DrStool

My trading port is hedged. No matter which way it goes, I won't make money. 😄😄

Brave man.

Has that launch paddy look.

RFK Jr. That explains it.

Now RFK Jr. making excuses for the vicious dictator Putin while Trump curses out Stormy Daniels in court and Judge gives Trump a long term get out of jail free card in the classified documents case. We are in deep, deep, deep trouble. This is the second coming of a fascist age, and it has more popular support now than it did in 1933. Democracy hangs by a thread. The rule of law will be replaced by the rule of murder, mayhem, and accidental deaths on stairs and from balconies and windows, and from sudden unexplained illnesses.

Today is a national holiday in France, celebrating the Allied victory over the Nazis in WW2. So we won't see much tape action until New York traders start actively trading in about 2 hours at about 8 AM. At that point we're looking at a trend convergence around 5180, with a trendline rising to 5187 at the New York close. Any downside whatsoever would be dependent on breaking that line and a critical spport level at 5178. Break that, and there's about 20 points of air. A 5 day cycle low is due today. Odds therefore favor a liftoff, but there's overhead supply indicated. Resistance levels are 5200 and 5204, with the top of the current uptrend channel at 5215 later today. The next resistance area above that would be around 5225 near the NY close. In the third week of April, when almost everyone was all beared up, I was bullish because both liquidity analysis and cycle analysis showed that a bottom was forming. Want to know what to do now? Stay ahead of the curve. Know what to expect and trade with confidence. For moron the markets, see: Swing Trade Screen Picks – Surprise Shorts May 6, 2024 Don’t Trust, Verify May 6, 2024 April Tax Collections Soared May 4, 2024 Gold Valley Rally May 3, 2024 The Fed Doesn’t Matter Any More May 1, 2024 Swing Trade Screen Picks – Hidden Gems April 29, 2024 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 folder.

Utilities are the new bitcoin.

Testing. Testing.

No idea. Ours is not to reason why, Ours is but to forecast the flows and float with them. Higher tax receipts will prolong the seasonal paydowns. The timing of the market reaction to the annual paydown festival varies by a few days from year to year, but once triggered, we know what to expect. The End Is Not Nigh March 26, 2024

5 hour bars on the ES 24 hour S&P futures show the market to be extended here to the level where previous minor tops have formed. The market has also reached a major resistance area. So where to from here? Straight down today? Lately the 3 and 5 day cycle periods have merged into a 4 day cycle expression. This is a common feature of this market. If the pattern holds up here, then a low would be due today and the market won't correct much. At 7 AM NY time trend support is rising at roughly 5165, headed toward 5185 at the NY close. If that line holds, the next move should be to a new high. That would show that the market is in trending mode. And that's a situation where it is until it isn't. On the other hand, if that trendline breaks, then there's a case for a pullback to 5150-55 before the next rally. In the third week of April, when almost everyone was all beared up, I was bullish because both liquidity analysis and cycle analysis showed that a bottom was forming. Want to know what to do now? Stay ahead of the curve. Know what to expect and trade with confidence. For moron the markets, see: Swing Trade Screen Picks – Surprise Shorts May 6, 2024 Don’t Trust, Verify May 6, 2024 April Tax Collections Soared May 4, 2024 Gold Valley Rally May 3, 2024 The Fed Doesn’t Matter Any More May 1, 2024 Swing Trade Screen Picks – Hidden Gems April 29, 2024 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 folder.

We knew this was coming. Don't be behind the curve. Stay ahead of it. Know what to expect and trade with confidence.

5 day cycle projection looking 5215. Ciao!

Different result.