3895. oop there it is. also the 2-3 day cycle projection. Link to comment Share on other sites More sharing options...
The CoinGuy Posted September 19, 2022 Report Share Posted September 19, 2022 Since it's the 19th. From last year... Perhaps this is still relevant...today. TCG Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 Base breakout measures to 3933. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 If they close it below 3887, nuh no... NOOOO breakout. (Dave Zinkoff voice) Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2022 Author Report Share Posted September 19, 2022 21 minutes ago, DrStool said: Base breakout measures to 3933. Looks like a done deal. Those of us of the bearish persuasion may be in a touch of trouble here. I will post the swing trade chart picks tomorrow morning, based on today's action. Quantum mechanics may have worked in our favor today when my data was cut off and I was unable to post the usual Monday morning update. Bonne soiree! Link to comment Share on other sites More sharing options...
fxfox Posted September 19, 2022 Report Share Posted September 19, 2022 12 minutes ago, DrStool said: Looks like a done deal. Those of us of the bearish persuasion may be in a touch of trouble here. I will post the swing trade chart picks tomorrow morning, based on today's action. Quantum mechanics may have worked in our favor today when my data was cut off and I was unable to post the usual Monday morning update. Bonne soiree! One could also say we just did run into former sup around 3900. What was sup becomes res… Link to comment Share on other sites More sharing options...
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