DrStool Posted November 27 Report Posted November 27 Starting this holiday a bit early, I send many tanks, for the holiday season. And I will see you next Monday, subject to an occasional pithy comment in the interim. For now the uptrend on the hourly chart of the ES, 24 hour S&P futures is holding. To keep it that way today, the ES needs to end NY trading above 6020 today. If it does that and clears 6028, the first target would then be 6050. Weekly Stock Trading Signals: 7 Buys and 9 Sells Anything less than 6008 would suggest a momentary reversal. But it probably wouldn't last long. There are multiple support lines upcoming, the first of which is 6000, then around 5995, then 5975. Market Cycle Outlook: December Predictions Levels and Timing In Crypto, Bitcoin has pulled back and cycle oscillators have begun to roll over from the level where they peaked last March, suggesting that an important top is forming. But there's still an intermediate cycle projection of 102,000 that isn't dead yet. If it holds above support at 90,000 then I'd look for that projection to be hit. If it breaks then the top is probably in for this wave. Ponzi Much? Understanding Treasury Debt and Market Fragility Gold tested its uptrend again yesterday. So far, so good. Gold’s Setup for End November The euro, EUR/USD, has broken its downtrend and cycle oscillators have triggered buy signals from an extreme extension that was last reached at the October 2023 low. The euro may rebound a bit, but would need to clear 1.06 and 1.07 to signal a new sustainable uptrend. Gold’s Setup for End November If the pullback in the 10 year Treasury yield holds below 4.25, the next target would be around 4.15-4.20. A little hard to believe with this much supply on the way over the next week. And it won't get better in December. Ponzi Much? Understanding Treasury Debt and Market Fragility For moron the markets see: Gold’s Setup for End November November 26, 2024 Weekly Stock Trading Signals: 7 Buys and 9 Sells November 24, 2024 Market Cycle Outlook: December Predictions Levels and Timing November 24, 2024 Ponzi Much? Understanding Treasury Debt and Market Fragility November 20, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 2024 Primary Dealer Crisis Now, Crisis Later October 31, 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.
Takachi-1 Posted November 27 Report Posted November 27 And many tanks in return Doc. Everything I do is bounced against your view of things and its working! JDN
DrStool Posted November 27 Author Report Posted November 27 2 hours ago, Takachi-1 said: And many tanks in return Doc. Everything I do is bounced against your view of things and its working! JDN Thank you!
DrStool Posted November 29 Author Report Posted November 29 And a good short Friday to you. Continue here.
BurntOnce Posted November 29 Report Posted November 29 http://ahappyhabitat.com/music/albumVIII/ZOOM0002-edmond-fitzerald.wav
DrStool Posted November 29 Author Report Posted November 29 5 hour bar perspective on the ES 24 hour S&P futures breakout from a bottom at the highs. It measures to 6185. Market Cycle Outlook: December Predictions Levels and Timing 5 day cycle projection suggests 6065-70
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