DrStool Posted February 17, 2021 Report Share Posted February 17, 2021 Got youses attention, did I? Does seem like we are IN THE BEGINNING of the unfolding of the catastrophic scenario that I have been forecasting to begin once the 10 year vaulted past 1%. But for today, the 5 day cycle projection is only 3912, hardly a catastrophe. Even if that breaks there's trend support at 3908 and every 5-10 points or so down into the 3860s. If we're going down today, it should be bouncy. However, below 3867, the bottom starts to drop out. If support holds, look for resistance around 3930-34. 3934 would be the neckline of a reverse head and shoulders pattern. If they managed to clear that, that would start another mini short squeeze, probably good enough to get the ES back to 3950 for starters. To post your observations on 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. Bulletin! Treasury Paying Down $55 BILLION RIGHT NOW to AVERT CATASTROPHE! Bear With Me, Here’s Why I Gotta Stay Long Primary Dealers are Already Dead 1 - LIQUIDITY TRADER FEBRUARY 11, 2021 Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears 1 - LIQUIDITY TRADER FEBRUARY 13, 2021 FREE REPORT – Proof of How QE Works – Fed to Primary Dealers, to Markets, To Money Link to comment Share on other sites More sharing options...
Primary Dealers are Already Dead 1 - LIQUIDITY TRADER FEBRUARY 11, 2021 Primary Dealers are Dead – Part 2 – Springtime Coming for Hibernating Bears 1 - LIQUIDITY TRADER FEBRUARY 13, 2021
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 Here on the ES chart we see the famous accordion pattern on the 30 minute bars over the past two hours. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 A little different perspective on the hourly. Funny how when you change the time frame the candlesticks morph into something completely different. Gotta love those shape shifters. Meanwhile, the 5 day cycle projection got down to 3895. Done. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 The battle lines are drawn. The positive divergences in the hourly cycle indicators suggest upside resolution, but don't guarantee it. They need to break that downtrend channel. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 RIP Rush. Roast in piece. The Gates of Hell have swung open. Link to comment Share on other sites More sharing options...
No Einstein Posted February 17, 2021 Report Share Posted February 17, 2021 51 minutes ago, DrStool said: RIP Rush. Roast in piece. The Gates of Hell have swung open. soon to be replaced by younger version...there is an endless supply of evil Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 There are always more Nazis. The only difference from one era to the next is how out in the open they are. Now we can see just how bad the problem is. There are literally millions and millions of them. Link to comment Share on other sites More sharing options...
No Einstein Posted February 17, 2021 Report Share Posted February 17, 2021 18 minutes ago, DrStool said: There are always more Nazis. The only difference from one era to the next is how out in the open they are. Now we can see just how bad the problem is. There are literally millions and millions of them. sad....very sad, but true.. and it is a world wide problem...not just the States. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2021 Author Report Share Posted February 17, 2021 Yep. Link to comment Share on other sites More sharing options...
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