DrStool Posted November 30, 2023 Report Share Posted November 30, 2023 This market reminds me of Never Nowhere All At Once. Did you see that movie? The pattern on the hourly chart of the ES, 24 hour S&P futures looks like it could be a top, but then we see that pattern of higher lows which makes me think that it isn't. And so, we wait for resolution. The market must still prove that it can break through the zone of major resistance from 4540 to 4600. The first challenge this morning will be to clear 4565. If they clear that, then today should be marked by an attempt to test yesterday's high of 4587. But if they fail to clear 4565, then we look down to 4538 as the last line of de fence for da bulls. Below that, bears would have some running room to at least ohmagawd, 4530. I don't see this range being broken today, but l know absolutely nothing. I'm just guessing. Not just today, but all the time. My guess is that if they do roll over today, then we get another down day after this to complete a 5 day cycle down phase. As for the longer term, it looks like a 420 Friendly Market Take that for what it's worth. I'm gonna renovate a bathroom. Going tile shopping today. See you later! 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 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...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 Wow! What's moving the Dow? Huh,huh, huh! Link to comment Share on other sites More sharing options...
WTF Posted November 30, 2023 Report Share Posted November 30, 2023 Salesforce up 6.7% today... but no worries, with a 93P/E only up from here... Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 2 hours ago, WTF said: Salesforce up 6.7% today... but no worries, with a 93P/E only up from here... I didn't realize that Salesfarce was in the Dow. But tis. It and Boing are the big movers. Link to comment Share on other sites More sharing options...
fxfox Posted November 30, 2023 Report Share Posted November 30, 2023 Link to comment Share on other sites More sharing options...
PullMyFinger Posted November 30, 2023 Report Share Posted November 30, 2023 Ford Pinto you say? Nah, you gotta hand it to the Germans--you make great cars. 1 Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 Ain't no denyin it now. They're in the groove. They're on the move. Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 It's incomplete! Fourth down! Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 NO. IT'S INTERCEPTED! DEFENSIVE BACK CAUGHT IT BEFORE IT HIT THE GROUND! BULLS BALL!!! Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 And they run it back to the Bears 45. First and 10 to start the last month! Link to comment Share on other sites More sharing options...
DrStool Posted November 30, 2023 Author Report Share Posted November 30, 2023 In the words of immortal John Facenda, the voice of NFL films I say to you Do have a nice night, And a good day tomorrow. Good night all! Et bonne nuit et bonne chance! Link to comment Share on other sites More sharing options...
SiP Posted November 30, 2023 Report Share Posted November 30, 2023 Bulls controlling the market, everyone keep positioning for obvious santa rally. Sideway correction and a ATH at Dow is imminent z then SPX and others will join. Link to comment Share on other sites More sharing options...
SiP Posted November 30, 2023 Report Share Posted November 30, 2023 Biggest Blowout in Bonds Since the 1980s Sparks Everything Rally https://ca.finance.yahoo.com/news/biggest-blowout-bonds-since-1980s-001100082.html Link to comment Share on other sites More sharing options...
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