OK, so maybe it won’t get there today. Or maybe it will.
After all, this is done.
Looking at a 30 minute bar chart, the 2-3 day cycle projection now looks 3910 on the S&P fucutures. That looks eminently doable once they clear resi…
Lee’s Free Thinking
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Lee's Free Thinking
Two Hour Bars Have an Ominous Look 2/4/21
by Lee Adler • • 0 Comments
Here’s a 2 hour bar chart again. If the oscillators turn up from this level, we could see another yooge upleg. The level to watch is 3835.
Lee's Free Thinking
Verticality Marks The Top 2/3/21
by Lee Adler • • 0 Comments
I give you a 2 hour bar chart for perspective. This is unquestionably, absitively, posolutely, the top of this move. I mean. You can tell. Right?
Lee's Free Thinking
Has the Game Stopped? 2/2/21
by Lee Adler • • 0 Comments
While this looks like a top, and the price has come down from 500 to 171, two longer moving averages are still trending upward.
The problem for HODLers is that the first MA is at 117, and the second is at 57.
Lee's Free Thinking
Get Used to the Wild Volatility 1/32/21
by Lee Adler • • 0 Comments
As I explained here, we’re in a liquidity shortage, but one that will be lessened over the rest of this month.
As liquidity ebbs and flows, we’ll see wild volatility changes over the next 3-6 months.
This morning, it’s to the upside, but …
Lee's Free Thinking
THE GAMESTOP GAME HAS BEEN STOPPED…..THE REVERSE HOTEL CALIFORNIA 1/29/21
by Stool Pigeons Wire at Capitalstool.com • • 0 Comments
It’s a reverse Hotel California. You can leave, but you can never check in.
Lee's Free Thinking
A BAD CASE OF OVER SHORTING (AND OVER LONGING) IS NOW BEING UNWOUND 1/28/21
by Stool Pigeons Wire at Capitalstool.com • • 0 Comments
He who shorts what isn’t his’n must buy it back or go to prison.
Lee's Free Thinking
The Circus Comes to Town Today 1/27/21
by Lee Adler • • 0 Comments
Today is Fed Circus. The elephant parade.
What can we learn from this lesson in financial zoology?
Lee's Free Thinking
Asia Sells, Europe Buys, and the US (Fill in the blank- there’s no right or wrong answer) 1/26/22
by Lee Adler • • 0 Comments
However, my guess on the 5 day cycle projection is 3865.
Lee's Free Thinking
The Dinosaur Has Eaten 1/25/21
by Lee Adler • • 0 Comments
As of 4:45 AM ET, the ES fucutures are pulling back from a high of about 3852, heading for multiple support lines around 3839+40. I imagine we’ll get a bounce from there. If it doesn’t, or if it’s weak, the next target would be around 3824-25.
