DrStool Posted January 23, 2023 Report Share Posted January 23, 2023 One two three two three says it all. Today's the day of the dance. Lately we've been on a dancefloor of 3900-4000. And this morning, we're stuck in the middle with you. Hardly a sign of movement. Still, a 5 day cycle projection of 3990-4000 hanging out there. But 5 day cycle oscillators are in the top zone. So we may see the projection hit but, again, no sign of breakout. Time will tell. My trading positions 100% long (a sure sign that the top is here), but 75% cash. Looking around for shorts, but I don't like the setups. Non committal. For moron the markets, see: Gold Going Higher January 18, 2023 Swing Trade Screen Picks – Whoa! Just Wait Till Next Week! January 17, 2023 Long Live the Bear. The Bear is Dead January 17, 2023 A Funny Thing Happened on the Way to the Debt Ceiling January 16, 2023 Withholding Taxes Are Soaring January 6, 2023 Composite Liquidity Still Bearish, No End in Sight December 23, 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...
SiP Posted January 23, 2023 Report Share Posted January 23, 2023 the longer it stick to 4000 on spx the higher chances they will move higher. at least till this thursday. Of course end of month crucial. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 5 day cycle projection 4010. Maybe more. Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2023 Report Share Posted January 23, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 Just breached the long term trendline from the January 2022 high. This is for all the marbles. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 5 day cycle projection 4010 overshot. 3 day cycle projection 4020 also done. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 1 day cycle projection 4035. Close enough for gummit work. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 5 day cycle projection now looks 4040. Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2023 Report Share Posted January 23, 2023 If they break the Dec high the low is officially in: Higher lows and higher highs. Hope for bears is that Big Tech will massivly disappoint. Will it? Hope WAS that FED will raise more than 0.25, but that is gone since yest when the FED told its Greek mouth piece to write that article. Unprecedented inflows into EM funds since beginning of the year. Monster upmoves in European indices. Was it a one hit wonder and it will be reversed soon or will the US follow? Place your bets. Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2023 Report Share Posted January 23, 2023 1 hour ago, DrStool said: 5 day cycle projection now looks 4040. you should only trade that short term stuff. You seem to have an edge regarding that. You only need to hire a willing executer, some Irish bull neck type of guy for example 😂 Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2023 Report Share Posted January 23, 2023 EUR/USD topped today. Basta. Link to comment Share on other sites More sharing options...
DrStool Posted January 23, 2023 Author Report Share Posted January 23, 2023 Back under the big Trendline. But it's just a matter of time. Link to comment Share on other sites More sharing options...
fxfox Posted January 23, 2023 Report Share Posted January 23, 2023 Le Vixe makes higher lows… Link to comment Share on other sites More sharing options...
WTF Posted January 23, 2023 Report Share Posted January 23, 2023 UST yields UP, Dollar UP, Oil UP doesn't look bullish to me. Link to comment Share on other sites More sharing options...
WTF Posted January 23, 2023 Report Share Posted January 23, 2023 This is looking like the last of the dumb money running into the burning building right before the doors closing and the doors being locked from the outside. Link to comment Share on other sites More sharing options...
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