Yesterday as we were defarting for the evening, I noted that ES fucutures were probably headed for that sport line at 4554. They exploded through that level by a full point! Then it stopped, reloaded, and tried and failed again. Now the 5 day cycle pro…
YAC!
Yet another consolidation on the way up. The 5 day cycle turned down, but the projection is only 4565, already done. I’m not hoping for much more on the downside here because the RULE of MTA (Modern Technical Analcystics) says: All patterns a…
OK, that was a typo, but I liked it and decided to go with it. 😁
If you don’t think bears are in trouble here. Think again. I’ll start with a 5 hour bar chart on the S&P bear fucutures. This high base breakout has a measured move target of 480…
You would think that I could come up with a more clickbaity headline than that, but alas, it is what it is. The S&P fucutures have been hovering just above the 4535-45 support band on the chart all night.
Where do I think they go from h…
US stock prices are rising again today, thanks to strong fundamental economic growth driven by free market capitalism. The rising tide of unfettered economic growth with no central bank interference means that stock prices should rise every day. And th…
If you’re a bear, you don’t wanna see the up. The 5 day cycle down phase is under way, according to the hourly chart oscillators on the ES, S&P 500. But so far it’s flat, and its projection is only 4517-18.
Hourly channel sport is currently a…
If you don’t believe it, best look at the 2 hour bar chart of the ES S&P futures.
At 6 AM New York Times, we are clearly at a trend infartion point, as they test trend sport at 4519. If that holds, it’s gonna be up up and away, first to fool …
That doesn’t mean that it will get there, of course, but this is the conventional measured move target of this break of the top of the base on the ES S&P futures. I’ve shown it here on the 4 hour bar chart.
The break is very slight so far, and…
As we can see on the hourly chart, after the ES S&P futures hit trend resistance, and an ostensible 5 day cycle projection of 4478.
We also saw a classic negative divergence at on the hourly oscillators at the high.
As far as how far do…
The Fed’s RRP slush fund drawdown will start next week.
