I give an very slight edge that the market will go this way on the basis of the 6 month cycle, but other indications suggest…
This report was originally sent yesterday under the wrong headline. Mid-July was a period of extreme risk in dealer positioning. The subsequent weeks until October…
Mid-July was a period of extreme risk in dealer positioning. The subsequent weeks until October 4 indicated a shift toward deleveraging that could become persistent,…
Happy Friday the 13th! I am out and about in Paris this morning, so I will just start with this brief observation. The hourly chart of the ES 24-hour s&p futures looks like a top pattern. An hourly close below 4433 would negate the implications of …
The very short term trends remain bullish, but the shakeouts and individual breakdowns make it difficult for the longs to stay long. And give the bears hope. Both give the market fuel to go higher late in the day.
From the standpoint of the hourly…
The conventional measured move target on the base breakout of the ES 24 hour futures is at least 4450. However, the hourly cycle indicators are extended both on an hourly and two hour bar basis. So a pullback or consolidation is likely before the adva…
Over the past couple of weeks I have been calling the pattern forming on the chart of the S&P 500 and the ES 24 hour futures for that esteemed index, as The Big Low. First On the Lookout for Big Low, and this past weekend, The Big Low. That “Big L…
The list got slaughtered last week. At best, my buy side picks were too early, and at worst, flat out wrong. The average loss is…
It’s a sad and terrifying day in Israel, and still in Ukraine as war rages. But as the quote of Baron Rothschild reminds us, Buy when there’s blood in the streets, even if the blood is your own. Whenever, and wherever there’s war the blood is our own, …
There are some signs that this is it, and others that say, not so fast, Buster! Let’s sort it out. Non subscribers click here to…