The market is apparently in the second day of a nominal 5 day (expressed as 4 day) cycle up phase. If it makes it through today without blasting off, bears should be in good shape for another death defying plunge. But a little rally this morning that m…
It’s an Ed Sullivan moment. A really big shoe.
Meanwhile, we’re home on the range again. The hourly cycle oscillators on the ES, 24 hour S&P futures say it’s a 5 day cycle low, 4 day variant edition. But the ES needs to…
As a result of the breakout from that 8 day base on the hourly chart, the ES, 24 hour S&P futures have a conventional measured move target of 4120-35. Right now they’re in a nominal 5 day cycle down phase. I’ll call it the pause the refreshes. Orig…
Good morning!
My air conditioning is being installed today. It’s the last project in my renovation. After this, cleanup, touchup, and I can finally just live in my home. That means no more excuses for late reports! 😁
As for today’s market, l…
They keep managing to do this, while the market ultimately goes nowhere endlessly. Both stocks and bonds have rallied overnight and into the early morning hours. The 10 year yield has pulled back to 4% and stocks look like they are headed to da moon. T…
This is water torture. Slowly eating away at the market, and our brains. Lulling the bulls to sleep with false hopes as they slowly bleed the pour animals.
But alas, it looks like it’s time for another hopeful 3 or 4 or 5 day cycle rally as the h…
That’s right. They bore us into submission. Then when we are all complacent that nothing worse will happen…
And the joke will be on us.
The question upon us this good day, my fellow ladies and germs is this. Is today the day?
…
That’s what this trading range feels like. Never ending pain for both sides.
The trend on the hourly chart of the ES, 24 hour S&P futures suggests that the bears have the upper hand. But the hourly oscillators show higher lows that make the p…
Here it is.
They gotta get past 3992. If they do, this thing could fly. To 3998, or maybe even 4003.
If they fail, I’m not that excited bout the downside either. They would need to break 3970 with force.
Full market outlook to b…
Market participants will say a final prayer before the market gets flushed today.