The fifth time’s the charm? That’s right, this morning at 5 AM in New York, the ES S&P 500 fugutures are undergoing a fifth test of a week long trendline on the hourly bar chart. On each of the 4 prior occurrences, the line held, and the market the…
Ah, geeze. There he is again. You know what that means. Bears are in hot water. At least in terms of the ES, S&P 500 futures at 7 AM in New York.
If the bulls, and chicken (or prudent 😉 bears covering shorts, manage to push it through 4…
The 10 year yield just keeps surging.
Short term and intermediate cycles are in gear to the downside, but the 9-12 month cycle remains due for one more upleg to a new…
It’s around 4475 on the ES, S&P 500 futures. I’ll be back later with more.
The raw daily data for last week ended with a solid edge to the buy side. The final score for the week was 185 to…
I have determined that this is no longer a bull market. But neither is it yet a bear market. It’s one of the rarest of…
It’s the most bullishful time of the year. The annual corporate tax windfall just hit the US Treasury cash account this week. Individual annual and…
That’s right, the 3 day uptrend faces another test in the early going here. During the 5 to 6 AM hour in New York, the number to watch will be 4377 on the ES, S&P futures. If that holds, then the market could be in trending mode in these very short…
The 5 day cycle projection on the ES, S&P futures rose to 4385-4405 due to yesterday’s rally. To get there they would need to clear resistance at the trendline from the January peak. That’s at 4375 as of 5-6 AM in New York. Here’s the 5 hr bars loo…