DrStool Posted September 14, 2021 Report Share Posted September 14, 2021 Here's the 2 hour bar look. Strange. We're not used to seeing persistent downtrends that last for 8 days. Must have something to do with Sell Rosh Hashanah, Buy Yom Kippur. And lest we forget, it's that time of the month. Fed MBS settlement week. The last 2 days has that reverse headandshouldery look. Here's the 1 hour bars. Shows we're in a 5 day cycle up phase. Weak for sure, but could strengthen. The test will be at 4480. Conversely, the sport test would be at 4463. I have a preliminary 5 day cycle projection of 4500 if they break the downtrend. That's also where the next resistance lines are. 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. Meanwhile, for your educational reading: Nothing Has Happened Yet Useless Banking Indicators Except for One Giant Red Flag Gold’s Setup Has All Kinds of Potential Take the Threat of this Triple Whammy Seriously Now Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 Boom Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 Womp womp Link to comment Share on other sites More sharing options...
potatohead Posted September 14, 2021 Report Share Posted September 14, 2021 sounds like Riga, Lativa is beautiful and vibrant this time of year..... https://english.alarabiya.net/News/world/2021/09/13/Latvian-ministry-issues-apology-over-military-drill-after-social-media-backlash Military exercises in the center of Riga, Latvia, no warning given. https://twitter.com/IrakiW/status/1437372248977981442 Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 Stocks turn tail. Massive rally in Treasuries. Fed MBS settlement week. First action, buy bonds. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 But really. What a terrible idea that is. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 2-3 day cycle projection 4436 Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 4 hours ago, DrStool said: 2-3 day cycle projection 4436 Uh huh. 5 day cycle projection might be a tad lower. Or might not. Can't tell. Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 One thing for sure. The 2-3 day cycle projection is now 4427. So I guess the 5 day is pointing lower too. 4425? Link to comment Share on other sites More sharing options...
DrStool Posted September 14, 2021 Author Report Share Posted September 14, 2021 And that's a wrap for me. Have a good evening! Link to comment Share on other sites More sharing options...
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