DrStool Posted March 14 Report Share Posted March 14 Yesterday's little launchpad fire on the ES, 24 hour S&P futures has been fully extinguished, and the pad has been rebuilt. The rocket engines are intact, and a new 5 day cycle buy signal has initiated the countdown to liftoff. The 5 day cycle projection is 5250. Obviously, resistance at 5189 must be cleared. Assuming that it is, then the high base breakout would have a conventional measured move target of 5260-70. Will it get there today? Probably not. There are trend resistance lines at 5190, 5200, and 5210 that must be cleared, and that could take a little chewing. On the slight chance of a pullback, 5180-5175 looks like spport. Only if they break that is there even a chance of reversal. I've actually gotten used to being bullish. Obviously, we're doomed. Market Flies Blind in Thin Air For moron the markets, see: Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024 Market Flies Blind in Thin Air March 11, 2024 Swing Trade Screen Picks – What to Do With Profitable Week Behind March 8, 2024 Gold Sets Up for Major Breakout March 6, 2024 The Magic of Rising Stock Prices Driving Liquidity, Driving Prices March 4, 2024 Tax Collections Took Off in a Stunning Reversal in February March 3, 2024 We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 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 14 Author Report Share Posted March 14 Not going as planned. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 Just playing spport again. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 Oh my achey breaky hurt. Link to comment Share on other sites More sharing options...
potatohead Posted March 14 Report Share Posted March 14 3 hours ago, DrStool said: I've actually gotten used to being bullish. Obviously, we're doomed. The Adler's contrarians's contrarian indicator... Use at your own risk, please consult a Proctologist prior to using this as an investment strategy.. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 That's like a perfect double top across 4 days. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 1 hour ago, potatohead said: The Adler's contrarians's contrarian indicator... Use at your own risk, please consult a Proctologist prior to using this as an investment strategy.. This indicator stinks. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 Downstairs slinky at spport lines. Market Flies Blind in Thin Air Link to comment Share on other sites More sharing options...
SiP Posted March 14 Report Share Posted March 14 I started shorting, small position. we should top Link to comment Share on other sites More sharing options...
SiP Posted March 14 Report Share Posted March 14 aha XOM and others, go! Link to comment Share on other sites More sharing options...
SiP Posted March 14 Report Share Posted March 14 Inflation could come back or at least stick to 3%. This means we would not see cuts in 2024. If so, then higher chances for a "kaboom" Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 14 Report Share Posted March 14 And nothing to see here, Crime Pays.....right before QTR. options Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 5 day cycle projection 5100-05 Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 Function at the junction. Link to comment Share on other sites More sharing options...
DrStool Posted March 14 Author Report Share Posted March 14 35 minutes ago, DrStool said: 5 day cycle projection 5100-05 Now looks 5115. I dunno. Link to comment Share on other sites More sharing options...
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