DrStool Posted May 22 Report Share Posted May 22 When will it end? A 3 day cycle low is due this morning. There's no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214. I'd be more bullish if this were a 5 day cycle low juncture. But that's not ideally due until Wednesday. The problem for bears here is that if there's no breakdown, by Wednesday, it would set up another squeeze. Non Functional GPS Market For moron the markets, see: Non Functional GPS Market May 22, 2023 Swing Trade Chart Picks – Let’s Get Ready to Rumble May 18, 2023 Gold’s Immaculate Correction May 19, 2023 The Most Widely Forecast Economic Disaster In History May 16, 2023 Weak Real Time Withholding Taxes Set Up a Showdown May 4, 2023 The Big One is Coming May 3, 2023 Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023 The Fed’s Circle Jerk, is ‘Twerking? April 18, 2023 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. If you're serious about the underlying forces of supply and demand that drive the markets, join me! Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 22 Report Share Posted May 22 A Blue Moon is coming in August... Best of Luck, The CoinGuy Link to comment Share on other sites More sharing options...
SiP Posted May 22 Report Share Posted May 22 long is strong Link to comment Share on other sites More sharing options...
WTF Posted May 22 Report Share Posted May 22 7 hours ago, The CoinGuy said: A Blue Moon is coming in August... Best of Luck, The CoinGuy Interesting past price action... Link to comment Share on other sites More sharing options...
SiP Posted May 22 Report Share Posted May 22 Nobody cares about debt ceiling. indices keep marching higher on the wall of worry. Most people will treat the sell off (in case of kaboom) as a buying opportunity because we know how it worked last time. Link to comment Share on other sites More sharing options...
WTF Posted May 22 Report Share Posted May 22 13 minutes ago, SiP said: Nobody cares about debt ceiling. indices keep marching higher on the wall of worry. Most people will treat the sell off (in case of kaboom) as a buying opportunity because we know how it worked last time. This is what makes a market... best of luck. Link to comment Share on other sites More sharing options...
The CoinGuy Posted May 22 Report Share Posted May 22 5 hours ago, WTF said: Interesting past price action... Good evening... I had a larger post this morning, but I felt the message was muddled and didn't bring as much to the table as I intended. Just too many distractions. Every time I tried to sit down and concentrate on something...I was interrupted. "Long is strong"? I admire anyone who invests along the lines of their convictions. For me, the only arbiter of truth is the market itself. Best, The CoinGuy oh...and... I'm going to park this here... Please ignore the T.L, N.L, T.H, N.H. in the chart...it is something I haven't had a chance to cover on this site. Link to comment Share on other sites More sharing options...
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