You see it on the 5 hour bar chart of the ES, S&P futures. In each of the last 3 very short term tops, the market formed a right eyebrow and then drooped. The key level today is 4545. If it stays below that, this could devolve into the droopy patt…
Or is this just the middle of nowhere. In the very short term view that we take here at The Stool, that’s exactly right. We don’t know, and neither do they. Today is a day to sit and watch the grass grow, the paint dry, the ice melt. Whatever suits yo…
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…