Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
This one is a tough call. On the ES S&P futures, 4675 is an obvious fulcrum. Above that, bulls have the ball but not control. Below that, bears have the ball. Below 4645 bears would be in control for a move likely to test the low around 4575.
…
I’m talking about the EUR/USD.
Wow. Beautiful breakout. Not what your US earning, European living correspondent wants to see.
Hopefully, just a bear market rally return to the scene of the crime. A normal retracement to the breakdown area of…
There are cures, and then there are cures. This one looks good for a 5 day cycle projection of 4790. Whodathunk that the Rigor Mortis rally would have looked so good.
First there’s a little matter of resistance at 4727. If they don’t clear that t…
Subscribers, click here to download the report. Gold Cycles remain mixed with still no sign of an imminent breakout from the trading range. Here are…
Ugh. Here we go again. Is this the beginning of the Rigor Mortis Rally I warned about?
The hourly chart of the ES fugutures is beginning to look a little Armageddonish. The last downtrending sport level is around 4647 as of 8…
When the Fed creates money, it injects it first into the financial markets, before it ever sees the light of day in the banking system.
I concluded last week that the small number of signals, particularly buy signals suggested that the rally was exhausted, despite the buys having the edge. I chose not to add any charts to the list, long or short, but held on to all of the shorts that had been on the list.
That looks to have been the correct judgement.
This week, I’m adding 5 more shorts to the list.