You would think that I could come up with a more clickbaity headline than that, but alas, it is what it is. The S&P fucutures have been hovering just above the 4535-45 support band on the chart all night.
Where do I think they go from h…
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 15 buys and 40 sells. That compares with 24 buys and…
Is the stock market getting ready to blast off again? There are hints on the charts that say the answer to that question looks like yes.
US stock prices are rising again today, thanks to strong fundamental economic growth driven by free market capitalism. The rising tide of unfettered economic growth with no central bank interference means that stock prices should rise every day. And th…
If you’re a bear, you don’t wanna see the up. The 5 day cycle down phase is under way, according to the hourly chart oscillators on the ES, S&P 500. But so far it’s flat, and its projection is only 4517-18.
Hourly channel sport is currently a…
If you don’t believe it, best look at the 2 hour bar chart of the ES S&P futures.
At 6 AM New York Times, we are clearly at a trend infartion point, as they test trend sport at 4519. If that holds, it’s gonna be up up and away, first to fool …
Gold shows signs of bottoming, but there’s a key parameter that must be met. Short term cycle projections point to xxxx-xxxx. (subscriber version).
That doesn’t mean that it will get there, of course, but this is the conventional measured move target of this break of the top of the base on the ES S&P futures. I’ve shown it here on the 4 hour bar chart.
The break is very slight so far, and…
As we can see on the hourly chart, after the ES S&P futures hit trend resistance, and an ostensible 5 day cycle projection of 4478.
We also saw a classic negative divergence at on the hourly oscillators at the high.
As far as how far do…
This Friday’s screens had 24 buys and 25 sells. That compares with the previous Friday’s 25 buy signals and 17 sell signals. Friday’s strength in the market averages was neither broad, nor monolithic.