DrStool Posted October 13, 2022 Report Share Posted October 13, 2022 It is simple, direct, obvious. Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible "bottom" in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to end the first half hour of regular trading in New York above 3600. We might then expect an epic massive rally to 3616-20. Now what if they don't clear 3600? Then it will depend if they hold above 3570. If they do, this maddening trading range will go on. But if they break 3570, next stopping point should be around 3550. And if that didn't hold, 3530. In the Department of BTC Leads, the verdict has already been rendered. We Can Now Project When Fed Will Pause, But Not Reverse October 13, 2022 Swing Trade Screens – Plunging in on the Short Side October 11, 2022 Market Reaches Do or Die, Right Here October 10, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections – Part 2 October 6, 2022 Look Out For the Real Fallout of Declining Withholding Tax Collections October 5, 2022 Swing Trade Screens – Beware! This Swing is Old October 3, 2022 Stocks Have Much At Stake Right Now October 2, 2022 Gold Reason to Hope No Reason for Optimism September 30, 2022 Markets Face Catastrophe as Dealers Mitigate Too Little Too Late September 26, 2022 Fed Speeds Into Dead Man’s Curve, More Black Tuesdays Ahead September 15, 2022 There Will Be More Black Tuesdays September 14, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! 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...
DrStool Posted October 13, 2022 Author Report Share Posted October 13, 2022 Looks like stocks and BTC have decoupled. Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 T-minus 17 minutes. bls.gov/cpi/ Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 13, 2022 Report Share Posted October 13, 2022 I'd like to see 3600 fall - today. The continuation candle in the SPX wasn't strongly confirmed...but it wasn't denied either. Anybody's guess...but I'd personally like see a deep dive into the 17th, despite what the futures are telling me at the moment. Best, TCG Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 Consumer Price Index Summary Transmission of material in this release is embargoed until 8:30 a.m. (ET) Thursday, October 13, 2022 USDL-22-1990 Technical information: (202) 691-7000 * [email protected] * www.bls.gov/cpi Media contact: (202) 691-5902 * [email protected] CONSUMER PRICE INDEX - SEPTEMBER 2022 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. The index for all items less food and energy rose 0.6 percent in September, as it did in August. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. There were some indexes that declined in September, including those for used cars and trucks, apparel, and communication. The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The all items less food and energy index rose 6.6 percent over the last 12 months. The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The food index increased 11.2 percent over the last year. https://www.bls.gov/news.release/cpi.nr0.htm Link to comment Share on other sites More sharing options...
DrStool Posted October 13, 2022 Author Report Share Posted October 13, 2022 Looks like the BTC boys had the correct data in advance. Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 13, 2022 Report Share Posted October 13, 2022 Well...there ya go. Target hasn't changed. 3350 with a possible overrun that they won't be able to hold. Best, TCG Link to comment Share on other sites More sharing options...
DrStool Posted October 13, 2022 Author Report Share Posted October 13, 2022 Prelim 5 day cycle projection 3400 Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 Crytpo and Curre 3 minutes ago, The CoinGuy said: Well...there ya go. Target hasn't changed. 3350 with a possible overrun that they won't be able to hold. Best, TCG You make kitty scared. Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 Look at all those 52-week lows getting broken on the NASDAQ - how beautiful! Link to comment Share on other sites More sharing options...
fxfox Posted October 13, 2022 Report Share Posted October 13, 2022 The Huge Manatee has arrived. Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 Paging Mr Haruhiko Kuroda the USD.JPY has broken above 147. Fire the Q/E cannon! Link to comment Share on other sites More sharing options...
sandy beach Posted October 13, 2022 Report Share Posted October 13, 2022 Looking at some of these stock prices and I'm getting greedy - a sure sign the bottom is about to drop out another 500 points on the S&P500. Link to comment Share on other sites More sharing options...
fxfox Posted October 13, 2022 Report Share Posted October 13, 2022 It would be a mircale if Emerging Markets would NOT blow up. The amount of stress in the system is as high as 2008, if not higher. Link to comment Share on other sites More sharing options...
DrStool Posted October 13, 2022 Author Report Share Posted October 13, 2022 Looks like we'll have a payday on this. Swing Trade Screens – Plunging in on the Short Side Link to comment Share on other sites More sharing options...
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