DrStool Posted December 4, 2024 Report Posted December 4, 2024 The hourly ES, 24 hour S&P futures is hanging on to the underside of the rising 50 hour average. It's heading for a 5 day cycle projection of 6075. The market is trending as opposed to cycling on this very short term basis. If they manage to get on the topside of that 50 hour average, the movement should accelerate toward 6080. If they clear that, then 6100 would be immediately in the cards. If they roll over instead, trend support comes in at 6050. Analyzing Short and Long-Term Market Trends and Patterns For moron the markets see: Gold’s Trading Cycle Alignment Has Potential December 3, 2024 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 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.
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 Gold is barely hanging on to its uptrend. It needs to clear 2700 to be out of the woods. Gold’s Trading Cycle Alignment Has Potential
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 Bitcoin is in a triangle pattern on the daily. It looks like a consolidation. But none of its intermediate term or short term cycle projections point past 98,000. Top Stock Charts: This Week’s Insights
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 The 10 year Treasury yield reversed before reaching its lower uptrend channel line. That's bearish for bonds. But the Treasury is loaded with cash and has begun paying down T-bills. That's bullish. Warning Signs: Are Primary Dealers Indicating a Market Top?
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 The EUR/USD is struggling to find its footing at what should be a bottom. Warning Signs: Are Primary Dealers Indicating a Market Top?
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 As JP Morgan famously said, "The market won't fluctuate."
DrStool Posted December 4, 2024 Author Report Posted December 4, 2024 5 hours ago, DrStool said: The hourly ES, 24 hour S&P futures is hanging on to the underside of the rising 50 hour average. It's heading for a 5 day cycle projection of 6075.
potatohead Posted December 4, 2024 Report Posted December 4, 2024 https://www.washingtonpost.com/world/2024/12/04/france-no-confidence-vote-government-collapse/ Lee, what are you seeing?
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