DrStool Posted November 12 Report Posted November 12 First, we have new chart picks. And they swing both ways. No matter your preference, you too can be a wiener. So go ahead and hot dog it! Swing Trade Screen Picks – More Buys and a Few Shorts- Link Corrected On this morning's chart of the hourly ES 24 hour S&P futures, we're in consolidation mode. Or it least, it sure looks that way. 5993 and 5987 are the spport lines to watch. One will need to hold to set up the next launch. If broken, Then we look toward the rising 50 hour MA, the slowly curving blue line currently at 5952, and vectoring toward 5962 at the NY close. On the upside, if they launch earlier, yesterday's high of 6027 would be target one, with a couple of trendlines converging in the 6030-35 area likely to provide more resistance. For moron the markets see: Gold Melts 11/12/24 November 12, 2024 Swing Trade Screen Picks – More Buys and a Few Shorts- Link Corrected November 12, 2024 Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024 3-2-1 Liftoff November 10, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 2024 Old Gold Uptrend Could Get Smoked November 4, 2024 Primary Dealer Crisis Now, Crisis Later October 31, 2024 Liquidity Measures Show Markets Stretched to the Limit October 21, 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 November 12 Author Report Posted November 12 Well, I was wrong. It was a top, of sorts. Swing Trade Screen Picks – More Buys and a Few Shorts- Link Corrected
DrStool Posted November 12 Author Report Posted November 12 BTC has reached a conventional measured move target and a 9 month cycle projection of 90k. 3-2-1 Liftoff
DrStool Posted November 12 Author Report Posted November 12 More selling pressure in Treasuries. The uptrend in yield is intact, which means, so is the price collapse. The dead bodies will start floating to the surface soon. And the Fed will have to swing into action. Primary Dealer Crisis Now, Crisis Later
potatohead Posted November 12 Report Posted November 12 https://x.com/profitsplusid/status/1856394429508239841
DrStool Posted November 12 Author Report Posted November 12 The euro crash targets 1.05 Gold Melts And gold targets 2420 . Pfffft.
DrStool Posted November 12 Author Report Posted November 12 Return to the scene of the crime complete. 3-2-1 Liftoff
Takachi-1 Posted November 12 Report Posted November 12 A fair bit of the gold melt, about 50%, is currency fluctuation as the dollar gets stronger. Correspondingly, its getting more dear in the counter currencies. All I care is that its getting more expensive somewhere and that its gains will filter back in good time.
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