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…
These comments are an excerpt from the Liquidity Trader Report on current US Federal withholding tax collections. They tell us that the US economy is…
The market put in a 5 day cycle low yesterday. The ES, 24 hour S&P futures now face resistance at 4525. If they clear it, then yes, Virginia, BTFD lives.
On the other hand, there’s a spport line convergence at 4514. If broken, the market could…
When I heard it through the grapevine that the market had given a big sign.
That’s right. The market made a top and broke down without so much as the by-your-leave, obligatory bounce from spport that I was looking for. So much for that. The break…
Good morning. I made it to the Alsace Lorraine yesterday after a brief stopover in Basel Switzerland to see and pay homage to the Basel III Accords. It was a moving experience even though I was unable to find the exhibit. I went to the Basel Rathaus (p…
