This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
If you are day trading a 5 day cycle, you lose. If you are day trading a 3 day cycle, you lose. If you are trading a two day cycle you were good until yesterday. Yesterday, not so much. Now if you downshift to trading 1 day, intraday cycles, I guarantee, they will bomb you with a breakout and extended move. Which means one of two things. You will either be positioned the wrong way and get crushed. Or you will be left standing on the platform when the train leaves the station.
OK so I’m talking about myself again.
Oy.
As I complete my complaint, the ES 24 hour S&P fucutures have downticked to set up a new downtrend channel. They gotta break 3794 to get anything rolling on the downside, for starters.
For moron the markets, see:
- Gold Has Begun a Cyclical Bull Market January 4, 2023
- Here’s Where Short Term Signals Either Confirm Bullish Or Else January 2, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
I am working on swing trade screens right now for posting before NY opens. I’ll have a gold update tomorrow, followed by a new Liquidity Trader Money Trends report focusing on December tax collections and yobs man.
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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 filter.
Join the conversation and have a little fun at Capitalstool.com. 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 filter.
