DrStool Posted December 5, 2024 Report Posted December 5, 2024 When he famously said, "The market won't fluctuate." It has now been more than a week and the market hasn't. The hourly ES, 24 hour S&P futures chart shows the market moving in a straight line trend since Tanks Giving. There's of this no end in sight. Perfectly normal market in normal times. Looking at cycle projections, using bases of 2-3 days, 4 days, and 5 days, all seem to point to a high of 6095. There's an uptrend channel line passing through that vicinity around mid day. If that's cleared, the next one would be around 6105. Analyzing Short and Long-Term Market Trends and Patterns Giant Gain in November Withholding Tax Collections Lee Adler 1 - Liquidity Trader- Money Trends December 4, 2024 Federal withholding tax collections surged in November on the heels of the October stall. That stall was due to hurricanes and the Boeing strike. We were aware that a rebound was already under way in late October. It continued with a vengeance in November. But much of the growth was a result of delayed demand. It was a bungee effect from the October pullback. Non-subscribers, click here for the rest of the story. Subscribers, click here to download the report. The bigger picture shows ongoing strong revenue growth that could reduce xxxxxxx xxxxxxxx xxxxxx xxxxxxx the months ahead, especially if the Trump Administration lets the debt ceiling play out. That and strong revenue growth would mean months of xxxxxxx x xx xxxxxxxxxx xxxxxxxxx beginning in xxxxxxxxxxxx and lasting through xxxxxxxxxxxxxxxx. Non-subscribers, click here for the rest of the story. KNOW WHAT’S HAPPENING NOW, before the Street does, read Lee Adler’s Liquidity Trader risk free for 90 days! Act on real-time reality! For moron the markets see: Giant Gain in November Withholding Tax Collections December 4, 2024 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 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 5, 2024 Author Report Posted December 5, 2024 Intermediate term cycle projections on Bitcoin (BTC) now point to 104,000. The top of the current short term channel is at 112,000 today. The top of the next longer channel is at 120,000. Gold’s Trading Cycle Alignment Has Potential
DrStool Posted December 5, 2024 Author Report Posted December 5, 2024 Gold continues to trade within a triangle. It needs to clear 2695 for an upside breakout. There's still room for a pullback to 2595 without signaling big trouble. But below that would be a problem. Gold’s Trading Cycle Alignment Has Potential
DrStool Posted December 5, 2024 Author Report Posted December 5, 2024 The 10 year Treasury yield is at a critical inflection point for both the bond market and everything else. I tell you what to look for in this report. Giant Gain in November Withholding Tax Collections
DrStool Posted December 5, 2024 Author Report Posted December 5, 2024 In FX, the EUR/USD has made a turn, but the question is how big. If it doesn't clear 1.06, look out for another vicious downleg. If it clears, that would be big. Warning Signs: Are Primary Dealers Indicating a Market Top?
DrStool Posted December 5, 2024 Author Report Posted December 5, 2024 About the collapse of the French government... I'm not sure that anyone here will notice. Or if they do, they'll shrug and say, "Bof!" The patios will still be full of people wrapped in blankets drinking espresso. It will be interesting to see how this plays out. Fascist government in US. No government in France. What's a social security recipient to do?
DrStool Posted December 5, 2024 Author Report Posted December 5, 2024 5 hours ago, DrStool said: Looking at cycle projections, using bases of 2-3 days, 4 days, and 5 days, all seem to point to a high of 6095. There's an uptrend channel line passing through that vicinity around mid day. High in the noon hour. 6094.8 This stuff is so easy. Anybody can do it.
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