DrStool Posted July 1, 2021 Report Share Posted July 1, 2021 A little later today, I'll be off on my travels to Slovenia, Slovakia, Poland, Czechia, and Germany. I'm saying farewell to Zadar, just as yesterday it seemed to say farewell to me! I will pack my trusty laptop snugly in its favorite backpack, so that I grab it from time to time and work along the way, publishing Liquidity Trader, the Wall Street Examiner, and keeping our little group of friends here up to date on my thoughts about the daily market squiggles from time to time. I don't know how much posting I will be doing today. I'll be on a bus for 6 hours, heading from Zadar to Ljubljana, Slovenia. For now, at 3:15 AM in New York here's how the hourly ES chart looks. The same. The end. As in the same trend channel the market has been in since June 21. As in slight new highs. As in still with reverse head and shoulders breakout measured move targets of 4315 and 4350. The first is all but a done deal. The second looks likely too, just not this week. There's not enough fluctuation for a 5 day cycle projection. On a 2-3 day basis we're looking at 4308. They've broken through the top of the megaphone pattern at 4295. That and 4290 look like s-port. Breakouts of rising trendlines often signal acceleration, if they're not immediately reversed into a false breakout. A band of trendlines from 4301-05 should present resistance. If not, the next would be currently around 4315. They're all rising. Here comes the judge. Ciao! I'll check in whenever possible! 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, End Stage Rally Now The Balance Begins To Shift Gold Needs A Bounce Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 well that's a failed breakout, but I suspect that New York will push it through. Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 I'm on a bus to Zagreb in a covid petri dish. Of course several people are not wearing masks. Several are wearing them with their noses exposed. Hopefully my two vaccinations and N95 will protect me. cough cough. Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 And buses recirculate the same air front to back. Link to comment Share on other sites More sharing options...
potatohead Posted July 1, 2021 Report Share Posted July 1, 2021 1 hour ago, DrStool said: And buses recirculate the same air front to back. could be worse....... Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 Mmmm hmmm. Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 Now in Slovenia! Took quite a while to clear the border, but, surprisingly they let me in. Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 it's a little hard to do cycle projections on a phone on a moving bus but the two to three-day cycle projection looks around 4310 Link to comment Share on other sites More sharing options...
potatohead Posted July 1, 2021 Report Share Posted July 1, 2021 55 minutes ago, DrStool said: it's a little hard to do cycle projections on a phone on a moving bus but the two to three-day cycle projection looks around 4310 3 whoops, did you say 4 1 0 Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 Ljubljana is charming. View this post on Instagram A post shared by Lee Adler (@200daysineurope) View this post on Instagram A post shared by Lee Adler (@200daysineurope) Link to comment Share on other sites More sharing options...
DrStool Posted July 1, 2021 Author Report Share Posted July 1, 2021 The 5 day cycle projection on the ES is now 4327. From Ljubljana, Slovenia, Good night, and good luck! Link to comment Share on other sites More sharing options...
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