Technical Trader subscribers click here to download the complete report. The raw daily data for last week as a whole tilted strongly to the sell…
Technical Trader subscribers click here to download the complete report. The odds of a stock market crash are typically extremely low. But on rare occasions…
Not much has changed since our last look at Primary Dealer data 4 weeks ago. The script is playing out. It’s Greek tragedy, because we know what’s coming. I’ll recount what we’ve already said, and add plot embellishments from current data that the Fed posted Thursday, that’s up to date through 10 days ago.
The bulls still have some hope here, because by my count, the ES S&P futures have had 4 higher lows over the past 4 weeks. The magic number for the bears is now 4361. Take that out and the streak will be emphatically broken, and the Great Face patt…
That’s right, not Rollover Beethoven. I’ve used that too many times through the years. In honor of my 7 months of residency in Warsaw, just ended, I decided to honor the great Polish composer instead, with a slight misspelling in recognition of current…
The strong push last week has turned the short to intermediate term outlook bullish. The numbers now portend …
4690-97. That’s the critical zone on the ES S&P futures that the bears need to hold, or else lose the plot. If they hold, then we get a pullback to around 4445 and we’ll see from there which way they want to go.
But if they break 4490, then w…
The Big Giant Head Pattern which we have noted for the past several days, has grown a tumor from the left ear. This invalidates the bearish implications of the pattern. Here’s the 2 hour bars view.
Goodbye Gritty!
The hourly bar…
The final lists resulted in just one buy signal, a gold miner, and 14 charts with a sell signal on Thursday or Friday, following sell signals earlier in the week.
Can you see it? I have zoomed out to two hour bars for to help you.
Whenever this pattern has appeared in the past, such as in February 1973, the outcome has always been.
Now let’s take a look at the usual one hour bars.
A 5 day…