The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system are inching closer to…
Higher lows and higher hize, gize.
But keep an eye on 5130 as of 8 AM in NY. That looks to be trend spport. If it breaks they could settle into a range with the next spport line around 5105 turday.
But if 5130 holds this morning, the next t…
A market in the stratosphere is flying blind, with no cycle projections in either direction. So how do we know whether a stall might be…
Here’s a chart of it.
And another.
But here, we concern ourselves with the mundane day to day.
And the question at hand is whether we get the 4 day version of the 5 day cycle and bottom this morning, or is there one more d…
Swing trade screens generated 32 charts which met all buy side criteria for visual review, and 28 which met all sell criteria for the week…
The ES 24 hour S&P futures projects to a 5 day cycle high of 5185, ideally due this afternoon. But a look at the hourly chart suggests that if they get that far, they’re going much, much higher. The conventional measured move target of yet another…
What else is new? The pattern on the hourly chart of the ES, 24 hour S&P futures is bullish again. It’s on its way to test the minor high of 5130. If they consolidate there, as I expect they will, the 5 day cycle projection would work out to around…
Cycles have gotten in gear to the upside, with most projections pointing to the xxxxxxxx area. The conventional measured move target of the base breakout…
If that was the extent of the correction, buckle up. A new 5 day cycle up phase is under way. We might see an interim 3 day cycle high on Thursday, but the next 5 day cycle high would be due ideally until Monday. So count on today being an upsy-daisy. …
A return to the scene of the crime is a regular feature of stock market breakouts. When prices break through a previous top, they run for a bit, but typically they then sneak back to the site of the break before going on the lam again.
That’s whe…