The hourly chart of the ES 24 hour S&P futures has broken the uptrend that began in early January, but the break doesn’t mean it’s over. As you know, it ain’t over till it’s over. Or until the fat lady sings. Neither has yet happened.
Meanwhi…
But how many of us are lip readers? So we’ll stick to the charts. For our purposes here, the chart of the day. That is the 24 hour ES, S&P futures, and looky looky. Not one, but count em, TWO red channels. If they break out of one, there’s a backup…
Gonna be interesting as they test the high. But alas the ES, 24 hour S&P fuguetures looked primed to break out. The 5 day cycle projection is around 5095. There’s no material negative divergence on the hourly oscillators. So, maybe pause at the hig…
This trend is your friend. This trend is my friend,
From Califonicate to the New Yawk Eye Land
Yeah!
It ain’t over till Roy Orbison sings.
But it looks interesting here. The conventional measured move objective of this little tin…
The ES 24 hour S&P futures have been riding a 12 day uptrend line in the pre market. Which way will it go from here?
We have an epic extension on the hourly oscillators so odds favor a downside break and a little correction, but if it goes up…
They’ve finally managed to push through 5000. The ES 24 hour S&P futures are trading at 5005 here in the pre market at 7:30 AM ET. The 5 day cycle projection points to a range of 5005-5020. Time to get short for a day trade yet? How long can this …
Feeling a little warm? You should. It’s 5000 degrees out there.
First, a little perspective. Here’s a look at the 5 hour bars on the ES, 24 hour S&P futures going back to the October 27 low. Now, in terms of day trading only, because that’s w…
Well, they managed to escape the triangle pattern a millisecond before reaching the trickle point. But it was still too near it to generate any power, so here we languish. The ES, 24 hour S&P futures are still stuck near the middle of the range of …
The market is triangulating. As of 7:30 AM ET, the ES 24 hour S&P futures are riding the lower line of the pattern at 4936, inching toward an apex of 4940 as of the NY close. The closer it gets to that point without breaking one way or the other, t…
Only the Beginning
LEE ADLER 2 – TECHNICAL TRADER FEBRUARY 5, 2024
All signs point to the path of least resistance continuing to be to the upside including updated long-term cycle projections. Non subscribers click here to access.
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