Menu Close

The Only Thing That Matters on the Bullshit Train 8/26/20

ES Futures Daily Chart

Really what else can you call a market that does this with 30 million unemployed, as many unable to pay rent or the mortgage, some starving, and thousands dying every week from a virus that the Regime keeps trying to cure with bullshit fake remedies.

Sickening.

But none of that matters. There’s only one thing that matters. Central bank liquidity and promises to do whatever it takes to ensure that the already rich never lose a dime, no matter how dumb or morally outrageous their bets are.

It’s hard to watch this day after day and not feel a sense of unreality and despondency.

Daily.

ES Futures Daily Chart

Hourly.

ES Futures Hourly Chart

You can follow more of my intraday snark at the Stool Pigeons Wire. Register there and join in!

Meanwhile, get cycle projections from 2 weeks to 2 years, along with key support and resistance trends and levels, and long and short stock trading ideas at Lee Adler’s Technical Trader. Here’s the latest report.

Stocks Breach

A short term top and minor correction are due but intermediate cycles still point higher. We have more stockchart picks to take advantage either way.

Technical Trader subscribers, click here to download the report.

Not a subscriber? Try Lee Adler’s Technical Trader risk free for 90 days! 

RSS
Follow by Email
LinkedIn
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading