DrStool Posted February 6, 2023 Report Share Posted February 6, 2023 Busy morning this morning, so here's just the chart of the hourly ES, S&P fugutures. It's getting close to a bottom. For moron the markets, see: Swing Trade Screen Picks – Here are Two on the Buy Side that Stick Out February 6, 2023 Rally Looks Great But Don’t Chase It Now! Here’s Why February 6, 2023 SOS – Goldtanic Hits Iceberg, Ship Sinking February 5, 2023 Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 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 Fell Sharply in January February 3, 2023 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...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 Dollar up / Dr. Copper down / UST Yields up: doesn't seem like good news for the bulls but why let that stop them, to the moon Alice. Link to comment Share on other sites More sharing options...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 My YANG after being beaten down, finally getting some love and starting to rise. 🦪 Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2023 Author Report Share Posted February 6, 2023 I feel a bad case of the Dulls coming on. Link to comment Share on other sites More sharing options...
The CoinGuy Posted February 6, 2023 Report Share Posted February 6, 2023 I'm getting bored... I normally don't comment on the more speculative issues...but...at this point I'm just trying to stay awake. The pattern traced out during the 2022 period in YANG would usually be associated with a major reversal pattern with light resistance at 10. Below the swing at 4100 in the SPX and I'll start to have questions... TCG Link to comment Share on other sites More sharing options...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 Thanks for the charts TCG... appreciate your insight. Link to comment Share on other sites More sharing options...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 The calm before the storm? Link to comment Share on other sites More sharing options...
The CoinGuy Posted February 6, 2023 Report Share Posted February 6, 2023 I hope you make a ton of Coin. Smile. Probing below 4100 is fine...but holding it. No...not fine. I'd like to see a rejection right here and continue to the upside. Otherwise...the daily would only need another down day for confirmation. After the rejection at 27.44...UUP is flying out of the hole. Interesting developments all around. The broad markets being the only exception... The CoinGuy Link to comment Share on other sites More sharing options...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 The SPX has rallied in the last hour, can it hold the gains? Watching AAPL, gapped down and just looking heavy to me. Link to comment Share on other sites More sharing options...
fxfox Posted February 6, 2023 Report Share Posted February 6, 2023 Retail buys this rally, went long via 0DTE options on volume never seen before in history and will get beaten up in a way that they wish they would have never been born at all. Basta. Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2023 Author Report Share Posted February 6, 2023 Buy signal on that 4 day cycle. Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2023 Author Report Share Posted February 6, 2023 4 hours ago, DrStool said: I feel a bad case of the Dulls coming on. d Link to comment Share on other sites More sharing options...
WTF Posted February 6, 2023 Report Share Posted February 6, 2023 Nat Gas green (at least for now). Will miracles never cease? Link to comment Share on other sites More sharing options...
fxfox Posted February 6, 2023 Report Share Posted February 6, 2023 That 0DTE option thing is big. Seem to be driven by the Reddit guys. Is Portnoy around again? 😂 They won in Jan, become greedy, then they pyramid, then booom! Kaput. 😎 Link to comment Share on other sites More sharing options...
DrStool Posted February 6, 2023 Author Report Share Posted February 6, 2023 Downtrend intact. Buy signals failing. Link to comment Share on other sites More sharing options...
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