DrStool Posted February 27 Report Share Posted February 27 The action of the last two days in the ES, 24 hour S&P futures, looks like an orderly consolidation so far. There's still a 5 day cycle projection of 5050 hanging out there, and a cycle low isn't ideally due until Wednesday. That said, the hourly oscillators are acting like they want to bottom here. An end of day reading above 5080 would confirm an up phase. Looking down, if they break 5050, that would signal downside acceleration. I don't even know if that's possible at this point. There are additional, more important spport lines around 5040-45. More likely, they'll get stuck in a 5050-5080 congestion zone today. Just as I finished this there was a spurt to bring the hourly indicators closer to buy signals. Not quite there yet, but New York traders are still sound asleep. Let's see what happens when they start opening their trading screens at their bedsides in the next hour. Meanwhile, it's up to the Euro peons. Charts Say- All Important Monday For moron the markets, see: Charts Say- All Important Monday February 26, 2024 Gold Holds for HoldFebruary 24, 2024 Swing Trade Screen Picks – What Happens When Not Holding the Mag Seven February 23, 2024 Market Sentiment vs. Liquidity Reaches Historical Hysterical February 19, 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 27 Author Report Share Posted February 27 Speaking of the euro, here it is overlaid with the S&P. I'm a constant buyer of EUR, using this chart to try to time my purchases. As most of you know, I earn my living in USD and live in Euroland, so this is by necessity. Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 Meanwhile, the 10 year Treasury yield has gone into a holding action. It needs to drop below 4.20 to give the bond bulls any semblance of hope. Otherwise, abandon it, all ye who enter here. We Don’t Need No Stinkin’ Fed – We Make Money from Nothing Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 The yellow stuff might be working on a high base consolidation that would measure to around 2300 on a successful breakout. But there are obvious levels that would signal big trouble if broken. Gold Holds for Hold Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 Finally, Bitcoin, like plastic, is the future. Obviously headed for 71k. Crime pays. Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 6 hours ago, DrStool said: More likely, they'll get stuck in a 5050-5080 congestion zone today. Zeyewuzsain. Link to comment Share on other sites More sharing options...
Takachi-1 Posted February 27 Report Share Posted February 27 zuzzwuztwuuz Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 Wa? Link to comment Share on other sites More sharing options...
fxfox Posted February 27 Report Share Posted February 27 Link to comment Share on other sites More sharing options...
potatohead Posted February 27 Report Share Posted February 27 3 hours ago, fxfox said: Why do I get the sense this video is for all those who did not invest in Bitcoin......who could spend 9 hours of listening to this, really? Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 11 hours ago, DrStool said: More likely, they'll get stuck in a 5050-5080 congestion zone today. Nailed it. Only slightly cleared 5080 in the after mock it. Link to comment Share on other sites More sharing options...
DrStool Posted February 27 Author Report Share Posted February 27 My dating luck is changing. I shorted Bumble early in the day. It dropped a quarterly report turd after the bell. A big, humongous turd. Link to comment Share on other sites More sharing options...
fxfox Posted February 27 Report Share Posted February 27 1 hour ago, DrStool said: My dating luck is changing. I shorted Bumble early in the day. It dropped a quarterly report turd after the bell. A big, humongous turd. Congrats! 🥳🎈 Short weakness, buy strengh. Link to comment Share on other sites More sharing options...
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