Last night’s pullback on the ES, 24 hour S&P futures, created a double bottom with a positive divergence on hourly oscillators. That’s a classic sign of a 5 day cycle low. Effective Trading Strategies: Buys and Sells This Week
But alas, any moves confined to the 5850-5910 range will be useless random noise. However, with the hourly oscillators all near the zero line, a breakout from the range should lead to big move.
Meanwhile, BTC moves inexcrably toward its intermediate cycle projection of 100k. Short-Term Gold Miner Buys for Gold Bull Market
And gold holds where it has to.
While the euro finds its footing after hitting an intermediate cycle projection of 1.05 USD.
Even the Treasury market found its footing, if only 4 a moment. But if 4.37 holds, the bearish yield uptrend and price collapse, will remain intact, and continue to threaten contagion. Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish
Originally posted at Capitalstool.
For moron the markets see:
- Short-Term Gold Miner Buys for Gold Bull Market November 19, 2024
- Effective Trading Strategies: Buys and Sells This Week November 18, 2024
- Quiet But Ominous Signs of Early Bull Demise November 17, 2024
- Here’s Why Lower Treasury Supply Ahead is Bullish or Super Bullish November 11, 2024
- Don’t Be Misled By October Tax Collections Collapse November 5, 2024
- Primary Dealer Crisis Now, Crisis Later October 31, 2024
- Liquidity Measures Show Markets Stretched to the Limit October 21, 2024
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