They’ve finally managed to push through 5000. The ES 24 hour S&P futures are trading at 5005 here in the pre market at 7:30 AM ET. The 5 day cycle projection points to a range of 5005-5020. Time to get short for a day trade yet? How long can this …
Feeling a little warm? You should. It’s 5000 degrees out there.
First, a little perspective. Here’s a look at the 5 hour bars on the ES, 24 hour S&P futures going back to the October 27 low. Now, in terms of day trading only, because that’s w…
Well, they managed to escape the triangle pattern a millisecond before reaching the trickle point. But it was still too near it to generate any power, so here we languish. The ES, 24 hour S&P futures are still stuck near the middle of the range of …
The market is triangulating. As of 7:30 AM ET, the ES 24 hour S&P futures are riding the lower line of the pattern at 4936, inching toward an apex of 4940 as of the NY close. The closer it gets to that point without breaking one way or the other, t…
Only the Beginning
LEE ADLER 2 – TECHNICAL TRADER FEBRUARY 5, 2024
All signs point to the path of least resistance continuing to be to the upside including updated long-term cycle projections. Non subscribers click here to access.
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Whatever the Load said on Wednesday, the market changed its mind about it on Thursday.
But while it looked like a breakout, it really wasn’t. Yet.
As you can see on the ES 24 hour S&P futures, we have a megaphone pattern developing. Yes…
Yesterday, I guessed at a downtrend channel on the ES S&P 500 24 hour fuguetures chart, based on a double secret probation formula that I use from time to time, about which if I told you I would have to shoot you.
Anyway, it worked, and the m…
Today is the grand finale of the 2 day FOMC Dog and Pony show, climaxing with the regular appearance of Load Jaysus before the assembled masses at 2:30 PM ET, to explain the proclamation the high priests of monetary policy hand down at 2 PM.
The …
A two day circus is in town. It’s the FOMCircus featuring ringmaster Lord Jaysus Powell, and his Clown Posse.
The stock market celebrated its arrival yesterday. Anything that happens in the market between now and tomorrow’s dog and pony show is j…
Stocks are holding tightly to Friday’s range near the all time highs. At 6:20 AM in New York, the ES, 24 hour S&P futures were trading near the middle of the tiny trading range of the past 3 trading sessions.
The key levels to watch on the dow…