DrStool Posted November 19 Report Posted November 19 Last night's pullback on the ES, 24 hour S&P futures, created a double bottom with a positive divergence on hourly oscillators. That's a classic sign of a 5 day cycle low. Effective Trading Strategies: Buys and Sells This Week But alas, any moves confined to the 5850-5910 range will be useless random noise. However, with the hourly oscillators all near the zero line, a breakout from the range should lead to big move. For moron the markets see: Short-Term Gold Miner Buys for Gold Bull Market November 19, 2024 Effective Trading Strategies: Buys and Sells This Week November 18, 2024 Quiet But Ominous Signs of Early Bull Demise November 17, 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 19 Author Report Posted November 19 Meanwhile, BTC moves inexcrably toward its intermediate cycle projection of 100k. Short-Term Gold Miner Buys for Gold Bull Market And gold holds where it has to. While the euro finds its footing after hitting an intermediate cycle projection of 1.05 USD. Even the Treasury market found its footing, if only 4 a moment. But if 4.37 holds, the bearish yield uptrend and price collapse, will remain intact, and continue to threaten contagion. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish
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