DrStool Posted August 19 Report Share Posted August 19 The ES needs to be below 5562 at the NY open, and 5575 at the close to break the current iteration of the uptrend. That's just to break the proximate trend, not to signal a top, let alone a downside reversal. First things first. Failing that, it would seem that the market's next upside target would be 5600. Just eyeballing this chart, the setup looks bullish as hell. There's not much going on in the way of cycles. Just trend up, pause, trend up, pause. It's enough to put a trader to sleep. I guess that's what they want. Then kaboom, right? "Kaboom" would initially require at least a break of 5545. Meanwhile, however, BTC our excess liquidity indicator, suggests, well, maybe. On an hourly basis, it does show cycling, waning animal spirits, and the implication that excess liquidity is also on the wane. But just in the last hour, it indicated a bottom . Finally, the hourly chart of the 10 year yield suggests preparation for a launch. Liquidity Now Hinges on Mood For moron the markets, see: Gold Breakout Persists August 19, 2024 Nothing But Air August 19, 2024 Liquidity Now Hinges on Mood August 19, 2024 Bits and Pieces- Why What Was Bearish is Now Bullish August 15, 2024 Swing Trade Screen Picks – Catching Many Fish August 12, 2024 Tax Collections Were Worse than the Jobs Report But… August 5, 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. Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 Nothing But Air Lee Adler 2 - Technical Trader August 19, 2024 There’s a lot of airspace with little resistance overhead, suggesting that the S&P 500 could see xxxx in September. 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! Quote Link to comment Share on other sites More sharing options...
Jorma Posted August 19 Report Share Posted August 19 Bitcoin has a market cap of $1.5TN. In the big picture that's chump change. Anyway in the growing crypto space in derivativeland if there are significant pools of shorts.... Well, we all know what happens then. Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 Yes, but it is a measure of excess liquidity. Because that's where some of it goes. It's 24 hours a day, 7 days a week. It's for hard core addicts and gamblers. I think it will serve to keep an eye on it. Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 Gold Breakout Persists Lee Adler 3 - Gold Trader August 19, 2024 Gold broke out last week. The measured move targets from the prior breakout are now within reach. Non-subscribers click here for access. Subscribers, click here to download the report. Try Lee Adler’s Gold Trader risk free for 90 days! Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 Liftoff Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 So tell me. This 400 point advance in a week and a half. Is it orderly, or disorderly? Nothing But Air Quote Link to comment Share on other sites More sharing options...
potatohead Posted August 19 Report Share Posted August 19 Alex, Will take Gap fill for 41,000 What is the Nikkei? Quote Link to comment Share on other sites More sharing options...
MisFit Kid Posted August 19 Report Share Posted August 19 does it matter, anymore, they will do what they want......... V Quote Link to comment Share on other sites More sharing options...
DrStool Posted August 19 Author Report Share Posted August 19 9 hours ago, DrStool said: Failing that, it would seem that the market's next upside target would be 5600. Oop. There it is. Quote Link to comment Share on other sites More sharing options...
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