DrStool Posted November 29, 2023 Report Share Posted November 29, 2023 Yes, the ES 24 hour S&P futures have broken out here in the pre market. But the conventional measured move implication is only 4590, because the base is so shallow. That's also the area of a couple of trend resistance lines in the first couple hours of regular NY trading. Now, if they clear that, then I'd get excited if I was a bull. Which leads me to wonder what you call someone who is long stocks, but hates it? Anyway, this thing is due for a 3 and 5 day cycle high this morning, so the odds don't favor an extension of the breakout. Maybe after consolidating or pulling back over the next day or two. But that's putting the cow ahead of the horse. 420 Friendly Market Just don't inhale too deeply. For moron the markets, see: Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023 420 Friendly Market November 27, 2023 Gold Sets Up Potential High Base BreakoutNovember 24, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023 Gold Sets Up Potential High Base Breakout November 24, 2023 A Rally Can’t Live on Hope Alone November 20, 2023 Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023 Which to Believe, the BLS or Actual Tax Collections November 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. Link to comment Share on other sites More sharing options...
TurdButter Posted November 29, 2023 Report Share Posted November 29, 2023 Almost to a wake 'n bake. Link to comment Share on other sites More sharing options...
SiP Posted November 29, 2023 Report Share Posted November 29, 2023 5000 on SPX coming. Gold to make ATH in USD also. Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 Gold Breaks Out Targets Higher LEE ADLER 3 - GOLD TRADER NOVEMBER 29, 2023 Gold has made a beautiful high base breakout that has a conventional measured move target of around xxxx. The 9-12 month cycle now has a projection of xxxxxx, with a high ideally due between xxxxxxx and xxxxxxx. The 13-week cycle projection is xxxx. That cycle is out of sync, with xxxxx xxxxx time frame for a top. Short-term cycle peaks are due xxxxxxxx xxxxxxx xxxxxxxxxx, with projections ranging from xxxx to xxxx. Our miner swing trade chart picks are now up 16%. I’m adding two more to the list. Non-subscribers click here for access. Subscribers, click here to download the report. Try Lee Adler’s Gold Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 5 day cycle projection now 4600-4605. Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 What is the hottest thing in automotive stocks. GM As GM goes, so goes the country. Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 29, 2023 Report Share Posted November 29, 2023 40 minutes ago, DrStool said: What is the hottest thing in automotive stocks. GM As GM goes, so goes the country. Gotta be destiny, given William Durant's middle name. Link to comment Share on other sites More sharing options...
fxfox Posted November 29, 2023 Report Share Posted November 29, 2023 6 minutes ago, PullMyFinger said: Gotta be destiny, given William Durant's middle name. Crapo Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 Was there some news? Link to comment Share on other sites More sharing options...
fxfox Posted November 29, 2023 Report Share Posted November 29, 2023 Look at Italian and German 10 year rates monthly chart. Sep, Oct, Nov candle looks like classic reversal pattern. Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 15 minutes ago, fxfox said: Look at Italian and German 10 year rates monthly chart. Sep, Oct, Nov candle looks like classic reversal pattern. Post it. Link to comment Share on other sites More sharing options...
fxfox Posted November 29, 2023 Report Share Posted November 29, 2023 Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 Yeah but... Link to comment Share on other sites More sharing options...
fxfox Posted November 29, 2023 Report Share Posted November 29, 2023 52 minutes ago, DrStool said: Yeah but... … which investors would buy all the debt if rates would go down? Link to comment Share on other sites More sharing options...
DrStool Posted November 29, 2023 Author Report Share Posted November 29, 2023 Link to comment Share on other sites More sharing options...
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