The market continues to ram relentlessly higher despite being as extended as it gets on the hourly chart of the ES, 24 hour S&P futures. The 5 day cycle projection has risen to 4285. A conventional measured move target of the earlier base breakout …
This crowd was so engrossed, it forgot give us this day our daily thread.
Going nowhere until the circus barker arrives on stage. Last Week I Warned of Market Crash Potential
Meanwhile, the 10 year Treasury has gone sideways since hitt…
The market waits with bated breath for the appearance of Jaysus. The excitement builds as the crowds gather below the Papal Balcony, on the third floor of the Eccles Building overlooking the crowded squares of Wall Street and Main Street.
It’s FOMC circus week. The elephants are entering the ring. We know what elephants do when they enter the ring, don’t we.
Ringmaster Jerry and the Ratemakers will put on quite a show, and the market will ooh and ahh. In preparation, the shorts are…
The hourly cycle indicators on the ES 24 hour S&P futures chart show that the market began a 5 day cycle up phase overnight. To confirm that the up phase will be anything more than a brief pause in the carnage, the ES would need to be materially ab…
No, I don’t mean stocks. The S&P is targeting 4135 today. That’s the 5 day cycle projection based on the overnight and pre-market action in the ES, S&P 500 24 hour futures. The hourly chart suggests that the market is vectoring even lower, with…
It’s 4224 on the ES, 24 hour S&P futures. If it holds above that, bulls are in charge. If it breaks, then bears ball. But unfortunately, there are so many crosscurrents in this rangebound monstrosity, that I’d be hard pressed to conclude that any m…
An overnight melt-up wiped out 3/4 of yesterday’s late selloff. European hedge funds and other assorted algos covered shorts and set up more hedges. Now what? Nobody knows, least of all me.
Technically, the ES 24 hour S&P futures have a 5 da…
First,
Beware of Bear Market Crash Potential
LEE ADLER 2 – TECHNICAL TRADER OCTOBER 23, 2023
Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals m…
People make all kinds of statements about the market with not a shred of evidence in support of those statements, because they read it on the internets. Yes, Virginia, if you saw it in the media it must be true.
Not.
The media is…
