It took me by surprise, I must say, when I saw this yesterday. Oh yeah, my nuts are in vice, and it isn’t very nice.
The ES 24 hour S&P futures have had a wee reversal in the wee hours around 5:30 AM New Yak time. They hit a 2-3 day cycle pro…
The Wall Street captured media still wants you to believe the Fed’s carny show of controlling interest rates. It’s just silly. I saw a tweet…
Over the 4 days since I last posted the swing trade screens update, the S&P 500 is virtually unchanged. The 8 picks I posted on…
The market is poised to do something big this week. There’s the increased likelihood of a 13 week cycle upturn to give a little lift.…
On the day to day scale that we watch here, it’s true! And if the ES 24 hour S&P futures are above 3630 by the time New Yak pre market trading opens at 8 AM ET, bears could be in some hot water for the next day or couple of days. On the other hand…
The Federal Plunge Protection Team (PPT) swung into action early yesterday, triggering a marketwide short squeeze with spectacular results. But these interventions can only last so long. The market must then sink or swim on its own. 5 day cycle project…
My call last week of a 13 week cycle upturn was premature, but bottom formation now appears under way in that cycle. Other short term…
It is simple, direct, obvious.
Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible “bottom” in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to…
The PPI reading on Wednesday includes data which now enables us to project when the Fed will stop raising the Fake Funds rate. I call…
5:18 AM ET The pattern currently developing on the hourly chart of the ES 24 hour S&P fugutures looks like a bottom. But it snot. It’s a consolidation. How do we know that? Because the 5 day cycle has been in an up phase for 2 1/2 days, which means it is now …