DrStool Posted September 2, 2021 Report Share Posted September 2, 2021 Those are the numbers to watch as the ES S&P futures toy with the trendline that forms the upper line of the megaphone pattern that we've been shouting about for the past month. Inside that range is noise. Breaking the range should give us a little move. To understand the very short term that we focus on here at the Stool, here's some perspective on the trend since July via 4 hour bars. Really a thing of bee you tay. Here's our usual look at the hourly bars. The ES is currently trading dead center of the range at 7 AM in Noo Yawk. A 5 day cycle low is ideally under way, and the hourly oscillators are on the buy side. But it won't mean a thing if they don't get that swing through 4544. And for your longer term listening and dining pleasure: Chart Picks – 8 New Picks From Last Week’s Swing Trade Screens Here are the Keys to More Upside as Cycles Get Back In Sync QE Still = 100% of Treasury Issuance, But Coming Change = Crash 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 filter. Link to comment Share on other sites More sharing options...
GregFokker Posted September 2, 2021 Report Share Posted September 2, 2021 For what very little it's worth, the "time-in-market > timing-the-market" crowd is really lathered up in the various subreddits. Link to comment Share on other sites More sharing options...
DrStool Posted September 2, 2021 Author Report Share Posted September 2, 2021 The rocket has been towed to the launchpad. Now preparing launch sequence. Link to comment Share on other sites More sharing options...
DrStool Posted September 2, 2021 Author Report Share Posted September 2, 2021 Jesus. Philly is under water. Link to comment Share on other sites More sharing options...
DrStool Posted September 2, 2021 Author Report Share Posted September 2, 2021 Just got back from shopping. It's only a matter of time now. That slightly higher high early is a signal that this is heading for another breakout. Vat elze iz noo? Link to comment Share on other sites More sharing options...
DrStool Posted September 2, 2021 Author Report Share Posted September 2, 2021 Really bad in Philly. I'm worried. Link to comment Share on other sites More sharing options...
Jorma Posted September 2, 2021 Report Share Posted September 2, 2021 10 minutes ago, DrStool said: Really bad in Philly. I'm worried. Buy! Link to comment Share on other sites More sharing options...
MisFit Kid Posted September 2, 2021 Report Share Posted September 2, 2021 Jam that close, remember, US holiday weekend coming >: Part of the country underwater, other part burning to the ground...... ALL GOOD.....up next......Flo-Bot Friday Link to comment Share on other sites More sharing options...
Mkucstars Posted September 2, 2021 Report Share Posted September 2, 2021 Bullish! We obviously need more stimulus. Entirely too close to having a down day. How much did Jay print today? Link to comment Share on other sites More sharing options...
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