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I feel really out of sync with this market.
Noticed. It’s strange… even unsettling.
Any thoughts on why?
(You’re still the best, so not a cheap shot by me, who knows positively nothing about a damned thing.)
It’s an illusion. I am not out of sync. The market was out of sync. 😄
And maybe out of money too, but it’s Fed MBS settlement week. It started yesterday.
Up, up and awaaaaayyyyy.
This now an obviously bullish pattern, and the hourly oscillators are on the buy side.
There’s no 5 day cycle projection yet. But on the 30 minute bars an early 2-3 day cycle projection points to 3580.
There’s also a possible resistance trend there. Before that, there’s possible minor resistance right here around 3565, but seems inconsequential, as does 3580.
The first real resistance is around 3585. I’m doubtful that any of these old uptrend lines mean anything. I think the odds favor going through them with minimal congestion around them.
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