In WW2, the Allies- US and Brits, bombed the crap out of the neighborhood where I currently live. Here’s a little background about my neighborhood. And speaking of bombing, take a look at this market in the wee hours this morning.
And shoulders over 3 weeks. Completed, and busted. The thing measures to about 3805. The 5 day cycle projection points to 3855-70. But there’s a fly in the bear’s ointment.
We may be skating on very thin ice here, but the weight of the evidence still supports a weak bull case for the near to intermediate term. So I’m adding buy picks on the chart pick list and adjusting trailing stops to account for the risk.
The Treasury is injecting more cash into the market. It announced today that it will do a second round of T-bill paydowns next week, adding another $41 billion in T-bill paydowns, to be settled on February 25. This is on top of the just announced $55 billion T-bill paydowns settling on February 23.
5 day cycle projection 3932.
Bears had a shot there. Couldn’t take it home. But they are still in the game if bulls can’t take it past 3928.
To post your observations, and snide, but good-natu…
And I’ve spewed a whole lot of words over the past 3 weeks. Scary words. Words including warnings that one of the titans of the…
Equal height trend channels have been really helpful to us through the years in identifying support, resistance, and price targets on the intraday movements of the S&P 500 and, more recently, the ES futures.
Last week’s signs of a potential early 13 week cycle low have dissipated. There’s a new price projection for the cycle low. It has implications…
Last week’s signs of a potential early 13 week cycle low have dissipated. There’s a new price projection for the cycle low. It has implications for the longer term.
Got youses attention, did I?
Does seem like we are IN THE BEGINNING of the unfolding of the catastrophic scenario that I have been forecasting to begin once the 10 year vaulted past 1%.
But for today, the 5 day cycle projection is only 3912…