DrStool Posted November 18 Report Posted November 18 The decline stopped at roughly a 50% retracement of the erection rally. Now the rebound is stuck at a 5 day downtrend line on the hourly ES, 24 hour S&P chart. We wait to see what happens next. Hourly cycle oscillators are on the buy side, but deep in negative territory. That's not a glowing endorsement of bullishness. But neither is it a sign to abandon hope, all ye who enter here. The ringfences are at 5890 and 5854. They need to clear the former to get anything going on the upside, and the latter to resume the decline. For moron the markets see: Effective Trading Strategies: Buys and Sells This Week November 18, 2024 Quiet But Ominous Signs of Early Bull Demise November 17, 2024 Gold Melts 11/12/24 November 12, 2024 Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 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 18 Author Report Posted November 18 BTC now has an intermediate term cycle projection of, what else, 100k. Effective Trading Strategies: Buys and Sells This Week
DrStool Posted November 18 Author Report Posted November 18 Indicators on the EUR/USD say this must be the bottom for sure! 😒 Gold Melts
DrStool Posted November 18 Author Report Posted November 18 Gold rebounded from 100 day MA. Gold Melts
DrStool Posted November 18 Author Report Posted November 18 The bond market continues to flirt with disaster resumption despite the 10 year yield showing ongoing signs of a top. Interim cycle target is 4.60, but if they inch above that, then we're looking at 5.10. That would equate with more price carnage that could hit unhedged and leveraged holders with a knockout blow. Primary Dealer Crisis Now, Crisis Later
DrStool Posted November 18 Author Report Posted November 18 Whole Lotta Nuthin Goin On Chart Good night and good luck.
Takachi-1 Posted November 19 Report Posted November 19 looks a little like an upside down cup and handle
Jorma Posted November 19 Report Posted November 19 https://ledn.io/borrowing I don't think little consumer loans mean a thing in liquidity terms but what about whales? Are the giant banks taking crypto as collateral for loans? There is over $3TN in crypto today. Crypto doesn't have to be money to create money. I mean real money.
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