DrStool Posted November 8, 2023 Report Share Posted November 8, 2023 Then it effs you. But maybe this time is different. Maybe this pattern on the hourly chart of the ES, S&P 24 hour futures is a launchpad. The uptrend channels remain intact as of 7:30 AM in New Yawk. For any material change in trend, the ES would need to end any hour below 4370. And then it would need to break 4350 to create a real top pattern. Feels like a tall odor. Not Just a One Week Wonder Meanwhile, this countertrend bullish move in the bond market (down in yields) is still just that. Countertrend. As the daily chart of the 10 year Treasury yield illustrates. Get it below 4.50. Then we'll talk. Fuggedaboutit! Treasury Supply Ain’t Going Away As for the yellow relic, I think it looks good, but the miners aren't having it. Gold Bullish Pullback But Miners Are Doubtful Let's see how far this pullback goes before we lather up. For moron the markets, see: Gold Bullish Pullback But Miners Are Doubtful November 8, 2023 Swing Trade Screen Picks – More Longs November 7, 2023 Not Just a One Week Wonder November 6, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 Which to Believe, the BLS or Actual Tax Collections November 3, 2023 Here’s Why Macro Liquidity Still Signals Record Danger October 28, 2023 Dealers Pull In Their Horns October 14, 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...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 Big resistance 4395. 2-3 day cycle projection 4400. Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 Hammah Time. Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 Massive hourly spport here. Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 59 minutes ago, DrStool said: Hammah Time. Link to comment Share on other sites More sharing options...
potatohead Posted November 8, 2023 Report Share Posted November 8, 2023 1 hour ago, DrStool said: Hammah Time. Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 boyz musta needed inventory. Gave the tree a good shake. Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2023 Author Report Share Posted November 8, 2023 What a market. Bonne nuit et bonne chance from Nice France. Link to comment Share on other sites More sharing options...
fxfox Posted November 8, 2023 Report Share Posted November 8, 2023 Just for the records: Everywhere I look, EVERYONE and EVERY „eggspurt“ knows for a fact that THE top in rates is in. Only one brave man does not. 😉 Link to comment Share on other sites More sharing options...
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