DrStool Posted January 25 Report Share Posted January 25 The ES, 24 hour S&P futures are perched on the edge of a precipice this morning. Will it jump or soar? The key, initially, looks like 4860. If they break that this morning, then we're looking at 4850, where a trendline intersects with the NY open. Then 4843. That would be the baseline of a potential top pattern. Break that, and bears are in business. On the other hand, if any of these levels holds, the uptrend would remain intact. To keep that going, the ES would need to clear 4880 by mid day. If they do that, then I think we get the obligatory test of the high. Beyond that, we need to look at the longer term projections. It’s 5050 For Sure For moron the markets, see: Primary Dealers Are Maxed Out Again January 24, 2024 It’s 5050 For Sure January 22, 2024 Gold Hits Melting Point January 18, 2024 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 US Economy Didn’t Crash in December? January 4, 2024 US Economy Crashed in December – Nope, See Update January 3, 2024 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 25 Author Report Share Posted January 25 Doink number 1. It’s 5050 For Sure Link to comment Share on other sites More sharing options...
DrStool Posted January 25 Author Report Share Posted January 25 Boing the news. Swing Trade Screen Picks – Adding Shorts Link to comment Share on other sites More sharing options...
potatohead Posted January 25 Report Share Posted January 25 https://www.federalreserve.gov/newsevents/pressreleases/monetary20240124a.htm Link to comment Share on other sites More sharing options...
SiP Posted January 25 Report Share Posted January 25 Great GDP print, inflation slowing, goldilocks Link to comment Share on other sites More sharing options...
specie Posted January 25 Report Share Posted January 25 since when did made up numbers mean anything the not federal no reserve is going to cut off the banksters on 3/11. and they ain't gonna pay no EXTRA juice on any money the banksters stick in there any more Link to comment Share on other sites More sharing options...
SiP Posted January 25 Report Share Posted January 25 AI is a monster move Look at smic (super micro). From 300 to 500 in days. Vertiv is also doing great. Market forget about plain IT like Logitech and focus on "next". And this next is AI. Maybe it will end up like blockchain, nft etc but it's a wave. You ride this wave till drop. Link to comment Share on other sites More sharing options...
specie Posted January 25 Report Share Posted January 25 reading any stock forum/chat it's like Pets.com never happened 1 Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 25 Report Share Posted January 25 12 minutes ago, specie said: reading any stock forum/chat it's like Pets.com never happened Does any of the "AI" have a sock puppet as spokesperson/mascot? 😀 Link to comment Share on other sites More sharing options...
DrStool Posted January 25 Author Report Share Posted January 25 My chart picks list is heavily short. Buy. Link to comment Share on other sites More sharing options...
SiP Posted January 25 Report Share Posted January 25 ECB POLICYMAKERS OPEN TO START DISCUSSING FUTURE RATE CUTS IN MARCH IF DATA POINTS TO INFLATION HITTING 2% THIS YEAR: SOURCES 🔸 ECB POLICYMAKERS SAY MARCH PIVOT WOULD PAVE WAY FOR RATE CUT MOST LIKELY IN JUNE: SOURCES Link to comment Share on other sites More sharing options...
specie Posted January 25 Report Share Posted January 25 i remember being short ICGN when the internet bubble burst. Wonder what today's equivalent is. Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 25 Report Share Posted January 25 The Good Old days......One Split and one BIG Reverse Split (Take A guess) (BIG Company) (US GOVT Sponsored) Covid must had been good for them, just like Y2K-Internet-Yada Yada Yade Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 25 Report Share Posted January 25 And back to "80" on the SPXcter Link to comment Share on other sites More sharing options...
MisFit Kid Posted January 25 Report Share Posted January 25 And JAM JOB the close.....Crime Pays..... Link to comment Share on other sites More sharing options...
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