They don’t come any more perfect than this.
An hourly close on the ES 24 hour S&P fuguetures would be bad news, bears. The 5 day cycle projection is already 4125. A breakout from this obvious base pattern implies a measured move target of 428…
I’ve gone bottom fishing, adding 5 mining picks to our one lonely long added last week. The good news is that we completely avoided the…
On the week, buy signals overwhelmed sell signals, thanks to Friday’s rebound, but they had the lead earlier in the week as well. The final…
Running late today so I’ll keep this short. We have an uptrend channel on the hourly ES S&P 500 24 hour fuguetures chart. As of 8 AM in NY, trend support is at 3990. As long as they hold above that, there’s a shot at a higher high than Friday’s. It…
Friday’s rally brought the market back above downtrending support lines, but did not break any significant trend resistance lines. I must assume that the bearish…
The conditions for a rally in bonds were there, only the will was missing. That finally showed up last week. Meanwhile, the dealers finally meaningfully…
The 24 hour ES S&P 500 fugutures are maintaining the dead cat bounce that began late yesterday. The hourly chart shows that the short covering has carried the price to downtrend resistance at 3975 as of 7:15 AM in New York. The 2-3 day cycle projec…
Crypto is giving us a glimpse of what’s ahead for traditional investment classes.
And to think that back on January 3 when Tom Bodrovics posted his interview of me (recorded 12/28), they laughed at me for recommending cash as the least terrible i…
A bottom. Not THE bottom.
But how big a bottom? Meh, not that big. If the ES 24 hour S&P futures futures clear 4050, then we’d be looking at 4070 pdq. There are three resistance lines converging around 4070-75, so the odds don’t favor clearin…
Cycles are still in gear to the downside in both the metal and the miners and cycle projections still point lower. But there was one…
