Last week, the list had an average gain of 11.2% with an average holding period of 2½ weeks. It was a very good week indeed.…
The ES 24 hour S&P fugutures hit 4202 overnight, but that was well shy of a 5 day cycle projection of 4245. Meanwhile, as of 3:45 AM in New York, the futures have fallen back sharply, thanks to European traders, and various and sundry trading algos…
Did I misread the technical indicators last week? I was leaning bearish because of them, even though the liquidity analysis was warning of an oversold…
Originally posted at Capitalstool, May 26, 2022 Rate hikes are irrelevant. They’re the tail. Money is the dog. Wall Street perpetually doesn’t get this. The…
Originally posted May 26, 2022 at Capitalstool. The economy is in an inflationary boom. This is very bearish. Recession is bullish. The Fed has to…
Originally posted May 26, 2022 at Capitalstool. Anybody who thinks inflation is moderating, think again. PPI- Final Demand- Core Finished Consumer Goods leads. And it…
Yesterday was a good day for us, in terms of reading the stock market futures chart pattern well in the premarket, and laying out the likely direction and targets for the day. Can we do it twice in a row?
Nah, but what the hell.
Why not try …
Normally we don’t think of wedge patterns as leading to breakouts, but this one might. Here’s how it looks on the 2 hour bars of the ES 24 hour S&P fuguetures.
And zooming into our usual look at the hourly bars. It’s a messy pattern, bu…
Lindsay Williams interviews Lee Adler. Content hosted by iono.fm Thanks to Lindsay!
Looking at this hourly chart of the 24 hour ES fuguetures, we see a market going nowhere fast. Over the past 2 weeks it has made a lower low, a higher high, and every trend permutation imaginable. Yech.
Today, once again, the market is making a t…