DrStool Posted February 21, 2023 Report Share Posted February 21, 2023 Well, yeah-ah! Or maybe not. The 5 day cycle projection is 4037, all but done. And we have the makings of a 5 day cycle low here in the early pre market, with hourly oscillators in a positive divergence from the ES, S&P 500 24 hour futures. Now on the hourly chart, we have some impressive looking trading swings. But the reality is more like this. I'm staying away from this meat grinder. Meanwhile, Onward, Bond Vigilantes! Here's the 10 year yield hourly. Look at what's happened since the US Treasury started absolutely massacreing the market with T-bill supply in February. This ripples through the entire yield curve. Looks like another surge on tap today. Meanwhile, for the big picture. Bears Challenge Bulls to A Duel – Here’s Who Gets Shot For moron the markets, see: Swing Trade Screen Picks – Ambiguity Central February 21, 2023 Bears Challenge Bulls to A Duel – Here’s Who Gets Shot February 21, 2023 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 21, 2023 Author Report Share Posted February 21, 2023 Man overboard! Almost. Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 Lotta sell signals in the oil patch. Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 Double bottom, 6 hours apart. Positive divergences on hourly, 30 minute, and 15 minute bars. Should be a low to start the day. Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 Did I mention on Friday that the market would crash on Monday? I forget. I KNOW it's not MONDAY, but YOU know what I mean. 😄😄😄 Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 2-3 day cycle projection 3990. That's right! Just 4 easy payments of 3990. Act now while supplies last! Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 Top pattern breakdown has conventional measured move target around 3925. Link to comment Share on other sites More sharing options...
fxfox Posted February 21, 2023 Report Share Posted February 21, 2023 A hard down day, but Doc speaks with himself. Bearish. Link to comment Share on other sites More sharing options...
fxfox Posted February 21, 2023 Report Share Posted February 21, 2023 One of the biggest permanent scams of Wall Street is „Forward P/E“. It is based on assumptions. I can assume basically anything. Link to comment Share on other sites More sharing options...
fxfox Posted February 21, 2023 Report Share Posted February 21, 2023 SOX monthly candle, ou la la, mon dieu mon dieu… Link to comment Share on other sites More sharing options...
fxfox Posted February 21, 2023 Report Share Posted February 21, 2023 Hello? Heeeellloooo? Nobody here. Bearish. Link to comment Share on other sites More sharing options...
PullMyFinger Posted February 21, 2023 Report Share Posted February 21, 2023 FOMC minutes tomorrow. The reactions to that should lend itself to a normal, measured, rational and well-reasoned trading day. 🤡 Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 M 4 hours ago, DrStool said: 2-3 day cycle projection 3990. That's right! Just 4 easy payments of 3990. Act now while supplies last! Make that 3995! That's right, just 3995 folks! WHILE SUPPLIES LAST! Link to comment Share on other sites More sharing options...
DrStool Posted February 21, 2023 Author Report Share Posted February 21, 2023 1 minute ago, PullMyFinger said: FOMC minutes tomorrow. The reactions to that should lend itself to a normal, measured, rational and well-reasoned trading day. 🤡 As always. Link to comment Share on other sites More sharing options...
WTF Posted February 21, 2023 Report Share Posted February 21, 2023 WTF??? Where is the moonshot of TSLA to $220 to save the equity world? All eyes watching with bated breath (if that is possible). If not today, there is always tomorrow. Still hoping the gully-bull can push this up to the gap at 4,230. Link to comment Share on other sites More sharing options...
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