DrStool Posted February 21 Report Share Posted February 21 The hourly chart of the ES 24 hour S&P futures has broken the uptrend that began in early January, but the break doesn't mean it's over. As you know, it ain't over till it's over. Or until the fat lady sings. Neither has yet happened. Meanwhile the ES triangulates toward 4963 at 1 PM in New York, at which time the market will have reached a perfect equilibrium price and will shut down in recognition. No one knows when it will reopen, or at what price. Stay tuned to your local business news channel for the latest developments. Any price movement between 4955 and 4977 will be meaningless. When that range is broken, we'll get a little move. There's more room for something significant on the downside than the upside. But that's only very short term. Like today and Tamara. Charts Say- Read My Lips, One More Rally For moron the markets, see: Charts Say- Read My Lips, One More Rally February 20, 2024 Market Sentiment vs. Liquidity Reaches Historical Hysterical February 19, 2024 Swing Trade Screen Picks – List Recovers Both Ways.February 15, 2024 With Modest Hopes for Gold, 4 Mining Picks to Swing February 13, 2024 This Will Be the Week That Was February 11, 2024 What’s Up with Down Withholding Tax Collections February 4, 2024 Primary Dealers Are Maxed Out Again January 24, 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 21 Author Report Share Posted February 21 The 10 year yield is marking time. If it doesn't drop below 4.24 today it's likely to head for 4.50 PDQ. Market Sentiment vs. Liquidity Reaches Historical Hysterical Link to comment Share on other sites More sharing options...
DrStool Posted February 21 Author Report Share Posted February 21 5 hours ago, DrStool said: Meanwhile the ES triangulates toward 4963 at 1 PM in New York Link to comment Share on other sites More sharing options...
specie Posted February 21 Report Share Posted February 21 NVDA low of 666. what does that indicate? Link to comment Share on other sites More sharing options...
DrStool Posted February 21 Author Report Share Posted February 21 Link to comment Share on other sites More sharing options...
fxfox Posted February 21 Report Share Posted February 21 24 minutes ago, specie said: NVDA low of 666. what does that indicate? 666 was the 2009 S&P low. BTFD. 😂 Link to comment Share on other sites More sharing options...
DrStool Posted February 21 Author Report Share Posted February 21 Spike bottom there smells like desperation before diarrhea. Link to comment Share on other sites More sharing options...
DrStool Posted February 21 Author Report Share Posted February 21 But, almost a breakout. Link to comment Share on other sites More sharing options...
DrStool Posted February 21 Author Report Share Posted February 21 Link to comment Share on other sites More sharing options...
fxfox Posted February 21 Report Share Posted February 21 Nvidia up 8% AI AI AI Link to comment Share on other sites More sharing options...
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