A 13 week cycle low was due but confirmation is needed. Holding above the last low, followed by an upturn would be a good start. Non-subscribers…
The uptrend in the ES, 24 hour S&P futures remains intact. Prices crawled along the lower trendline overnight. That trendline rises from 5980 at 7 AM ET to 5995 at the NY close. The trend will remain intact, and the rise could accelerate, if it rem…
The hourly ES, 24 hour S&P futures, is trending toward the latest 5 day cycle projection of 6020. 6020 is also a conventional measured move target of the base breakout. Market Cycle Outlook: December Predictions Levels and Timing
At 6 AM, the …
There were 553 short-term buy signals and 321 short-term sell signals in the screens this week. After applying long term and intermediate term filters, there…
There were 553 short-term buy signals and 321 short-term sell signals in the screens this week. After applying long term and intermediate term filters, there…
Cycles – The pending test of the post-election high looms large. If the market clears xxxx, then it would clear the way for a run…
The coupon offering for the end of the month has been posted. Net new supply $145 billion. My forecast estimate was $130 billion. The language used…
The ES 24 hour S&P futures are headed for the point of an enlarged triangle, which has formed since a smaller triangle breakout fizzled. That point is around 5925, give or take, next Tuesday. The triangle lines converge there, starting from where t…
There’s a triangle pattern breakout on the ES 24 hour S&P futures this morning. Triangle breakouts are usually explosive, but may or may not see follow through after the initial bang. One indication that suggests this one might is that this looks l…
Just posted: Ponzi Much? Understanding Treasury Debt and Market Fragility
Meanwhile, on the hourly chart of the ES, 24 hour S&P futures, we have a megaphone. It’s shouting loud but not clear. The hourly cycle indicators are edging to the sell…
