DrStool Posted December 2, 2024 Report Posted December 2, 2024 The hourly ES, 24 hour S&P futures continue to trend relentlessly. They barely pull back as they trundle higher. A new uptrend channel has formed as the ES attacks Friday's high of 6044. The lower line rises from 6027 in the 8 AM hour to 6047 at 4 PM ET. There will be no reversal without that breaking first. Then it would need to take out 6020 to create even the tiniest reversal pattern. Mewnwhile, a 5 day cycle projection points to 6055. Analyzing Short and Long-Term Market Trends and Patterns The rally in the bond market took the 10 year yield as low as 4.17 on Friday. It's back up to 4.23 this morning. A rally is not sustainable now, but it could be after January 2. Here's why. Warning Signs: Are Primary Dealers Indicating a Market Top? The EUR/USD is pulling back to test last week's low. It should try to rally again after that. Meanwhile, gold holds at its long term trend channel and looks poised for an upleg. Gold’s Setup for End November Bitcoin keeps hovering just below 100k, and looks poised to explode. The problem is that cycle projections across intermediate and longer cycle time frames only point to around 95-96 k. And the high base breakout only measured to 94k. Those measures don't support the breakout that everyone expects. 93k and 91 k are important spport lines that BTC bulls don't want to see crossed. For moron the markets see: Analyzing Short and Long-Term Market Trends and Patterns December 2, 2024 Warning Signs: Are Primary Dealers Indicating a Market Top? December 2, 2024 Top Stock Charts: This Week’s Insights December 1, 2024 Gold’s Setup for End November November 26, 2024 Ponzi Much? Understanding Treasury Debt and Market Fragility November 20, 2024 Don’t Be Misled By October Tax Collections Collapse November 5, 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 December 2, 2024 Report Posted December 2, 2024 Gold is up in $ significantly except for the currency effect, almost $19. Does the currency effect apply to Bitcoin as well, I would think so?
Jorma Posted December 2, 2024 Report Posted December 2, 2024 I believe crypto will break cycle analysis. OK, could break cycle analysis. Or die trying.
SiP Posted December 2, 2024 Report Posted December 2, 2024 Santa Rally in december. only longs Bears could win in Juanuary 2025.
DrStool Posted December 2, 2024 Author Report Posted December 2, 2024 Fed Deferred QE Strategic Cash Reserve RRP Slush Fund new low. Warning Signs: Are Primary Dealers Indicating a Market Top?
DrStool Posted December 2, 2024 Author Report Posted December 2, 2024 2 hour bar perspective showing rigor mortis rally.
SiP Posted December 2, 2024 Report Posted December 2, 2024 dont short, be Rich, buy longs in december its impossible to lose
DrStool Posted December 2, 2024 Author Report Posted December 2, 2024 Debt ceiling roulette starts Jan 2. You too can be a winner. Place your bets. Warning Signs: Are Primary Dealers Indicating a Market Top?
SiP Posted December 2, 2024 Report Posted December 2, 2024 1 hour ago, DrStool said: Debt ceiling roulette starts Jan 2. You too can be a winner. Place your bets. Warning Signs: Are Primary Dealers Indicating a Market Top? Lee, 6666 in may 2025. perfect top
DrStool Posted December 2, 2024 Author Report Posted December 2, 2024 If you don't subscribe to Liquidity Trader, you should. Analyzing Short and Long-Term Market Trends and Patterns Lee Adler 2 - Technical Trader December 2, 2024 Cycles The up phases in cycles from 13 weeks to 10-12 months have strengthened. The only cycle with a projection is the 6 month cycle. It points to a high of xxxx ideally due xxxxxx xxxxxx. A variance of a month or so is normal. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Cycle Screening Measures These measures continue to xxxxxxxx xxxxxx xxxxx with 6 month cycle measures suggesting xxxxxxxxxx xxxxxxxxxxxxxx. Non subscribers click here to access. Third Rail The market is moving toward the apex of a wedge pattern at xxxx this week. The lower trendline of the sharpest short term channel rises from xxxx to xxxx this week. If the market is above xxxx on Friday, it’s still a strong uptrend. Clearing that would suggest acceleration toward a quick move to xxxx. Even if they break the lower line, a short term uptrend would still be in force until there’s a close below xxxx. Non subscribers click here to access. Long-Term Weekly Chart The market is rising mid channel with clearance to xxxx at year end. Channel support rises from xxxx to near xxxx.Non subscribers click here to access. Monthly Chart The lower channel bound is at xxxx this month. The upper bound is around xxxx. Non subscribers click here to access. Not a subscriber? Get price and time targets, and weekly swing trade chart picks, risk free for 90 days!
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