It’s like all this guessing about when the next recession will be. Why bother. It’s a joke. We don’t know when the next recession will be and neither do that. We don’t know when and where the top will be either. We can guess, but what’s the point. Trad…
But I’m not worried any more. If the ES 24 hour S&P futures has an hourly close below 4505 this morning, then we can talk. For now, this looks like just another consolidation pending another breakout. Because the Fed’s slush RRP fund is working.
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Or Baby Head and Shoulders.
Methinks it’s a wee bit too obvious as it has played out over the past couple of days on the ES, 24 hour S&P futures. The neckline is downsloping. The ES would need to have an hourly close below 4495 to then have a…
The last day and a half was supposed to be a 5 day cycle down phase. Well, actually it has been, but instead of going down, first it went up, then it went sideways. The hourly cycle oscillators are in fact mostly heading lower, but at very high absolut…
The rain has finally stopped here in Malmo, Sweden, so as soon as I finish my daily start routine here and on Wall Street Examiner, I am heading over to Copenhagen for the rest of the afternoon and evening.
The sun apparently is also shining on…
As a prognosticator, I know all too well that saying, “I told you so,” is a sign of hubris that will come back to haunt you. Because the feeling usually sets in right around the time that the market is about to bite you in the ass.
Why am I writi…
Riding the waves on this baby this afternoon and overnight, as I head for Copenhagen from beautiful Oslo.
Meanwhile, the US stock futures have been choppy with a surge that has now reached the seawall at 4420. If it’s breached, Beartown wil…
Good Morning from beautiful, balmy, Oslo Norway! I’m heading out to do more sightseeing after a fabulous weekend, but I will return later to see how the market is doing by the time it gets dark here at 11 PM. Weird. But first a quick chart review for t…
Since the beginning of June, withholding tax collections have rebounded a bit, and stabilized at a level that is certainly better than the negative readings of the past 3 months. However, the nominal year to year gain of x% as of July 3 is still below …
OK. That’s extreme. But it’s a down morning. That’s something. On the other hand, the 5 day cycle projection of 4433 on the ES 24 hour S&P futures has been exceeded and a sport level at 4425 is still holding this morning. If that’s broken, then we …