Looking at the hourly chart of the 24 hour continuous ES S&P fuguetures, the question is whether we have another potential top in the making. It’s too soon to tell. First they would need to drop to 4101.8. Then they would need to break it. Until th…
Looking at the final list of double screened output for last week there were 26 charts with multiple buy signals versus 31 the week before.…
Well, it’s hard to believe, but the 2 hour bar chart on the ES, S&P 24 hour fugutures suggests that we’re going up for a couple more days. Seems there’s a nice little cycle running 8-10 trading days that has just turned up again, with the market at…
I try not to argue with the market. Contrary to the belief of some Wall Street seers, the market is never wrong. It’s always right…
The headline for the July 18 update on this subject was “As Good as It Gets.” 7/18/22 The setup for both bond and stock market…
Well, don’t say I didn’t warn. Withholding Tax Collections Solid in July, But Here’s Why the Party is Over
And we have a rather pointed reaction, as shown in the hourly ES, S&P 500 continuous 24 hour fuguetures. They’ve broken the latest itera…
There’s not enough evidence for the umpires to overturn last week’s call on the field, but neither was there enough to confirm. Therefore the call…
I haven’t seen so much green on a chart of the ES 24 hour continues S&P futures since I was in Ireland on St. Patty’s Day. Oh. Wait. I’ve never been there, done that.
Meanwhile, both the 2-3 day and 5 day cycle projections have moderated to 4…
Do I know which way this will break today?
Hell no.
Look at the trend of the past 3 days in the ES S&P 24 hour fugutures. Look at the hourly oscillators. All perfectly neutral. We’ll just have to wait and see if they break 4078 or 4144.
…
We’ve had a helluva rally in stocks and bonds. The conditions were right for this rally, and we expected it. However, it was a bit…