I will be posting a Liquidity Trader Money Trends update later today. I’ll post the Gold Trader update on Wednesday again this week, and then…
I guessed right yesterday that the 5 day cycle down phase would go sideways. Now we await its conclusion and the next pop in this rally. It might come today. It might come tomorrow. It looks good for at least 3965. But there’s a massive wall of supply …
The bulls still have running room. The 5 day cycle projection on the 24 hour ES S&P fuguetures hourly chart is now 3980-3990. But there appears to also be significant resistance at 3955. We’ll have to wait and see if they clear that. If they do, th…
If you believe in signs, miracles, portents, and quantum mechanics, then stock charts and trading screens are for you! Allow me to explain. Technical Trader…
We got the V bottom and spike rally that I was worried about last week. This rally has started a lot like the last two…
Here at the Stool we focus on the intraday and very short term cyclical trading patterns. Very interesting right now.
The pattern on the hourly chart of the ES 24 hour S&P 500 fuguetures has turned unmistakably bullish. But there are challenges. They’ll arise at clearly delineated resistance levels. 3800, 3810, 3820, and 3835. Each in succession will be a test to …
Back from a 3 day weekend yesterday, which I, living in France, had no clue was a 3 day weekend. Mea culpa, I shoulda! But stocks were rejuvenated and celebrated.
Apparently, traders ate too much, because this morning the market has taken a big ol…
Gold remains in a state cycle juxtaposition. Cycles facing opposite directions with none having thrust result in trading ranges. We were expecting this, but it’s…
Nothing has changed since I last updated this Fed QT report three weeks ago. I have updated all the charts and details in the body…