DrStool Posted Wednesday at 11:07 AM Report Posted Wednesday at 11:07 AM The market is trying to crawl back from yesterday's selloff. First step, it needs to clear 5933. Or failing that, it merely would need to end the day above 5925 to clear the downtrend channel. Additional resistance awaits in the 5960 area. Then 5970-80. If it rolls over instead, the first significant spport line is around 5890. Those are the parameters I'm watching for today. But if truth be told, this range has been crossed so many times, that willy-nilly trading within the range is just random noise. Hourly oscillators are trying to make a bottom here, but if they turn down, the configuration suggests that a selloff that starts from here could trigger explosive diarrhea. Sort of like what the Danes or Panamanians must be feeling after hearing Donald Trump threaten to use US military force against their countries. Moron the markets: Is the Market on the Verge of a Major Move? Key Levels to Watch This WeekJ anuary 6, 2025 Market at Critical CrossroadsJ anuary 6, 2025 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
Takachi-1 Posted Wednesday at 02:22 PM Report Posted Wednesday at 02:22 PM Winners and losers at the moment don't seem to be driven by rational/predictable forces. I think Im going to sit out a few days. I've lost too much money when I should admit I'm just guessing. Quote
DrStool Posted Wednesday at 02:33 PM Author Report Posted Wednesday at 02:33 PM 5 day cycle projection 5835. Quote
DrStool Posted Wednesday at 04:20 PM Author Report Posted Wednesday at 04:20 PM 5 day cycle projection 5800. Not a typo. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.