DrStool Posted November 21 Report Posted November 21 There's a triangle pattern breakout on the ES 24 hour S&P futures this morning. Triangle breakouts are usually explosive, but may or may not see follow through after the initial bang. One indication that suggests this one might is that this looks like a new 5 day cycle up phase, with an initial projection of 5975. That is just above the top of the megaphone pattern that we noted over the past couple of days. If they get there, and it sticks, that would be a springboard. Obviously lots of ifs there. Those are just the parameters to watch. First things first, they must clear the downtrend line at 5925 at 7 AM ET. Once that's done, they're good to go. Effective Trading Strategies: Buys and Sells This Week For moron the markets see: Ponzi Much? Understanding Treasury Debt and Market Fragility November 20, 2024 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 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 21 Author Report Posted November 21 BTC is surging again. It has cleared its conventional measured move target of 94,000 and now is on its way to an intermediate cycle projection of 101k. Primary Dealer Crisis Now, Crisis Later Gold is rebounding powerfully coming off its 100 day MA, with intermediate cycle indicators triggering buy signals from a downside extension. Short-Term Gold Miner Buys for Gold Bull Market The EUR/USD is making another probe toward the big low at 104.50. Intermediate cycle projections point to a low of 104.80 and intermediate term cycle indicators are buried. Odds favor a reaction bounce. If it fizzles, thence comes the breakdown, which should coincide with a bullish move in gold. Short-Term Gold Miner Buys for Gold Bull Market Finally, the 10 year Treasury yield keeps trying to break that trendline. If it doesn't happen now, look for up up and away in yields, and another collapse in price. That should be a deathblow for the great unhedged longs. Should be good for some contagion too. With massive supply on the way, I would not bet against that. Ponzi Much? Understanding Treasury Debt and Market Fragility
DrStool Posted November 21 Author Report Posted November 21 Rejected at the 300 hour average. Quiet But Ominous Signs of Early Bull Demise
DrStool Posted November 21 Author Report Posted November 21 Second rejection at the 300 hour MA. You know what they say, right? Third time's the charm. Effective Trading Strategies: Buys and Sells This Week But for what?
Jorma Posted November 21 Report Posted November 21 When the market rallies on Matt Gaetz withdrawing from his nomination, at 12:24PM est, I think we can guess where this is going.
DrStool Posted November 21 Author Report Posted November 21 Now they're in the clear. Hourly oscillators are turning up, and 5 day cycle projection still points to 5975. Effective Trading Strategies: Buys and Sells This Week
DrStool Posted November 21 Author Report Posted November 21 6 minutes ago, Jorma said: When the market rallies on Matt Gaetz withdrawing from his nomination, at 12:24PM est, I think we can guess where this is going. A competent technocrat government where all are treated fairly and equally.
DrStool Posted November 21 Author Report Posted November 21 BREAKING: 🇺🇸 Donald Trump's 'crypto advisory council' expected to set up strategic #Bitcoin reserve, Reuters reports. pic.twitter.com/b6axNJ61oI — Bitcoin Magazine (@BitcoinMagazine) November 21, 2024 Top
DrStool Posted November 21 Author Report Posted November 21 When I think about religion, I realize that it's easy to get virtually the entire human race to believe a ridiculous con forever.
DrStool Posted November 21 Author Report Posted November 21 Twain was wrong. You can fool most of the people all of the time.
SiP Posted November 21 Report Posted November 21 SEC char resigned on a day that Bitcoin hit almost 100.000
DrStool Posted November 21 Author Report Posted November 21 3 hours ago, DrStool said: Twain was wrong. You can fool most of the people all of the time. Or was it Barnum?
DrStool Posted November 21 Author Report Posted November 21 Oh what a shitshow we reap. This government will be a clownshow the likes of which the world has never seen. I can only imagine how much Treasury supply is on the way. Those 18% mortgage rates are gonna leave a mark. Good night, and good luck.
BreakOut Posted November 22 Report Posted November 22 14 hours ago, DrStool said: When I think about religion, I realize that it's easy to get virtually the entire human race to believe a ridiculous con forever. “Something blessed me.”
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