DrStool Posted January 18 Report Share Posted January 18 The ES 24 hour S&P futures have rebounded overnight. The 5 day cycle has turned upward, with a peak due either today or tomorrow. It's too early for a 5 day cycle projection, but a 2-3 day cycle projection looks like 4760-65. That's also the conventional measured move implication of a small base breakout. The rally has already broken through several trend resistance lines on the hourly chart. The next resistance area is 4762-65, corresponding nicely with the price projections. A rollover below that, especially if they can't get it past 4756, would be bearish. Uptrend channel support is at 4745 as of 6 AM ET. That rises to 4748 at the NY open, and 4757 at the close. Stock Market Is Having Irving Fisher Moment Meanwhile 4.10 is a key level on the 10 year Treasury yield. It's the locus of the 200 day MA and also a chart resistance level. If they get through that, look for 4.28-.30 over the next week. Otherwise, pull back to 3.90-.95 first. Weekly Bank Data and Fed Balance Sheet Say the End is Nigh For moron the markets, see: Swing Trade Screen Picks – Ready for Blast Off or Dive Dive! January 17, 2024 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...
Jorma Posted January 18 Report Share Posted January 18 I saw on the internet that BTC is going to a million. Did you IBIT? Did IBIT? https://www.ishares.com/us/products/333011/ishares-bitcoin-trust Link to comment Share on other sites More sharing options...
DrStool Posted January 18 Author Report Share Posted January 18 Gold Hits Melting Point LEE ADLER 3 - GOLD TRADER JANUARY 18, 2024 Gold has broken trend support and is taking aim at the next support level around xxxx. This does not bode well for an upside breakout on the next rally. But if they hold above xxxx, the outlook would still be moderately bullish for the xxxxxxxxxxxxxx period. Non-subscribers click here for access. The outlook for the mining stocks is no better. 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...
fxfox Posted January 18 Report Share Posted January 18 Look at the 10y Link to comment Share on other sites More sharing options...
fxfox Posted January 18 Report Share Posted January 18 Tesla looks topish. Their WLTP range is a hoax. It is an outright betrayal of their customers and their Head of Marketing should be sent to Gitmo. Link to comment Share on other sites More sharing options...
fxfox Posted January 18 Report Share Posted January 18 Bill passes Senate. Dumbocrats can make more debt and advise Poopwell to make more dove talk. Go Janet! Link to comment Share on other sites More sharing options...
DrStool Posted January 18 Author Report Share Posted January 18 I don't know what to make of this. Link to comment Share on other sites More sharing options...
DrStool Posted January 18 Author Report Share Posted January 18 2 hours ago, fxfox said: Look at the 10y Link to comment Share on other sites More sharing options...
DrStool Posted January 18 Author Report Share Posted January 18 2 hours ago, fxfox said: Tesla looks topish. Their WLTP range is a hoax. It is an outright betrayal of their customers and their Head of Marketing should be sent to Gitmo. Is that like WKRP? Link to comment Share on other sites More sharing options...
fxfox Posted January 18 Report Share Posted January 18 20 minutes ago, DrStool said: Is that like WKRP? No. They are not from Cindyneddy. Link to comment Share on other sites More sharing options...
fxfox Posted January 18 Report Share Posted January 18 Buttcoin below 41000. Who could have seen this comming? Who! Link to comment Share on other sites More sharing options...
DrStool Posted January 18 Author Report Share Posted January 18 Blastoff. 5 day cycle projection 4800. Link to comment Share on other sites More sharing options...
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