DrStool Posted June 3, 2021 Report Share Posted June 3, 2021 This is the 9th day in the same 1% range. But we now have a completed head and shoulders top pattern with the ES fucutures sitting right at the neckline at 6:10 AM in New Yak. A breakdown looks all but certain. The 5 day cycle projection is 4175-85. Significant support is indicated around 4178. Two of the three hourly cycle indicators are bearish. Momentum is holding on near neutral. They are all slightly below zero, so a downturn from here could get some teeth. But a stick save could also send them soaring. Failed head and shoulders breakdowns often lead to vicious short squeezes. If you are a new visitor, 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. Meanwhile, Dull as Hell, And Still Bull LEE ADLER 2 - TECHNICAL TRADER MAY 31, 2021 Volatility Subsides, But Range Remains, Picking off Stops LEE ADLER 2 - TECHNICAL TRADER MAY 29, 2021 Here’s Why the Treasury Paydowns Aren’t As Bullish As Expected LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 28, 2021 Link to comment Share on other sites More sharing options...
Volatility Subsides, But Range Remains, Picking off Stops LEE ADLER 2 - TECHNICAL TRADER MAY 29, 2021
Here’s Why the Treasury Paydowns Aren’t As Bullish As Expected LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS MAY 28, 2021
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 Here it is zoomed in to 30 minute bars. They bought (aka covered) at the neckline. Shorts look to be in trouble if they clear 4200. Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 Latest 5 day cycle projection 4172, done Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 Oy Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 3, 2021 Report Share Posted June 3, 2021 So, as I type this, we are back to 4200. Does not mean nothing has happened yet? Who wants to catch me up on everything that has happened up until now? Johnny? Link to comment Share on other sites More sharing options...
PullMyFinger Posted June 3, 2021 Report Share Posted June 3, 2021 I have a big bunch of nothin'. Well, even more than usual, and that's saying a lot. Just a bunch of ABC moves on 60M ES. Went down and pierced the 610 (olive green) EMA twice so far, but couldn't close below it, then took off in a northerly direction. Doesn't seem to like that 610 much. It ran away pretty quickly. Let's see if the 55 EMA (red line) can contain the move and turn it back down. I'm even more confused than is typically the case. Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 I just added a live customer service, sales chat feature to LT. I have arrived in the 21st century. As I was working with the new app, I figured out that it was a Russian company. Putin now has a backdoor into everything I do. 😲😲😲 Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 Goldilocks Correlation is Still Bullish, Still Bullish After All These Years LEE ADLER 1 - LIQUIDITY TRADER- MONEY TRENDS JUNE 3, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2021 Author Report Share Posted June 3, 2021 IN the dullness of time, we say, Adoodoo. Link to comment Share on other sites More sharing options...
BurntOnce Posted June 3, 2021 Report Share Posted June 3, 2021 bidens's infrastructure plan due next week. severe drought in the west. farms shutin down. salmon going extinct. anything else new? Link to comment Share on other sites More sharing options...
Jimbo Posted June 4, 2021 Report Share Posted June 4, 2021 WAITING FOR THE BOND SIGNAL The market wants to go down but is waiting for bond rates to blow out some more. For this to significantly happen the bond market in turn waits for some more inflation confirmation data. Its all a waiting game right now. Link to comment Share on other sites More sharing options...
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