DrStool Posted April 12 Report Share Posted April 12 If the market isn't flying through the air with the greatest of ease, it's stuck. The overnight was stuck, but it's showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time. Here's the hourly ES, 24 hour S&P fuguetures. Chef Says Choose One from Column A Or One from Column B Is it my imagination or has this been difficult to trade for the past two weeks? The usual semi regular 4-5 day cycle pattern has been displaced by an irregular, noise driven flip flop pattern. The hourly oscillators are giving a top signal here. But time suggests that a 5 day cycle low would normally be due today. We see trend spport around 5188 and additional trend spport about 10 points lower. If that band holds, then this wild pattern could turn into a big base. A breakout through 5228 would have a measured move implied target of 5305. If they break through the rising spport lines, then a test of the lows in the 5130s would be in order. Then we'll see. Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market For moron the markets, see: Back to the Gold Old Days 4/9/24 April 9, 2024 Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market April 9, 2024 Chef Says Choose One from Column A Or One from Column B April 8, 2024 March Withholding Tax Collections Actually Stunk April 5, 2024 Banking Data Says This Is Last Hurrah for Stocks April 3, 2024 The End Is Not Nigh March 26, 2024 Markets Create Money, Money Talks, Markets Listen Etc. March 12, 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 April 12 Author Report Share Posted April 12 spport busted. hourly oscillators roll over. Chef Says Choose One from Column A Or One from Column B Link to comment Share on other sites More sharing options...
Takachi-1 Posted April 12 Report Share Posted April 12 "Is it my imagination or has this been difficult to trade for the past two weeks?" I have had to fight like hell just to only lose double digits for the day. the normal patterns I trade into are inverted and not their normal reliability. I should be getting rich on the PM move, but I am so scared of the precipitous drop that always comes out of nowhere that I am barely in it. Link to comment Share on other sites More sharing options...
WTF Posted April 12 Report Share Posted April 12 Why worry... Ai Link to comment Share on other sites More sharing options...
DrStool Posted April 12 Author Report Share Posted April 12 Foul. Link to comment Share on other sites More sharing options...
DrStool Posted April 12 Author Report Share Posted April 12 2-3 day cycle projection 5100. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 12 Report Share Posted April 12 That .14 is a.....? Link to comment Share on other sites More sharing options...
DrStool Posted April 12 Author Report Share Posted April 12 The market has completed a formidable little top over the past 3 weeks. Link to comment Share on other sites More sharing options...
DrStool Posted April 12 Author Report Share Posted April 12 Don't know whether to call this a breakdown or a stepdown. There are multiple spport lines on the way down. Some broken already, more to come. The next is 5104. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 12 Report Share Posted April 12 The Gary "US" Bond - Pitiful Broker "Deal of the Day"....Do you see it? Link to comment Share on other sites More sharing options...
DrStool Posted April 12 Author Report Share Posted April 12 41 minutes ago, DrStool said: Don't know whether to call this a breakdown or a stepdown. There are multiple spport lines on the way down. Some broken already, more to come. The next is 5104. They know it and they're gonna stave that off for now. Link to comment Share on other sites More sharing options...
SiP Posted April 12 Report Share Posted April 12 Have a good weekend folks. Link to comment Share on other sites More sharing options...
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