DrStool Posted April 15 Report Share Posted April 15 The ES 24 hour futures have broken through a signal strip, but immediately paused. IT needs to hold above 5145 in the early going to stay on the buy side. Otherwise, hippobottomus. One difference on this rally so far is that it's not starting like it's shot from guns, so maybe it will have more staying power than puffed rice this time. No More Downside LEE ADLER 2 - TECHNICAL TRADER APRIL 15, 2024 That may be a little extreme, but indications that the 6-month cycle down phase, which has shown up very late in the cycle, xxxxxxxx xxxxxx xxxxxxxx xxxxxxxx potential. That’s consistent with another month of xxxxxxxx liquidity ahead. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! For moron the markets, see: No More Downside April 15, 2024 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 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 15 Author Report Share Posted April 15 Top of the channel again, back where a fren is a fren, yippee ki ki yay, bulls are on the way, at the top of the channel again. Link to comment Share on other sites More sharing options...
SiP Posted April 15 Report Share Posted April 15 There suppose to be WWIII @ ME after the weekend. I see that market didnt get the memo. Yen is crashing. Broke 150 USDJPY and keeps marching higher. Im amazed by strenght of US economy and USD. Link to comment Share on other sites More sharing options...
SiP Posted April 15 Report Share Posted April 15 So the economy is running hot Growth in Federal Tax Withholding Remained Solid in March Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily by employers to the U.S. Treasury–continued to increase at a solid, healthy pace in March. We estimate that economywide withholding grew by 5.8 percent in March (compared to the amount in March 2023), about the same as the 6.0 percent growth recorded in February and in line with the range of 5 percent to 7 percent recorded in each month since May 2023, with the exception of a dip this past January (again, comparing all amounts of withholding to those from the same month in the prior year, see the chart below). https://taxtracking.com/growth-in-federal-tax-withholding-remained-solid-in-march/ Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 21 minutes ago, SiP said: So the economy is running hot Growth in Federal Tax Withholding Remained Solid in March Federal tax withholding–the combined amount of income and payroll taxes withheld from workers’ paychecks and remitted daily by employers to the U.S. Treasury–continued to increase at a solid, healthy pace in March. We estimate that economywide withholding grew by 5.8 percent in March (compared to the amount in March 2023), about the same as the 6.0 percent growth recorded in February and in line with the range of 5 percent to 7 percent recorded in each month since May 2023, with the exception of a dip this past January (again, comparing all amounts of withholding to those from the same month in the prior year, see the chart below). https://taxtracking.com/growth-in-federal-tax-withholding-remained-solid-in-march/ March Withholding Tax Collections Actually Stunk Link to comment Share on other sites More sharing options...
potatohead Posted April 15 Report Share Posted April 15 Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 2-3 day cycle projection 5070, done. Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 5 day cycle projection, 5065. 4 day basis, 5030. Take yo pick. Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 Dropping the 5 day cycle projection to 5035. Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 Sucker is bouncing around. Let's say 5 day cycle projection unclear. Link to comment Share on other sites More sharing options...
SiP Posted April 15 Report Share Posted April 15 whats the reason for drop? It was so nice for bulls. even too nice. Good todays retail sales print? too hot numbers, or maybe a dictator at ME said something. Link to comment Share on other sites More sharing options...
MisFit Kid Posted April 15 Report Share Posted April 15 Link to comment Share on other sites More sharing options...
DrStool Posted April 15 Author Report Share Posted April 15 Last call on the 5 day, 5035-40 Link to comment Share on other sites More sharing options...
Recommended Posts