The ES 24 hour S&P futures broke out of a triangle pattern at 3 AM ET this morning, at the open of European markets. Triangle breakouts are usually explosive, but longer term follow through is a tossup. This breakout came almost at the apex of the …
Good morning! Yesterday the ES 24 hour S&P futures broke down from a recognizable top pattern. The initial measured move implication was 5775. That was done. However, the breakdown also took out a second spport level, which implied a target of 575…
Only this time, it’s attacking from above and it’s not all that round.
The ES, 24 hour S&P futures look to be headed for 5800 this morning. That’s the approximate 5 day cycle projection. Hourly cycle oscillators are plumbing the area of the l…
We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial…
The ES 24 hour S&P futures pulled back to trend support 3 times in the last 36 hours. Apparently the third time is the charm.
I just made that up.
OK, not, but looking at this pattern, and seeing those hourly cycle oscillators turn up f…
Nicely noted!
What should we make of this crazy pattern on the ES, 24 hour S&P futures? It looks a little bottomy, judging by the price pattern over the last several hours, and the action of the hourly oscillators. But there are no buy sig…
This advance has been so orderly it feels like it could go on forever like this. Of course, it won’t but we’re here to consider today. And given the recent preponderance of a 4 day loop, it would seem that today would be corrective. In other words, sid…
Concurrent 3 and 5 day cycle highs are due this morning, but this move on the ES, 24 hour S&P futures looks like it’s getting a second wind. There’s a 2-3 day cycle projection of 5830, but using a 4 day duration suggests 5860. And the conventional …
But is it a road to nowhere. The ES 24 hour S&P futures hourly chart has formed a triangle since yesterday. It’s the epitome of indecision, but when the break out, the move is usually explosive, if not always long lived. Hourly cycle oscillators ar…
Check out the two hour bars on the ES. It’s a picture perfect high base breakout, the quintessence of an orderly advance. The breakout has a conventional measured move target of 5860. We’re Now Week to Week for this Bull
On the hourly chart…
