DrStool Posted August 28 Report Posted August 28 It's a real rockem sockem snoozefest out there stock market fans. How much excitement can you take? Let's go watch some grass grow instead. That said there are more bullish than bearish indications on the 24 hour hourly chart of the ES. But nothing happens until they break out through 5631 and 5650. And nothing happens on the downside unless they take out 5613 and 5585. So sit back and enjoy the show. The Market Still Blows Although this should be at least a little bearish coming up. Although the "widely rumored" 😉 T-bill paydowns are about to begin. There will be more. Liquidity Still Supports the Rally, But with Warnings The yield on the 10 year Treasury still hasn't turned the corner. Here's the 2 hour bars. No kickoff until 3.89. If BTC is a measure of excess liquidity, then something has changed in the past few days. For the big picture and longer view, try Liquidity Trader! For moron the markets, see: Liquidity Still Supports the Rally, But with Warnings August 27, 2024 The Market Still Blows August 26, 2024 Swing Trade Screen Picks – We Caught the Turn August 20, 2024 Gold Breakout Persists August 19, 2024 Liquidity Now Hinges on Mood August 19, 2024 Bits and Pieces- Why What Was Bearish is Now Bullish August 15, 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
DrStool Posted August 28 Author Report Posted August 28 Swing Trade Screen Picks – Short Inundation Lee Adler 2 - Technical Trader August 28, 2024 As of August 27, the list had an average gain of + 4.7% on an average holding period of 17 calendar days versus. That was down from an average gain of + 5.0% on an average holding period of also 17 calendar days the week before. The list grew to 24 open picks versus 17 open picks. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete report. Current screens yielded 168 short-term buys and 649 short-term sells. That’s a complete turnaround from previous weeks. However, after applying long term trend structure and intermediate term filters, there were 44 buys and 35 sells. After reviewing the charts, I added 2 buys and 5 shorts to the list. Non-subscribers click here for access. To view list and charts of open picks, Non-subscribers click here for access. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days! Quote
DrStool Posted August 28 Author Report Posted August 28 Breaking this should trigger a long squeeze. Swing Trade Screen Picks – Short Inundation Quote
DrStool Posted August 28 Author Report Posted August 28 5 day cycle projection 5585 overshot. 4 day cycle dominant. 5561 is spport. And, of course, it's 2:20 turn time. This should be the low. Quote
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