DrStool Posted January 6 Report Posted January 6 No doubt about this morning. They bulls are stampeding. There's a 5 day cycle projection of 6060 on the hourly chart of the ES, 24 hour S&P futures. That suggests a challenge of the post Christmas high of 6050. But they'll run into resistance first around 6000 and 6020. Mild pullbacks at those levels would be a setup to attach the all time high. Short term trend spport rises from 5955 to 5980 over the course of New York regular trading hours. Moron the markets: Master Market Cycles – Exclusive Swing Trade and Short Sale Picks for January 2025 January 6, 2025 Is Gold Approaching a Critical Turning Point? January 2, 2025 Top Chart Picks for Traders – Download Full Report | Liquidity Trader December 30, 2024 Topping Patterns? Here Are the Year-End Signals December 30, 2024 New Year’s Chart Picks Update December 30, 2024 Liquidity Trends and Stock Market Insights – Is a Bear Market Imminent? | Download Full Report December 24, 2024 Macro Liquidity Report: Key Market Trends & Insights for 2025 December 17, 2024 Stock Market Outlook: Extreme Valuations, Liquidity Growth, and the Road to the Next Bear Market December 8, 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 Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder. Quote
DrStool Posted January 6 Author Report Posted January 6 Market at Critical Crossroads Lee Adler 2 - Technical Trader January 6, 2025 Technical Trader subscribers click here to download the full report. Non subscribers can click here to access a risk free trial. The S&P 500 is testing key resistance at xxxx. A breakout could signal a short-term uptrend, while failure to hold would complete a head-and-shoulders top pattern, with a conventional measured move target at xxxx. Non subscribers can click here to access a risk free trial. Key Levels: Support: xxxx, xxxx Resistance: xxxx, xxxx Dow Jones Industrial Average: The Dow is challenging its downtrend channel. A close above xxxxxx signals a breakout, while failure risks falling to support near xxxxxx. Cycle Analysis: Short-Term: Market strength could confirm a xxxxxx xxxxx xxxxx Long-Term: Vulnerable below xxxx, but potential remains for xxxxx by mid-2025. Indicator Review: Mixed signals. Short-term indicators lean xxxxxxx, but intermediate cycles show xxxx xxxxx. Sustained gains this week are xxxx xxxxx xxxxx. Non subscribers can click here to access a risk free trial. Quote
Jorma Posted January 7 Report Posted January 7 Fed’s top Wall Street regulator to step down after Trump’s advisers pushed to demote him https://www.washingtonpost.com/business/2025/01/06/trump-targets-top-fed-official/ Quote
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