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…
There were few new short term swing buy signals last week, unlike the previous two weeks. The new list had only 3 final buy signals…
Over the past 3 days, the hourly chart of the ES, S&P 500 24 hour futures has become increasingly disjointed and incoherent. This is a symptom of the growing shortage of liquidity. It reflects the inability of dealers and other big players to maint…
The final list of double screened output for last week resulted in a near tie. There were 28 charts with multiple buy signals, and 27…
The gradual flattening of the CLI is now visible. Starting in June, it should turn negative. The Fed will begin literally removing cash from the…
The S&P hourly 24 hour ES fugutures chart seems to have set up a beautiful bullish base.
Pass or fail?
The answer is 3960.
Above that, they’ll run it back to 4000, with a measured move objective of 4050-4080.
Other than that…
Last week’s low took out the prior low. The market has been making lower highs and lower lows for over 5 months. That’s a bear…
The hourly ES 24 hour S&P fugutures chart made a picture perfect bottom over 5 days through yesterday, and then proceeded to rally, as we might expect. But the rally is punk. It’s stuck in the mud. It needs to clear 3950, or else consider it dead!
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Lest there be any doubt about whether we’ve been in a bear market since January, this morning’s action should disabuse those of that notion. Especially the boobs waiting for a CNBC declared bear market on the basis of a 20% decline.
Whether or no…