DrStool Posted September 13 Report Share Posted September 13 Could we get an early 5 day cycle low here on the ES, 24 hour S&P futures. A merged 3 day and 5 day cycle expressed as a 4 day period is neither rare, nor unusual. This could be it, here at 5:30 AM ET. Or maybe not. The key would be an hourly close above 4465. That could trigger more buying and the onset of a 5 day cycle up phase. On the other hand a drop below 4450 could open the flood gates. All the way down to 4440, or even 4438, god for bid. Market Needs a Pop Now Meanwhile, over in the land of Bond, the 10 year yield looks ready to blow the roof off. Here’s Why This Stuck Market Is Not Surprising You want to talk boring. Gold. They keep boring for it, and coming up empty. Is this a key juncture. Or what. Gold Teeters Toward Disaster For moron the markets, see: Gold Teeters Toward Disaster September 13, 2023 Here’s Why This Stuck Market Is Not Surprising September 13, 2023 Reset Week Leaves List Uncomfortable September 11, 2023 Market Needs a Pop Now September 11, 2023 Beware! Jobs Really Much Weaker Than They Say September 4, 2023 Here’s Why This Is a No Clickbait Market for Primary Dealers August 24, 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. Link to comment Share on other sites More sharing options...
fxfox Posted September 13 Report Share Posted September 13 CPI higher than expected, but no follow thru to the downside in stocks --> Doc no heart attack, praises his full tits long fartpolio Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 The inflation report is meaningless. The housing inflation data is wrong, as always. And it's the biggest component. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 CPI doesn't measure inflation. Nor does it measure consumer prices. It's just a completely phony construct for the purpose of suppressing the automatically indexed increases in labor contracts, and government benefits, salaries, and contracts. Sometimes it bites them in the ass. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 4 hours ago, DrStool said: The key would be an hourly close above 4465. That could trigger more buying and the onset of a 5 day cycle up phase. Still needed to break the downtrend, which remains intact. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 1 hour ago, fxfox said: CPI higher than expected, but no follow thru to the downside in stocks --> Doc no heart attack, praises his full tits long fartpolio You should see my personal port. I loaded up over the past 3 days. What the hell. Life is short, but I am long. 1 Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 Another stall. The range narrows. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 Ah. Reverse jinx. My luck is improving. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 Methinks I doth spaketh too sooneth. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 Link to comment Share on other sites More sharing options...
potatohead Posted September 13 Report Share Posted September 13 just sent an inquiry to support. Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 3 hours ago, potatohead said: just sent an inquiry to support. Responded by email. 😊 1 Link to comment Share on other sites More sharing options...
DrStool Posted September 13 Author Report Share Posted September 13 Breakdance. Link to comment Share on other sites More sharing options...
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