DrStool Posted September 10 Report Share Posted September 10 Last night we left off with a 2-3 day cycle projection of 5525 on the ES. Since then, there's been a failure to launch, but all is not lost for the bulls yet. The 2-3 day cycle projection remains 5515 and there's an incipient 5 day cycle projection of 5505. To get there, the market must clear proven resistance at 5484. Failing that, a rollover below 5454 could trigger a little waterfall to at least test the low of 5386. Meanwhile, a look at the two hour bars shows just how pivotal a moment this is in the bigger scheme of things. It should determine whether the recent selloff is just a pause in the big uptrend, or the beginning of an important reversal. How Deep Was My Valley For moron the markets, see: How Deep Was My Valley September 9, 2024 Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 2024 Gold a Hold While Miners Blasted September 4, 2024 Swing Trade Screen Picks – Nothing to Add This Week September 3, 2024 Withholding Tax Collections Support Sufficient Liquidity Growth September 2, 2024 Liquidity Still Supports the Rally, But with Warnings August 27, 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 September 10 Author Report Share Posted September 10 Swing Trade Screen Picks – Read My List, No New Picks Lee Adler 2 - Technical Trader September 10, 2024 As of September 9 closing prices, the list had an average gain of + 4.7% on an average holding period of 20 calendar days. That was up from an average gain of + 3.4% on an average holding period of 16 calendar days the week before. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete report. Current screens yielded 413 short-term buys and 144 short-term sells. After applying long term trend structure and intermediate term filters, there were 44 buys and 18 sells. I reviewed the charts and elected not to add any new picks this week. As a result, the list is down to 10 open picks to start the week, down from 18 on our last look. 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 Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 2-3 day cycle projection now 5515. 5 day 5535. Quote Link to comment Share on other sites More sharing options...
Jorma Posted September 10 Report Share Posted September 10 Seems like ES is pooping out Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 It has poopy diaper. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 Or just a little tree shaking. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 Getting real here. If this is another shakeout, it's pretty convincing. Quote Link to comment Share on other sites More sharing options...
specie Posted September 10 Report Share Posted September 10 love to see JPM fall on a complete different topic Silver seems to be doing well Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 1 hour ago, DrStool said: Getting real here. If this is another shakeout, it's pretty convincing. Zye wuz sain. Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 10 Author Report Share Posted September 10 5 day cycle projection still 5535. Quote Link to comment Share on other sites More sharing options...
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