DrStool Posted July 23, 2024 Report Posted July 23, 2024 Yes, my friends, we have a base breakout on the hourly chart of the ES, 24 hour S&P fuguetures. It has a conventional measured move target of 5615. At the same time, there's a 5 day cycle projection of 5620-25. Trend spport is around 5555 this morning, rising to 5560 at the clothes rack. At 8:20 AM ET, the market was eating at resistance around 5560. Next resistance level is around 5580. Indications are that it will break through and head for the projections today. Politics and Markets Make Strange Bed Over in Treasuryville, the 10 year yield looks like it's trying to make a bottom, but it has a long way to go to break the short term downtrend channel. The Sky’s the Limit A ton of supply is on the way, but some of it is T-bills, which cuts both ways. The Sky’s the Limit For moron the markets, see: Politics and Markets Make Strange Bedfellows July 21, 2024 The Sky’s the Limit July 18, 2024 Gold Takes the High Road July 17, 2024 Swing Trade Screen Picks – Holding the Averages Versus Picking Swing Trades July 14, 2024 Higher for Longer July 14, 2024 Picking Up Nickels in Front of a Steamroller July 9, 2024 Gold Raises the Bar July 9, 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.
DrStool Posted July 23, 2024 Author Report Posted July 23, 2024 5 day cycle projection now looks 5595.
potatohead Posted July 23, 2024 Report Posted July 23, 2024 He is also a good follow on twitter. tied in politically as well.
SiP Posted July 23, 2024 Report Posted July 23, 2024 Visited Strasbourg and Colmar - what a great French cities. Also visited several German cities like Cologne, Bonn and many other - also nice places to live. Also visited best electronic dance festival - Parookaville at Weeze airport. Great! 10 stages, 225k people and better than Tomorrowland. Many Germans at camping were listening to this song Filow - Rasenschach
DrStool Posted July 23, 2024 Author Report Posted July 23, 2024 20 minutes ago, SiP said: Lee, Are you still in Warsaw? Tak. https://photos.app.goo.gl/QSv6n6v8BC37U7gT8 1
DrStool Posted July 23, 2024 Author Report Posted July 23, 2024 5 day cycle topped right on time, but way shy of projections. Hot stove touch of 300 hour linear regression curve. And it's gone.
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