Well, my friends, our first little downtrend lasted all of two days. The ES 24 hour S&P futures have broken the line that defined the top of the channel here in the wee hours as of 5:30 AM ET, US.
They have rallied to the previously broken nec…
The pattern on the hourly chart of the ES, 24 hour S&P futures, speaks for itself.
To translate, it’s a top, and it has broken down.
But there are a couple of problems from the bearish perspective. First, the 5 day cycle projectio…
The intraday pattern on the ES, 24 hour S&P futures remains bullish here approaching 7:45 AM ET. We are still firmly in the green zone with all channels still pointing upward, and none currently under threat. There’s nary a red (downward) channel t…
Yesterday’s late selloff didn’t happen.
Also, I noted at the close.
And now we’re looking at an approach to massive resistance around 4010-15, with a negative divergence setup on the hourly indicators. A breakout through 4016 would prob…
The Braves, the A’s, the Dodgers, the Giants. And that was just baseball. They took the money and ran.
The longest running, continuously operating professional sports franchise in one city? Philadelphia Phillies.
What does this have to…
Core CPI now follows core PPI core finished consumer goods downward, about 7 months after the Fed started QT. This is par for the course. Inflation seems to follow the size of the Fed’s balance sheet with a lag of 6-12 months. That lag is due largely t…
The next Buffet? Nope. He didn’t take it to the bank. He got fried. I read that Brady put his own $650 million in. Is it true? What a greedy dope.
Some get what they deserve. Others are just victims. Victims of street scams. It never ends.
…
FXFox said: ALL crypto is bad. It is a hoax from A to Z. It is the direct consequence of the mega printing since 2009, which lead to malinvestments in epic proportions, on top of them crapto.
Weekly->
But don’t worry. The 3 year cycle projection is only -3000. That’s 3000 below zero. Not as bad as the conventional measure.
Wall Street rates it a hold.
Meanwhile, back at the intraday stock market,…
The S&P 500 has barely moved over the past 24 hours. Clearly, stock traders have found the perfect equilibrium price where stocks are fairly valued, and everyone is happy. We can all now close our trading screens and go do something productive with…
Gad this is getting tiresome. And the other thing is that it’s just so disorderly. Whipsaws, sport breaks, resistance breaks. Failed signals. WTF!
For now, there’s a 5 day cycle projection of 3815 to shoot for. First they gotta clear 3797. Then t…