DrStool Posted September 30 Report Share Posted September 30 SInce Friday afternoon we've now had one lower high and a lower low in the ES 24 hour S&P futures. It's an hourly basis bear market. But the supercycle (long term trend of more than 2 days) is still bullish. The ES would need to end today below 5715 to change that. But if that happens, the result could be catastrophic, potentially as low as 5685 or even 5675. All kidding aside, the hourly oscillators have now trended meaningfully below the zero line with little evidence of the normal cycle patterns that we're accustomed to. It raises the mathematical question of, "What up wit dat?" Well, for starters, there's an apparent 5 day cycle projection of 5690. Let's judge the future accordingly. Cracks Beneath the Surface of the Stock Market Lee Adler 2 - Technical Trader September 30, 2024 Most indicators are in gear and suggest higher prices ahead, but there’s a crack in a long-term measure that starts a clock. How much higher and how long do we have, doctor? Here’s the prognosis. 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! For moron the markets see: The Longer This Goes On, The More Fragile It Becomes September 30, 2024 Cracks Beneath the Surface of the Stock Market September 30, 2024 Here’s a Gold Thing Going Parabolic September 26, 2024 Market Can’t Live By Repo Alone September 25, 2024 Swing Trade Screen Picks – Let ’em Ride September 24, 2024 Macro Money Blows the Roof Off September 17, 2024 Primary Dealer Clown Show Danger Pales in Comparison to Hedgie Daredevils September 11, 2024 Here’s Hard Evidence that the Slowing Economy Narrative is False September 8, 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 30 Author Report Share Posted September 30 The Longer This Goes On, The More Fragile It Becomes Lee Adler 1 - Liquidity Trader- Money Trends September 30, 2024 Market rallies have been well supported by adequate, self generated liquidity. But that’s about to change in October, particularly late October. Non-subscribers, click here for access. Subscribers, click here to download the report. There are a couple of things to watch. One is that … That prop now goes away until xxxxxxxxxxx. Investors will need to use debt to absorb the immense wave of Treasury supply that’s on the way. The other factor is that ……. That will give us a better idea of when …………………………. will stop acting as a prop for asset prices. I continue to estimate that it will ……………………. in late ………. or xxxxxxxxxx. The longer this goes on, the more fragile the system becomes. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! Quote Link to comment Share on other sites More sharing options...
DrStool Posted September 30 Author Report Share Posted September 30 A little shakey breaky faky heart. Cracks Beneath the Surface of the Stock Market Quote Link to comment Share on other sites More sharing options...
MisFit Kid Posted September 30 Report Share Posted September 30 nothing matters......Jam Job is here to stay........ crime is all that is left........ Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.