DrStool Posted December 28, 2020 Report Share Posted December 28, 2020 Oh there's no place like home for the holidays. Except if you've been locked up in it for the past 9 months. Wanna get away? Asia woke up last night and right away started buying, and kept going all night. By the time Your a Peein markets opened at 9 AM CET, the ES fucutures were up 22 points. Although 22 points ain't what it used to be, it's nothing to sneer at. But it wasn't enough for a Breakout. On December 18 the ES hit 3722.88 overnight. This night it has only gotten to 3721. At that point cranky Europeans started selling, pushing the price down a tad from its high, and leaving 5 day cycle indicators in position to roll over. We are still way shy of a 5 day cycle projection of 3760. I don't think that's a reliable projection simply because the selloff that we're measuring from was newsnoise driven. A 2-3 day cycle projection of 3723 is done. But we're still 5 hours away from the NY open. A lot can happen. I think that 3714 may hold the key. If the pullback holds around or above that level, then I'd expect a thunderous breakout in Noo Yak when it opens at 9:30 ET. But if they fall below 3714, the next support and likely bounce point would be around 3700. I hope that Mr. Hanky brought you lots of presents. Good morning! Explosive Rally Ahead, or Plotz Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 New Yak selling the open. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 Fewls. Link to comment Share on other sites More sharing options...
BurntOnce Posted December 28, 2020 Report Share Posted December 28, 2020 just about every other 18 wheeler on the NJ turnpike is scamazon. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 2:30 turn time. Fascinating day. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 Not. Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 2-3 day cycle projection 3750 Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 Seems funny when I think about when I started in the business a 100 point move in the Dow was 10% and it took a month. Link to comment Share on other sites More sharing options...
Jorma Posted December 28, 2020 Report Share Posted December 28, 2020 Link to comment Share on other sites More sharing options...
DrStool Posted December 28, 2020 Author Report Share Posted December 28, 2020 I'll say. Link to comment Share on other sites More sharing options...
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