We humans try to explain everything that happens in the market. We always need a reason. But much of it can simply be explained as random shit. That’s why I try to focus more on the what than the why. Because the what at least gives us a certain percen…
The S&P 500 has now dropped more than 5% in the past 3 weeks. If this keeps up, I’ll have to do post mortem thinking, WTF did I miss?
Accepting failure is part of this business. The important thing is to manage it so that it doesn’t kill you….
Ours is not to reason why. Ours is to follow the charts or die.
Gold and Miners Set Up Ugly
LEE ADLER 3 – GOLD TRADER AUGUST 17, 2023
A 4-week cycle low is overdue but there’s a projection of xxxx for that time frame and xx…
I just finished an update on the key banking indicators and other monetary indicators, in terms of what they tell us about the stock market trend. Very interesting!
One Banking Indicator Is Flashing Bright Red for Stocks
LEE ADLER 1 – LI…
They work best at 6 month cycle turning points. In between, less so. This is the principle of synchronicity at work.
As I’ve pointed out often, rangebound markets are meatgrinders. The system is designed to find swings, not trade range edges. I t…
In Germany, when crossing the street, everyone waits for the green walk light light, even when there’s no traffic.
France: Traffic light? What traffic light? Cars? What cars? Bah!
In German cities, cars have the right of way over pedestrians. …
The hourly chart of the ES, 24 hour S&P futures looks like Galloping Gertie. The direction of the next move should be signaled by whether it clears 4500 or not. If it does it would be well positioned for a move to 4525. That would break the downtre…
It validates my forecast from a couple of years ago that the Fed’s RRP fund was a slush fund, aka RRPSF, for the markets. Every day, the direction of the amount of RRP outstanding and stock prices are perfectly inversely correlated. When stock prices f…
The ES, S&P 500 24 hour futures topped out last night at the downtrend line that started from the August 1 high. It came almost to the minute that a 5 day cycle high was ideally due. Most like spport levels for the next bounce 4487 around 7 AM ET a…
The ES, S&P 500 24 hour futures need to clear 4500 this morning or the bears can take control. Clearing that would open the way for a move back to 4520-30, where the bull case would be tested again. On the other hand, failing to clear would open th…