This is the T-bill issuance schedule just ahead. After a couple months of quietude, this:
01/25/2024
Bills
$268,000
$236,977
$31,023
01/23/2024
Bills
…
The ES 24 hour S&P futures have rebounded overnight. The 5 day cycle has turned upward, with a peak due either today or tomorrow. It’s too early for a 5 day cycle projection, but a 2-3 day cycle projection looks like 4760-65. That’s also the conven…
The stock market is trying to make a stand at support this morning. The ES 24 hour S&P futures are testing trend spport lines, and so far, they are holding. The number to watch is 4737. If that’s broken, the floodgates could open. Or maybe not. The…
The post holiday session pre market on the ES, 24 hour S&P futures is a bit weak, but the 5 day cycle projection is only 4745, and we’re almost there. 4739-42 is a spport area. And then there’s more spport around 4730-35, and then every few points …
The pattern on the ES hourly chart is as inconclusive as it gets. The pattern is still one of higher lows, but all upside projections have been met in the time frames that concern us here. So we wait for clarification of what might be next. At this poi…
The ES 24 hour S&P futures broke out at 3 AM ET, making a new rally high and implying even higher levels to come. Much higher.
But we concern ourselves only with the mundane day to day here with particular focus on the ES hou…
Would you buy it here? 9 month cycle projection looks 46,000ish.
On the ES, 24 hour S&P futures hourly chart, the uptrend channel is fully intact with the market coming off the trendline here in the premarket around 6 AM ET. That line i…
Our proprietary double secret sentiment indicator has gone to a strong sell signal for day trading purposes today. Whether that translates into more than that, see Nothing is Broken.
All kidding aside, whether it is even correct in the short run …
Approaching 7 AM ET, the ES 24 hour futures were just 2 points below the intraday low of December 20, 2023. That low was broken last week to create a nice big top pattern with a measured move projection of around 4595. But then the market had an immac…
The ES, 24 hour S&P futures have now broken down from a top pattern with a conventional measured move implication of 4595. However, the 2-3 day cycle projection only points to 4665. That’s also a minor short run. In the very short run, I’d look for…