At 6:40 AM in New York, we’ve had a slight break of the latest, sharpest uptrend channel on the hourly ES 24 hour S&P futures chart. It’s not a material break yet. I would consider the uptrend intact until the price drops below 4605. Even that woul…
Its all there…plain as day….in the chart of the FED balance sheet.
The rally continues. The 5 day cycle projection on the ES, S&P futures now looks 4600-4610, about the same as where it was pointing at the close yesterday, plus a little leeway for a bit more upside.
As I pointed out yesterday, clearing 4550 …
The hourly chart of the ES, S&P 500 says it all. The market is on the cusp of another upside breakout. Should it clear 4546 today, there’s a vacuum overhead until around 4582. The 5 day cycle projection is 4600-4610.
You can also see …
Originally posted at Capitalstool. So Uncle Warren has bought a lot of Oxy. A stock I recomended months ago. Why???????? Well beside the oil price…
You see it on the 5 hour bar chart of the ES, S&P futures. In each of the last 3 very short term tops, the market formed a right eyebrow and then drooped. The key level today is 4545. If it stays below that, this could devolve into the droopy patt…
Or is this just the middle of nowhere. In the very short term view that we take here at The Stool, that’s exactly right. We don’t know, and neither do they. Today is a day to sit and watch the grass grow, the paint dry, the ice melt. Whatever suits yo…
The fifth time’s the charm? That’s right, this morning at 5 AM in New York, the ES S&P 500 fugutures are undergoing a fifth test of a week long trendline on the hourly bar chart. On each of the 4 prior occurrences, the line held, and the market the…
Ah, geeze. There he is again. You know what that means. Bears are in hot water. At least in terms of the ES, S&P 500 futures at 7 AM in New York.
If the bulls, and chicken (or prudent 😉 bears covering shorts, manage to push it through 4…
The 10 year yield just keeps surging.