DrStool Posted March 7 Report Share Posted March 7 What else is new? The pattern on the hourly chart of the ES, 24 hour S&P futures is bullish again. It's on its way to test the minor high of 5130. If they consolidate there, as I expect they will, the 5 day cycle projection would work out to around 5155, which would slightly exceed last week's high. Meanwhile, any action, whether up or down, within the current range of 5082-5128 won't mean much until they break it, one way or the other. The current look shows that an upside break is more likely, but if it's to the downside, then I'd look to retest 5050, by no means a tossup. The Magic of Rising Stock Prices Driving Liquidity, Driving Prices For moron the markets, see: Gold Sets Up for Major Breakout March 6, 2024 The Magic of Rising Stock Prices Driving Liquidity, Driving Prices March 4, 2024 How Stocks Can Forestall the Inevitable March 4, 2024 Tax Collections Took Off in a Stunning Reversal in February March 3, 2024 Swing Trade Screen Picks – Read My List, No New Shorts March 1, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024 Gold Holds for Hold February 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 March 7 Author Report Share Posted March 7 5 day cycle projection 5175 Link to comment Share on other sites More sharing options...
DrStool Posted March 7 Author Report Share Posted March 7 Make it 5185. How Stocks Can Forestall the Inevitable Link to comment Share on other sites More sharing options...
DrStool Posted March 7 Author Report Share Posted March 7 10 Year steadied right at the channel line. Tax Collections Took Off in a Stunning Reversal in February Link to comment Share on other sites More sharing options...
DrStool Posted March 7 Author Report Share Posted March 7 The conventional measured move on this is 2215. This report has cycle projections. Gold Sets Up for Major Breakout Link to comment Share on other sites More sharing options...
DrStool Posted March 7 Author Report Share Posted March 7 I'm going blind looking at this shit. My mother always warned me about that. Link to comment Share on other sites More sharing options...
DrStool Posted March 7 Author Report Share Posted March 7 Whenever she caught me looking at my stock charts with a flashlight in my bedroom at night. Link to comment Share on other sites More sharing options...
potatohead Posted March 7 Report Share Posted March 7 11 minutes ago, DrStool said: I'm going blind looking at this shit. My mother always warned me about that. 50 shades of green... Link to comment Share on other sites More sharing options...
SiP Posted March 8 Report Share Posted March 8 Dovish CBs around the world, excluding Boj are a bullish sign. This is bullish for gold which loves lower NOT higher interests rates. Based on this pace/tempo we should reach 5800 by end of 2024 on SPX. Gold could rally towards 2500. Bitcoin, if goes thru 70k, could easily reach 100k usd. Super bullish environment. What's not to like? Link to comment Share on other sites More sharing options...
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