DrStool Posted February 6 Report Share Posted February 6 The market is triangulating. As of 7:30 AM ET, the ES 24 hour S&P futures are riding the lower line of the pattern at 4936, inching toward an apex of 4940 as of the NY close. The closer it gets to that point without breaking one way or the other, the less likely it becomes that anything will happen. Boring. But a break in the pre market could still generate some power, either way. We'll just have to wait and see. I don't see any tells here. Hourly cycle indicators aren't any help here. They're meandering near dead neutral. A 2-3 day cycle projection of 4915 was almost reached in yesterday's little selloff. So that's a non issue as well. Looks like a good day for a long nap. Is This the End, or Only the Beginning This looks interesting though. Assuming they clear 4.20 today, the breakout would have a conventional measured move target of 4.60. And I think that would just be for starters. What’s Up with Down Withholding Tax Collections For moron the markets, see: Is This the End, or Only the Beginning February 5, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 In the Goldrums February 2, 2024 Swing Trade Screen Picks – Clearing Out the Shorts January 30, 2024 Fed Balance Sheet Right Now Says Bears Should Get Ready to Rumble January 28, 2024 Primary Dealers Are Maxed Out Again January 24, 2024 US Economy Crashed in December – Nope, See Update January 3, 2024 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 February 6 Author Report Share Posted February 6 On the verge Link to comment Share on other sites More sharing options...
DrStool Posted February 6 Author Report Share Posted February 6 of going nowhere fast. Link to comment Share on other sites More sharing options...
WTF Posted February 6 Report Share Posted February 6 One Stock to rule them all, One Stock to find them, One Stock to bring them all, and in the darkness bind them... NVDA... the most magical of all the magic beans... every tick must be followed... This market is fucked... just doesn't know it yet... Link to comment Share on other sites More sharing options...
Takachi-1 Posted February 6 Report Share Posted February 6 nibbled at some TYO earlier this morning. I need something to replace my nat gas leveraged play until it gets back to a uptrend Link to comment Share on other sites More sharing options...
specie Posted February 6 Report Share Posted February 6 I thought we had a fib retrace on the treasuries but i'm never sure of anything. What day is this? Link to comment Share on other sites More sharing options...
fxfox Posted February 6 Report Share Posted February 6 Ha! There we have it, the famous helicopter crash, like I said few days ago: https://www.reuters.com/world/americas/chile-ex-president-sebastianpinera-dies-helicopter-crash-local-media-says-2024-02-06/ That‘s a message for Milei, he will be next. They gonna use a Cesna for him. Link to comment Share on other sites More sharing options...
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