We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial…
The ES 24 hour S&P futures pulled back to trend support 3 times in the last 36 hours. Apparently the third time is the charm.
I just made that up.
OK, not, but looking at this pattern, and seeing those hourly cycle oscillators turn up f…
Nicely noted!
What should we make of this crazy pattern on the ES, 24 hour S&P futures? It looks a little bottomy, judging by the price pattern over the last several hours, and the action of the hourly oscillators. But there are no buy sig…
This advance has been so orderly it feels like it could go on forever like this. Of course, it won’t but we’re here to consider today. And given the recent preponderance of a 4 day loop, it would seem that today would be corrective. In other words, sid…
Concurrent 3 and 5 day cycle highs are due this morning, but this move on the ES, 24 hour S&P futures looks like it’s getting a second wind. There’s a 2-3 day cycle projection of 5830, but using a 4 day duration suggests 5860. And the conventional …
But is it a road to nowhere. The ES 24 hour S&P futures hourly chart has formed a triangle since yesterday. It’s the epitome of indecision, but when the break out, the move is usually explosive, if not always long lived. Hourly cycle oscillators ar…
Check out the two hour bars on the ES. It’s a picture perfect high base breakout, the quintessence of an orderly advance. The breakout has a conventional measured move target of 5860. We’re Now Week to Week for this Bull
On the hourly chart…
As a former resident of Florida for 30 years, my thoughts will may cease to be viable for investment at all after this. I sold my property in the spring of 2022, but I take no pleasure in that. Millions of people will face hardship.
I had long wo…
The market pulled back to support, AGAIN, and bounced AGAIN. This bounce has triggered a 5 day cycle buy signal on hourly oscillators. However, the ES still needs to be above 5715 when NY opens to break the downtrend. If successful, then the next goal …
Here we go again. A minor pullback gets everybody all beared up. The pullback stops at support. A base pattern forms. Now on the cusp of a breakout.
Today’s another day of travel and limited connectivity for me. I’ll be back as often as possible….
