In Currency Ville, the Your0 heads for a buck. I reiterate the idea that as long as the Fed is tighter than the ECB, and…
In the matter of Recession? What Recession? I got the following question from esteemed Stoolie, Potatohead.
Good question. It’s an annual rate of change, so there’s no seasonality, but this year was an enormous surge from last year, so it still…
Originally posted at Capitalstool. In other meanwhiles, BTC continues to consolidate around 20k, on its way to its long term measured move target of 5000…
Originally posted at Capitalstool. The euro has broken down against the doolah, and is now indeed targeting parity on the daily chart. However, when you…
Europe rallied on Monday, and sold off hard overnight and this morning. The ES US S&P 500 continuous 24 hour futures mimicked that move. As of 5 AM in New York, they’ve managed to hang on to an uptrend by a hair. But they’re on the cusp of a sell s…
The last day of trading before a US holiday weekend is usually a day for the bulls to party. This one is set up no different, and here at 6:30 AM, the party organizers are setting up the tent, tables, and well stocked bar. The party goers are beginning…
The overnight selloff leaves us with a 5 day cycle projection range of 3740-3780. As of 7 AM in New York, the 24 hour ES S&P fuguetures are sitting on a sport line at 3760, smack in the middle of the projected range. If this line gives way, then th…
The ES S&P 24 hour fuguetures have a 5 day cycle projection of 3780 on the hourly chart. It doesn’t guarantee that they’ll get there. There’s trend support at 3800. But if that breaks, the next trend support is around 3765-70. It looks like a more …
I guessed right yesterday that the 5 day cycle down phase would go sideways. Now we await its conclusion and the next pop in this rally. It might come today. It might come tomorrow. It looks good for at least 3965. But there’s a massive wall of supply …
The bulls still have running room. The 5 day cycle projection on the 24 hour ES S&P fuguetures hourly chart is now 3980-3990. But there appears to also be significant resistance at 3955. We’ll have to wait and see if they clear that. If they do, th…