DrStool Posted May 10 Report Share Posted May 10 The chart of the hourly ES 24 hour S&P futures has met a key resistance trendline and has halted its move as of 7 AM NY time. But is this the end of the move, or merely a pause that refreshes? A 2-3 day cycle projection points to 5235, done. But using a 4 day basis, which has been a common expression of merged 2-3 day and 5 day cycles, the result is 5245. There's not quite enough data yet for a reliable 5 day cycle projection, but it could plausibly be 5250-55. My personal trading screens of 1400 NYSE or Nadsac actively traded issues priced at minimum $6 spit out 106 issues recently meeting buy side setup criteria and just 28 on the sell side. However, of those only 3 buys and 3 sells triggered yesterday. Swing Trade Screen Picks – Surprise Shorts There's no sign of broad thrust, which suggests, as we can gather without scientific anal-ysis, that this is a late stage move. So we need to be ready for a change of direction at any time. Don’t Trust, Verify The current daily uptrend channel bottom line is at 5230 as of 8 AM, and 5250 at the New York close. Even if that breaks, there are plenty of spport lines below that are likely to generate rebounds. So, be the ball! For moron the markets, see: Swing Trade Screen Picks – Surprise Shorts May 6, 2024 Don’t Trust, Verify May 6, 2024 April Tax Collections Soared May 4, 2024 Gold Valley Rally May 3, 2024 The Fed Doesn’t Matter Any More May 1, 2024 Swing Trade Screen Picks – Hidden Gems April 29, 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 May 10 Author Report Share Posted May 10 Icing on the Gold Cake LEE ADLER 3 - GOLD TRADER MAY 10, 2024 The last rally in a xxxxxx month cycle topping process is now under way. There are no projections yet on the shorter cycles, while the xxxxx month cycle projection has risen to xxxx. While the short term looks bright, there are also notable challenges in the long term outlook. So don’t be fooled. Non-subscribers click here for access. Subscribers, click here to download the report. Meanwhile, we’re swinging 5 mining picks to take advantage of rising gold prices. Subscribers, see table in report. Non-subscribers click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! Link to comment Share on other sites More sharing options...
potatohead Posted May 10 Report Share Posted May 10 1 hour ago, DrStool said: Icing on the Gold Cake LEE ADLER 3 - GOLD TRADER MAY 10, 2024 The last rally in a xxxxxx month cycle topping process is now under way. There are no projections yet on the shorter cycles, while the xxxxx month cycle projection has risen to xxxx. While the short term looks bright, there are also notable challenges in the long term outlook. So don’t be fooled. Non-subscribers click here for access. Subscribers, click here to download the report. Meanwhile, we’re swinging 5 mining picks to take advantage of rising gold prices. Subscribers, see table in report. Non-subscribers click here for access. Try Lee Adler’s Gold Trader risk free for 90 days! you forgot to add the silver lining.... Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 😄 Indeed I did! Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 Looks bullish. Link to comment Share on other sites More sharing options...
DrStool Posted May 10 Author Report Share Posted May 10 Hold or die. Link to comment Share on other sites More sharing options...
Takachi-1 Posted May 10 Report Share Posted May 10 a couple more waggles to shake off the last hangers on Link to comment Share on other sites More sharing options...
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