DrStool Posted October 17 Report Share Posted October 17 A stalled, messy, rangebound market leaves a chopped up chart picture on the ES 24 hour S&P futures. But a 5 day cycle projection points to 4400. So I have both longs and shorts in my trading port today. Of course I expect to profit from neither. Trading is not my for tay. Anal is is, yes! . Cycles Still Lean One Way, Not t’Other There are mostly green channels on this chart. There's one little red flag, literally. If the ES is above 4367 at the NY open, then it's a bullish red flag. Only if the market is below 4350 at noon ET, will the outlook be redder. I won't try to guess now which way this will tilt. I just hope to lift the right leg when the time comes. Next, I asked my Magic 8 Ball if the US Treasury 10 year yield was heading for 5% and beyond. Here was the response. Here's one reason why. Dealers Pull In Their Horns I then asked it if gold would again exceed 2000. It was less committal. It seems that it will withhold the answer until after today. When the Market Is Ready, an Event Will Appear For moron the markets, see: When the Market Is Ready, an Event Will Appear October 16, 2023 Cycles Still Lean One Way, Not t’Other October 15, 2023 Dealers Pull In Their Horns October 14, 2023 Veal Market – Baby Calves Get Slaughtered October 9, 2023 Gold Breaks Down, With Long Term Implications October 5, 2023 Tepid Tax Collections Mean It’s the Supply October 4, 2023 The Rhymes of History September 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 October 17 Report Share Posted October 17 Doc, great headline today! Your work reagrding interest rates and how they are influenced by liquidity conditions and issucance/paydowns by the Treasury is OUTSTANDING! Link to comment Share on other sites More sharing options...
potatohead Posted October 17 Report Share Posted October 17 56 minutes ago, fxfox said: Doc, great headline today! Your work reagrding interest rates and how they are influenced by liquidity conditions and issucance/paydowns by the Treasury is OUTSTANDING! I second the motion Link to comment Share on other sites More sharing options...
fxfox Posted October 17 Report Share Posted October 17 Well, looks like someone doesn‘t want stocks to fall Link to comment Share on other sites More sharing options...
DrStool Posted October 17 Author Report Share Posted October 17 5 day cycle projection 4420. Link to comment Share on other sites More sharing options...
DrStool Posted October 17 Author Report Share Posted October 17 25 minutes ago, DrStool said: 5 day cycle projection 4420. Ah.... something tells me that's not gonna happen. Link to comment Share on other sites More sharing options...
DrStool Posted October 17 Author Report Share Posted October 17 Mindless ill liquidity. Link to comment Share on other sites More sharing options...
fxfox Posted October 17 Report Share Posted October 17 I think they run the „war program“. The S&P would be at 4360 even if there would be an all out thermonuclear war against Iran. Link to comment Share on other sites More sharing options...
The CoinGuy Posted October 17 Report Share Posted October 17 When the reversals come...better respect the direction because the hits will keep on coming. I myself am watching the ^XOI closely for a triple top...or an explosion out of the wall at 1,920. Across ALL markets...the dominoes are lining up. We're getting close...to something. The CoinGuy 1 Link to comment Share on other sites More sharing options...
fxfox Posted October 17 Report Share Posted October 17 😂🎉🎈😂 Link to comment Share on other sites More sharing options...
Jorma Posted October 18 Report Share Posted October 18 The music has stopped so why is everyone still dancing? Link to comment Share on other sites More sharing options...
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