DrStool Posted March 19 Report Share Posted March 19 Monday reversed Friday and Tuesday morning reversed Monday. The hourly chart of the ES 24 hour futures is starting to look toppy as bonds stand poised to resume their recent selloff. An incipient 5 day cycle up phase has fallen apart, and suddenly there's a rare red channel on the chart. The bottom of that channel drops from 5125 as of 8 AM ET to 5120 at 10 AM. That should hold and generate a rebound. If it doesn't all hell could break loose. If it holds, I'd look for a rebound back to 5140-45 before the selling returns in anticipation of Uncle Jay's circus being a disappointing show as inflation takes on new life. A Top is In, But Which One Is It March 17, 2024 For moron the markets, see: Swing Trade Screen Picks – Adding Stops to Take Profits March 17, 2024 A Top is In, But Which One Is It March 17, 2024 Gold Due for Pause that Refreshes March 15, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 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...
Jorma Posted March 19 Report Share Posted March 19 BOJ makes first rate hike in 17 years. https://www.reuters.com/markets/asia/japan-poised-end-negative-rates-closing-era-radical-policy-2024-03-18/ Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 1 hour ago, Jorma said: BOJ makes first rate hike in 17 years. https://www.reuters.com/markets/asia/japan-poised-end-negative-rates-closing-era-radical-policy-2024-03-18/ Bullish Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 Rate cuts are bullish. So are rate hikes. Neither, also. Link to comment Share on other sites More sharing options...
potatohead Posted March 19 Report Share Posted March 19 8 minutes ago, DrStool said: Rate cuts are bullish. So are rate hikes. Neither, also. QT - bullish QE - bullish even QBO - bullish, what is QBO? Quasi-biennial oscillation presents opposite wind directions every two years in the tropical lower-stratospheric zonal wind, Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 2 hours ago, DrStool said: If it holds, I'd look for a rebound back to 5140-45 before the selling returns OK. Here we are. Let's see. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 El Nino is bullish. La Nina is bullish. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 My longs are profitable. My shorts are profitable. Bullish. Link to comment Share on other sites More sharing options...
potatohead Posted March 19 Report Share Posted March 19 37 minutes ago, DrStool said: My longs are profitable. My shorts are profitable. Bullish. old McDonald had a farm of bulls..... Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 Higher low. Racetrack. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 No 5 day or 2-3 day cycle projections yet. But I do have a onesie. 5175. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 And if it gets there and holds for a bit, then the 2-3 day will be 5245-50. Link to comment Share on other sites More sharing options...
Jorma Posted March 19 Report Share Posted March 19 We're supposed to believe that we are on the cusp of quantum liquidity. Place your bets. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 When you read about those Nsidious chips with 200 billion transistors, it's kinda scary. I remember listening to Wilt score 100 points on a 6 transistor radio. Imagine what he coulda done with billions of transistors. Link to comment Share on other sites More sharing options...
DrStool Posted March 19 Author Report Share Posted March 19 1 hour ago, DrStool said: No 5 day or 2-3 day cycle projections yet. But I do have a onesie. 5175. Done, and we have a new 5 day cycle projection of 5225. No 2-3 day cycle projection. 4 day basis is 5190. 4 day duration has been common in recent times. That would put the top ideally Tamara. Anything special going on Tamara? Link to comment Share on other sites More sharing options...
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