DrStool Posted May 31, 2023 Report Share Posted May 31, 2023 The problem is that we don't know what the news will be. Will the House pass the debt ceiling deal, or not. In either case should it be sold? Maybe not. The 5 day cycle low is due today, and the projection on the ES 24 hour S&P futures is for a low of 4175-80. In other words, not much downside from here. For moron the markets, see: That Seventies Show May 30, 2023 Gold Gets Closer to the Bottom May 30, 2023 Swing Trade Chart Picks – Numbers Lean Bearish, Charts Don’tMay 26, 2023 Modestly Hedged Dealers, Record Short Hedge Funds Suggest Disaster Ahead May 25, 2023 The Most Widely Forecast Economic Disaster In History May 16, 2023 The Big One is Coming May 3, 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...
fxfox Posted May 31, 2023 Report Share Posted May 31, 2023 Doesn‘t yest high look a bit middle-fingerish? 😇 If I remember correctly The Coin Guy was looking for a blow off top around 4250… Link to comment Share on other sites More sharing options...
DrStool Posted May 31, 2023 Author Report Share Posted May 31, 2023 This is about where we should get our pivot. Link to comment Share on other sites More sharing options...
DrStool Posted May 31, 2023 Author Report Share Posted May 31, 2023 Can't confirm yet. Need to clear 4200. But it's a start. Gotta nibble before you can swallow. Or something. Link to comment Share on other sites More sharing options...
DrStool Posted May 31, 2023 Author Report Share Posted May 31, 2023 Busted. No swallowing. 5 day cycle projection drops to 4160. Link to comment Share on other sites More sharing options...
potatohead Posted May 31, 2023 Report Share Posted May 31, 2023 2 hours ago, DrStool said: Busted. No swallowing. 5 day cycle projection drops to 4160. I thing I did not know before today....the market is a spitter and not a swallower Link to comment Share on other sites More sharing options...
DrStool Posted May 31, 2023 Author Report Share Posted May 31, 2023 Hmmmm... Meanwhile, 5 day cycle projection now looks honed in to 4170. Ideally, due for a low now. Link to comment Share on other sites More sharing options...
SiP Posted May 31, 2023 Report Share Posted May 31, 2023 Nasdaq 100 hit fibo - if that was correction instead of bull run, this is it Eurusd - loooking for 1.06 (close) Broad selloff in PLN (EMFX) Link to comment Share on other sites More sharing options...
WTF Posted May 31, 2023 Report Share Posted May 31, 2023 Not a bear to be found... PERFECT! Link to comment Share on other sites More sharing options...
DrStool Posted May 31, 2023 Author Report Share Posted May 31, 2023 Heading into the close still no confirmation of 5 day cycle low. Stay tuned to your local station for the latest news overnight. From Gdynia, Gdnightia. Link to comment Share on other sites More sharing options...
WTF Posted May 31, 2023 Report Share Posted May 31, 2023 XOI breaking 1600. Wonder what that means??? Oh well, BUY AI!!!! Link to comment Share on other sites More sharing options...
fxfox Posted May 31, 2023 Report Share Posted May 31, 2023 DAX monthly candle not looking good… Europe went up first and very powerfull. I found that weird. Bear markets were never ended by Europe. The US „says“ when a bear market ends, not Europe. Link to comment Share on other sites More sharing options...
fxfox Posted May 31, 2023 Report Share Posted May 31, 2023 2 minutes ago, WTF said: XOI breaking 1600. Wonder what that means??? Oh well, BUY AI!!!! Oil and Copper down the crapper. Bullish? 😇 Link to comment Share on other sites More sharing options...
fxfox Posted May 31, 2023 Report Share Posted May 31, 2023 And then there we have this stock which gets bombed higher by the AI mania: Super Micro Computer (SMCI) Are they kidding me? This a 70s name for a stock! It‘s like the name of Mr Washee Washee’s Dry Cleaner Link to comment Share on other sites More sharing options...
WTF Posted May 31, 2023 Report Share Posted May 31, 2023 The Great Wall of (Worry) - China "reopening"... how's that going? WTF Link to comment Share on other sites More sharing options...
Recommended Posts