11 hours ago, MisFit Kid said:GOOG and AAPL a little down in the after life……
tomorrow is it BTFD as usual……….
or for the first time in a long time, is it truly…..
SNOT is running down his nose……
>: although, technically, SNOT is green…
and
fundamentalstechnicalsFED, et al. are all that matter…….(and Flo-Bot Friday)
Right.
So for perspective I thought I’d give you the 4,2,1 look on the ES, the S&P 500 fucutures. That’s the 4 hour bar chart first, then the 2 hour, then the one hour.
The Bear Maginot Line today is at 4600. You know what happened to the Maginot Line, right? If you don’t, Google it. Trend sport runs from 4565 to 4570 today. Longer term Once Resistance Now Sport level is around 4550 (4552 adjusted for inflation). I’m laughing. Are you laughing?
Look, in 20-30 years my contemporaries and I will no longer exist and the rest of you will be fucked. If you don’t laugh now, you will lose the opportunity. Use it or lose it!
Just to remind you, if the bears don’t retake 4550 and below, this high base pattern is a reverse multiple head and shoulders bottom, with a measured move target of 4800. 🤑🤮🤮🤮
Now the 2 hour bars.
Oh, that’s encouraging.
Not.
I’d have to guess that since in MTA (Modern Technical Analcysts) all patterns are bullish, that this double top is a YAC (yet another consolidation) that will resolve upwards.
Finally, the one hour bars for you listening and dining pleasure at breakfast. Hopefully 3 eggs over scrapple, with rye toast slathered in butter, and 3 cups of coffee with extra cream and sugar. How would you rather die? Eggs and scrapple cream and sugar, or climate change.
Of covid? You know I was traveling all over Poland for 3 weeks on crowded trains where 75% of the riders were not wearing masks. I had my mask on at all times, but I gotta tell you, I was afraid to breathe. I’m a heart attack and bypass survivor with constantly clogged arteries trying to kill me. I’m doing my best to fight it off. Kale, hummus, spinach smoothies, pomegranate juice and green tea. Yeah, that’s it.
On that note of perspective, here’s our finest grain perspective for purposes of this thread this morning.
I’ll say it loud. I’ll say it clear. This is not the top. I anxiously await the day when the market proves that wrong. I’m looking for it. When it comes to shorting. I don’t mind being a little late. Lord Jaysus is merciless. He takes no prisoners. How much longer can we bear?
This is just the intraday look. For more:
Stocks Look Ready for Another Liftoff
More Sells Than Buys in Screen, But I Added Two Buys This Week
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