DrStool Posted January 17 Report Share Posted January 17 The stock market is trying to make a stand at support this morning. The ES 24 hour S&P futures are testing trend spport lines, and so far, they are holding. The number to watch is 4737. If that's broken, the floodgates could open. Or maybe not. There's another line at 4727 that could generate a bounce. If that breaks, I think we're gonna have some fun anight, have some fun anight, woo. If not, anything between here and 4764 is a no man's land, with no decision on direction. Above that would be bullish all the way to 4772 woo. That's trend resistance at the end of New York trading today. If that's cleared bull party time. Stock Market Is Having Irving Fisher Moment Meanwhile here we are at a moment of trud in the bond market. Weekly Bank Data and Fed Balance Sheet Say the End is Nigh For moron the markets, see: Weekly Bank Data and Fed Balance Sheet Say the End is Nigh January 16, 2024 Stock Market Is Having Irving Fisher Moment January 15, 2024 Gold Outlook Increasingly Hopeless January 11, 2024 Swing Trade Screen Picks – Market Lacks Conviction, But 3 New Picks Have Potential January 9, 2024 US Economy Didn’t Crash in December? January 4, 2024 US Economy Crashed in December – Nope, See Update January 3, 2024 Macro Liquidity – The Party’s Over January 1, 2024 Dealers Stay Extended December 16, 2023 This Chart Tells Us Exactly When the Bull Market Will End November 26, 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 January 17 Author Report Share Posted January 17 Oops. Stronger than expected retail sales. Ready for Blast Off or Dive Dive! Link to comment Share on other sites More sharing options...
DrStool Posted January 17 Author Report Share Posted January 17 10 year yield has edged above the 200 day MA at 4.10. If this sticks, next stop 4.30. Weekly Bank Data and Fed Balance Sheet Say the End is Nigh Link to comment Share on other sites More sharing options...
DrStool Posted January 17 Author Report Share Posted January 17 Check out where this bounce started. Stock Market Is Having Irving Fisher Moment Link to comment Share on other sites More sharing options...
DrStool Posted January 17 Author Report Share Posted January 17 Oh when BTC breaks 40,000. Link to comment Share on other sites More sharing options...
DrStool Posted January 17 Author Report Share Posted January 17 Keep an eye on this, boys and girls. It has been instructive in the past. Ready for Blast Off or Dive Dive! Link to comment Share on other sites More sharing options...
DrStool Posted January 17 Author Report Share Posted January 17 The breakdown of this top pattern has a conventional measured move implication of 4660. Stock Market Is Having Irving Fisher Moment Link to comment Share on other sites More sharing options...
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