DrStool Posted February 17, 2023 Report Share Posted February 17, 2023 Look at this chart of the ES, 24 hour S&P futures. It's garbage. Utterly useless garbage. Completely incoherent. But it tells the story of the current market. Babbling incoherence. The ravings of madness. I doubt that it will make sense until it breaks out of this range with room to spare. And even then I question how long a trend will persist. Of such doubt, perhaps a major move may be born. We don't know and neither do they. But I attempt to analyze the intraday pattern, and it says that the 5 day, 2-3 day and 1 day cycle projections all point to 4065 which was already exceeded. The next sport level would appear to be 4050. If that doesn't hold, we may be in Crash City. Meanwhile, the 10 year Treasury is getting crushed. No surprise there.. For moron the markets, see: You Can Now Follow the Diabolical Usual Suspects February 16, 2023 One Gold Indicator Needs to Whipsaw or Will Signal a Secular Top February 14, 2023 Swing Trade Screen Picks – Meat Grinder Prevails February 13, 2023 How Bears Could Take Charge This Week February 13, 2023 US Treasury Throws A Shocker to Reverse the Stock Market Outlook February 9, 2023 Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 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 folder Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2023 Author Report Share Posted February 17, 2023 Double bottom working on the hourly, about 3 hours apart, with the hourly cycle oscillators buried. If the market doesn't bottom here, buckle up, because it would crash. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2023 Author Report Share Posted February 17, 2023 Okay, Ladies and gentlemen, boys and girls are you ready? Link to comment Share on other sites More sharing options...
fxfox Posted February 17, 2023 Report Share Posted February 17, 2023 45 minutes ago, DrStool said: Okay, Ladies and gentlemen, boys and girls are you ready? For another day of 99% options related bullshit trading? Link to comment Share on other sites More sharing options...
WTF Posted February 17, 2023 Report Share Posted February 17, 2023 If this gets going to the downside, I mean some real selling, I don't think there will be anyone left to buy on the other side of the sell trade avalanche, as everyone runs for the exits at the same time. Look at this board, no gloating, no cheerleading, just a couple of diehards waiting for the next miracle stick save. The bears are all dead with their heads mounted on the bulls walls. Who is left to cover? As a matter of fact, who is left buy, is there anyone left on the sidelines? In Poker terms, they are ALL IN BABY! If "they" can't turn this around this afternoon and we start to see some acceleration to the downside, to me this looks like a powder keg and at what level does this shit explode? Link to comment Share on other sites More sharing options...
WTF Posted February 17, 2023 Report Share Posted February 17, 2023 I'm watching AAPL, so far down but the volume is nothing special. If the volume spikes and it continues going lower could be trouble ahead... Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2023 Author Report Share Posted February 17, 2023 2-3, and 5 day cycle lows are due now and hourly oscillators are BURIED. It's now or never. 2 hr bar perspective. 4048 is a very important sport level. Link to comment Share on other sites More sharing options...
WTF Posted February 17, 2023 Report Share Posted February 17, 2023 Of course, TSLA will lead them... what a joke. A day of reckoning is coming for all this nonsense. Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2023 Author Report Share Posted February 17, 2023 Buy signals on the hourly oscillators but no downtrend resistance broken yet. I'm agnostic. Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 17, 2023 Report Share Posted February 17, 2023 Beware of the Luft Balloons (99 of them?) on options' day.........or is that Flo-Bot? How much to shoot it down? Link to comment Share on other sites More sharing options...
DrStool Posted February 17, 2023 Author Report Share Posted February 17, 2023 Link to comment Share on other sites More sharing options...
fxfox Posted February 17, 2023 Report Share Posted February 17, 2023 Had we ever have significant down days right in front of Presidents day? Or Turkey Day? Or whatever holiday? Maybe before Labour Day to punish the Socialists 😂 Link to comment Share on other sites More sharing options...
fxfox Posted February 17, 2023 Report Share Posted February 17, 2023 Biatchcoin above 25k again… Jay oh Jay what have you done you idiot?!?! Link to comment Share on other sites More sharing options...
WTF Posted February 17, 2023 Report Share Posted February 17, 2023 Added to my very small, short position on TSLA today on the bounce. Still is a small position but will add to it on any significant spikes higher. Getting to be a grudge trade... I know, don't trade angry but 🤬.... Link to comment Share on other sites More sharing options...
potatohead Posted February 17, 2023 Report Share Posted February 17, 2023 4 minutes ago, WTF said: Added to my very small, short position on TSLA today on the bounce. Still is a small position but will add to it on any significant spikes higher. Getting to be a grudge trade... I know, don't trade angry but 🤬.... may the force be with you Link to comment Share on other sites More sharing options...
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