Crypto is giving us a glimpse of what’s ahead for traditional investment classes.
And to think that back on January 3 when Tom Bodrovics posted his interview of me (recorded 12/28), they laughed at me for recommending cash as the least terrible i…
A bottom. Not THE bottom.
But how big a bottom? Meh, not that big. If the ES 24 hour S&P futures futures clear 4050, then we’d be looking at 4070 pdq. There are three resistance lines converging around 4070-75, so the odds don’t favor clearin…
Yesterday, May 9, 2022, a day that will live in infamy, the stock market broke down from a major top that has been 10 months in the making.
This will get everyone beared up for the longer term, as it should. However, we here at the Stool foc…
Chart traders like round numbers, and they’ll set their algos accordingly. Shorts will set orders to cover at ES 4000, and bulls would like to buy there. So look for 4001 on the ES 24 hour S&P futures, and around that number on the cash. 😉
In …
The 24 hour ES S&P fugutures ended the first half hour of trading in New York on Monday at 4144. As of nearing 5:00 AM New York time on Friday, they were trading at 4144. The roller coaster had arrived back at the starting platform. As of the 2 PM…
This is the most important chart in the world because it shows you exactly what’s happening to the bond inventories of the Primary Dealers, the…
The hourly ES S&P500 24 hour futures chart failed to hit the 5 day cycle projection of 4325 late yesterday. It also failed to break through the top of what would be an impressive base for a move higher. That level is 4310. The pullback since the hi…
The market has broken the latest iteration of its downtrend by moving sideways. Nothing has happened yet, but obviously, something will happen after 2 PM ET today. That’s when the Fed will announce a 50 bp increase in the Fed Funds target and the begin…
I missed yesterday’s stick save. I was busy working on this.
The Fed is Tightening Into a Sheet Storm
As Potatohead pointed out late yesterday, one member of the Twitterati believes that the bottom is in on the news of the quarterly Treasury…
The wave pattern has reached the classic 16th wave, so well described by TS Eliot.
In Hurstian terms we see clear on the two hour bars, the 3 day cycle which sometimes combines into a sonnet of six, but then returns to the rhythm of the night.
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