DrStool Posted March 25 Report Share Posted March 25 The 5 day cycle projection on the ES, 24 hour S&P futures is currently 5200. But there's a spport line convergence at 5214 in the hour ending at 9 AM in NY. So we'll see. If they take that out, then I would think 5200 a done deal. Otherwise we make an overdue 5 day cycle low right here, and we stick with the long side today. Particularly in view of the Brontosaurus pattern. Don’t Stop Never Disbelieving LEE ADLER 2 - TECHNICAL TRADER MARCH 24, 2024 That’s right. Always stay flexible. Be the ball. Not the bat. Technical Trader subscribers click here to download the complete report. A 10-12 month cycle projection has reappeared, and it’s higher. It now points to xxxx. The high is ideally due xxxxxxxxxxxxxxxxx. Non subscribers click here to access. A 6-month cycle low is ideally due on xxxxxxxxxxxxxx. A new up phase could start and take off in renewed upside acceleration within xxxxxx xxxxxxxxx xxxxxxxxx. We need to be prepared for that. So don’t disbelieve it if it happens. Take advantage. Non subscribers click here to access. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets, see: Don’t Stop Never Disbelieving March 24, 2024 Swing Trade Screen Picks – Stocks Barnburner Set for Conflagration March 23, 2024 Gold Enters Hibernation Season March 22, 2024 Primary Dealers Raise Red Flag March 20, 2024 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. Quote Link to comment Share on other sites More sharing options...
SiP Posted March 25 Report Share Posted March 25 The Nasdaq100 index has not fallen more than 2% for the last 106 trading sessions. This is the fifth longest such run since the GFC. Quote Link to comment Share on other sites More sharing options...
Jimbo Posted March 25 Report Share Posted March 25 THE BACKGROUND LIQUIDITY OF THE BIG PRINT...2.0 The big print of 20/21 created a lot of liquidty. It has coalesced into super cluster galaxies of over valuation. It will disperse into background liquidity eventually. Quote Link to comment Share on other sites More sharing options...
DrStool Posted March 25 Author Report Share Posted March 25 The downtrend channel is holding. Quote Link to comment Share on other sites More sharing options...
DrStool Posted March 25 Author Report Share Posted March 25 Usually the brontosaurus goes up the hill to forage, but sometimes it goes down. That is all. Quote Link to comment Share on other sites More sharing options...
DrStool Posted March 25 Author Report Share Posted March 25 If they can clear 5226, should be good to go. Quote Link to comment Share on other sites More sharing options...
DrStool Posted March 25 Author Report Share Posted March 25 Couldn't break out of the downtrend, but bigger uptrend held. A demain! Bonne nuit et bonne chance! Quote Link to comment Share on other sites More sharing options...
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