DrStool Posted June 5 Report Share Posted June 5 The ES was making a triangle yesterday. It broke out, but then stalled. Now the pattern has morphed into a launchpad with a 5 day cycle projection of 5325. Resistance is indicated 5320-25, and a little later in the afternoon around 5340. Clearing 5302 right here at 5:50 AM ET, would suggest a meltup. Swing Trade Screen Picks – Still Tilted Buy June 3, 2024 Looking at my personal swing trade screens, I've missed a few opportunities in the past couple of weeks as waves have tended toward shorter than usual durations. So I have tweaked the algos a little to pick up trigger signals a little shorter than usual, in addition to the usual ones. This expands the number of charts I need to look at from a handful to between 10 and 20. Still manageable. This morning there were 124 charts on the sell side, out of the 1316 NYSE and Nadsaq issues that meet my price and volume minimums. Of those 124, 19 triggered yesterday. There were a total of 57 with buy structures, of which 8 triggered yesterday. For moron the markets, see: After Growth in the Spring Comes the Harvest June 4, 2024 Swing Trade Screen Picks – Still Tilted Buy June 3, 2024 Under the Big Top June 3, 2024 Why Gold’s Consolidation Is Probably Not Benign May 30, 2024 June Swoon Called Off May 29, 2024 The Fed Doesn’t Matter Any More May 1, 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 June 5 Author Report Share Posted June 5 5 day cycle projection rises to 5345. Swing Trade Screen Picks – Still Tilted Buy June 3, 2024 Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 Show me the money. $32 billion incoming in 7 days. After Growth in the Spring Comes the Harvest June 4, 2024 Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 Paydown cash. All dressed up with no place to go. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 Measured move implication of the breakout either 5380 or 5440. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 7 hours ago, DrStool said: Now the pattern has morphed into a launchpad with a 5 day cycle projection of 5325. 5 day cycle projection now 5345 Under the Big Top June 3, 2024 Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 2 hour bars. Izzis bullish? Bottom at a top. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 2-3 day cycle projection also 5345-50. We close. Link to comment Share on other sites More sharing options...
BreakOut Posted June 5 Report Share Posted June 5 Did someone say launchpad? Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 This "should" be the top of this move. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 6 minutes ago, BreakOut said: Did someone say launchpad? I think I heard it somehwar. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 May 23 high was 5350 in the premie. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 2-3 day cycle projection now pointing 5355. Absurd. Link to comment Share on other sites More sharing options...
DrStool Posted June 5 Author Report Share Posted June 5 New high in the post partum. Good night. Link to comment Share on other sites More sharing options...
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