Originally posted at Capitalstool, where we take a bottoms up approach to Wall Street. Bulls won the screens yesterday with 22 swing trade buy signals…
No, I’m not talking about being replaced by cryptonite currencies and MTA tokens, good only on the E, F, and T lines. I’m talking about this.
A move below 4179 or above 4196 should trigger something beyond this plodding, lumbering, leaf eat…
With the 6 month cycle projection of 36,000 in the rear view mirror we now focus on very short term cycle projections. The 5 day…
The Barfing Brontosaurus enlarged its head yesterday as it prepared to projectile vomit. Uptrend channels remain intact. Firing mechanisms are currently placed at 4213. All systems will be go upon clearing that level.
The final launch abort measur…
Short term indicators for gold have edged to the sell side. The 13-17 week cycles are due for consolidation. However, cycle projections still point higher.…
This post is an excerpt from Liquidity Trader report: Banking System Fragile As Fuse For Implosion Nears Ignition. Where Does Homeless Money Go? Into Reverse…
Bulls won yesterday’s screen game by 16 to 5. 21 total signals is an extremely low number. That’s because there have been so many buy signals in the past week or so that there are few left to trigger. By the same token, there’s no new wave of sell signals. In fact 4 of the 5 sell signals from yesterday were pharma stocks. The rest of the market essentially zippo. So were still in the residual momentum stage of the 153 to 6 bull stampede on May 14.
That suggested a new bull swing phase.
The ES S&P fucutures have been attacking resistance at 4210 throughout the night and into mid day here in Europe, early AM in the US. They look poised for a breakout. That would make the next target the rising channel line at …
What can I say. I like sports analohgeeze.
The obvious initial target of this premarket move in the ES fucutures is 4185. If they clear that, abandon hope, all ye bears who enter here (literary reeferants). Such a breakout would have a base pattern measured move implication of 4300. But first, the 5 day cycle projection looks 4200ish.
On tother hand,
As wild short term volatility chews up swing traders and spits them out, the market averages remain in an uptrend, and look poised to move…