DrStool

Last call on the 5 day, 5035-40

Sucker is bouncing around. Let's say 5 day cycle projection unclear.

Dropping the 5 day cycle projection to 5035.

5 day cycle projection, 5065. 4 day basis, 5030. Take yo pick.

2-3 day cycle projection 5070, done.

March Withholding Tax Collections Actually Stunk

Top of the channel again, back where a fren is a fren, yippee ki ki yay, bulls are on the way, at the top of the channel again.

The ES 24 hour futures have broken through a signal strip, but immediately paused. IT needs to hold above 5145 in the early going to stay on the buy side. Otherwise, hippobottomus. One difference on this rally so far is that it's not starting like it's shot from guns, so maybe it will have more staying power than puffed rice this time. No More Downside LEE ADLER 2 - TECHNICAL TRADER APRIL 15, 2024 That may be a little extreme, but indications that the 6-month cycle down phase, which has shown up very late in the cycle, xxxxxxxx xxxxxx xxxxxxxx xxxxxxxx potential. That’s consistent with another month of xxxxxxxx liquidity ahead. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets, see: No More Downside April 15, 2024 Back to the Gold Old Days 4/9/24 April 9, 2024 Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 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.

They know it and they're gonna stave that off for now.

Don't know whether to call this a breakdown or a stepdown. There are multiple spport lines on the way down. Some broken already, more to come. The next is 5104.

The market has completed a formidable little top over the past 3 weeks.

2-3 day cycle projection 5100.

Foul.

spport busted. hourly oscillators roll over. Chef Says Choose One from Column A Or One from Column B

If the market isn't flying through the air with the greatest of ease, it's stuck. The overnight was stuck, but it's showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time. Here's the hourly ES, 24 hour S&P fuguetures. Chef Says Choose One from Column A Or One from Column B Is it my imagination or has this been difficult to trade for the past two weeks? The usual semi regular 4-5 day cycle pattern has been displaced by an irregular, noise driven flip flop pattern. The hourly oscillators are giving a top signal here. But time suggests that a 5 day cycle low would normally be due today. We see trend spport around 5188 and additional trend spport about 10 points lower. If that band holds, then this wild pattern could turn into a big base. A breakout through 5228 would have a measured move implied target of 5305. If they break through the rising spport lines, then a test of the lows in the 5130s would be in order. Then we'll see. Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market For moron the markets, see: Back to the Gold Old Days 4/9/24 April 9, 2024 Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024 Chef Says Choose One from Column A Or One from Column B April 8, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 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.