A stalled, messy, rangebound market leaves a chopped up chart picture on the ES 24 hour S&P futures. But a 5 day cycle projection points to 4400. So I have both longs and shorts in my trading port today. Of course I expect to profit from neither. T…
We’re about to find out as the ES, 24 hour S&P futures come off what should be a 5 day cycle low and reach the first area of trend resistance. That’s as of 8:15 AM in New York, with resistance indicated around 4345 to 4355 coming into the New York …
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…
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, …
Excerpted from https://liquiditytrader.com/index.php/2023/10/04/tepid-tax-collections-mean-its-the-supply/ The BLS has overstated jobs gains for most of this year. The jobs reports have not been consistent with the withholding tax collections,…
Many observers have pointed out that the US Treasury should have lengthened the maturity of its debt by selling much more long term debt when yields were low.
There’s a fallacy inherent in that thinking. Yields were low partly because the Fed was…
Yesterday’s rally did not break the 2 1/2 week downtrend in the ES, 24 hour futures. To do that would require a New York closing price above 4280. At this point, that looks unlikely. The 5 day cycle indicators suggest top formation is now underway as o…