DrStool Posted September 27, 2021 Report Share Posted September 27, 2021 The ES fucutures made a new high for the current 5 day rally over night, but it has since pulled back. The hourly oscillators have made nice negative divergences. Not that there's anything wrong with that. Usually its just the market jerking off the bears, getting them all excited for nothing. But at the same time, this high is below the highs of 10 days ago. So while the shortest intraday trends are still up, the longer ones are still down. Now we're not here to divine the long term from these very short term patterns. I handle that at Liquidity Trader. The Ugh Market. We're just here to try to give you daytraders a hopefully helpful perspective. In that vein, we're looking at the 4450 area here in the premarket as a fulcrum. If it holds there, we're still in an uptrend, albeit one that seems to be bending. If 4450 breaks, next we look to 4420 as a target. That's where things could get very interesting over the next couple days. On the other hand, if they clear 4490, then an 11 day bottom would be complete. It would have a conventional measured move target of 4670. 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 longer term infotainment and edification: The Ugh Market Liquidity Matters, The Fed’s BS Doesn’t Get Ready for the Coming Bond Market Bloodbath When Hope Is Not a Good Thing Useless Banking Indicators Except for One Giant Red Flag Link to comment Share on other sites More sharing options...
jp6 Posted September 27, 2021 Report Share Posted September 27, 2021 SPX around 4485/4495, Done already or few Hrs after market opens. Dow Top was on 16th August and Today is 29th Trading days. Link to comment Share on other sites More sharing options...
DrStool Posted September 27, 2021 Author Report Share Posted September 27, 2021 This is a test. This is only a test. Do not adjust your monitor. We will return to our regularly scheduled programming soon. Link to comment Share on other sites More sharing options...
DrStool Posted September 27, 2021 Author Report Share Posted September 27, 2021 The thrill is gone. The trend is broken.. Link to comment Share on other sites More sharing options...
DrStool Posted September 27, 2021 Author Report Share Posted September 27, 2021 But the next sport level held. Going out for a few hours. First Polish language class. 😁 Jane dough brie! 😄 Link to comment Share on other sites More sharing options...
DrStool Posted September 27, 2021 Author Report Share Posted September 27, 2021 https://www.youtube.com/watch?v=SgXSomPE_FY Link to comment Share on other sites More sharing options...
DrStool Posted September 27, 2021 Author Report Share Posted September 27, 2021 Have a good weak night. Czesc! Link to comment Share on other sites More sharing options...
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