DrStool Posted February 28 Report Share Posted February 28 Yesterday, I speculated that the ES, 24 hour S&P futures might trade in a 5050-80 range. That's pretty much what has happened in the past 24 hours with the exception of a brief foray a few points above 5080. So far, this looks like a benign consolidation coming to the onset of a 5 day cycle up phase due this morning. As of 6 AM New York time, the ES is locked in the center of that mild 3 day downtrend. If it stays above 5053 this morning it will be in good shape for an upside breakout from this consolidation. Conversely, if it takes out that low, failed bottoms are the worst. Last ditch spport lines are at 5048 and 5043. If they break, the floodgates could open into a falling knife low as low as 5030 or 5005, late this afternoon. This could go either way, or no way. In that case, it would race through the auto track toward the Dick Trickle Memorial Point at 5063 at 10 AM Thursday. 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 28 Author Report Share Posted February 28 Orderly bull market. Link to comment Share on other sites More sharing options...
SiP Posted February 28 Report Share Posted February 28 This year is different than one could have predicted - the markets are non-stop going up, like bitcoin. It suppose to be a bottom in late feb or early in march. Link to comment Share on other sites More sharing options...
specie Posted February 28 Report Share Posted February 28 BITI just for fun Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 28 Report Share Posted February 28 11 minutes ago, specie said: BITI just for fun Be Careful, If it is Fun, Fun, Fun They might take your T-Bird Away..... 🙂 >: I have wondered about BITO for a couple of years now, it just does not make sense (Yet?) Link to comment Share on other sites More sharing options...
specie Posted February 28 Report Share Posted February 28 BITI inverse bitcon ETF 1 Link to comment Share on other sites More sharing options...
DrStool Posted February 28 Author Report Share Posted February 28 Just saw that BMBL is changing its symbol to BMFK. Link to comment Share on other sites More sharing options...
DrStool Posted February 28 Author Report Share Posted February 28 Link to comment Share on other sites More sharing options...
MisFit Kid Posted February 28 Report Share Posted February 28 26 minutes ago, specie said: BITI inverse bitcon ETF OK BITO is Bitcon Strategy ETF (ProShares) BITX is 2x "Strategy" How Many more, the world may never know........Good Luck.... Link to comment Share on other sites More sharing options...
fxfox Posted February 28 Report Share Posted February 28 Snowflake down 22%… Link to comment Share on other sites More sharing options...
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