Flight to safety in crapto currencies today. Safety, aka cold hard US dollars. I stick with my analysis that, because of the unlimited, endless, infinite…
I just feel sad for my friends in Ukraine.
I feel sad for my friends in Poland, and I worry for their safety too.
I feel sad for the world.
I feel sad for US!
You know how I love to joke around.
Not today.
Here’s the technical picture and outlook for today.
From the perspective of the 2 hour bars on the 24 hour ES S&P futures, it looks like it could be. But then again, there are multiple short term downtrend channels that have yet to be broken. And when bottoms like these drop out, the market can cras…
The market is on the comeback trail this morning. Here’s the 2 hour bar perspective on the ES S&P futures. It hit resistance around 4350, but the cycle oscillators suggest that it’s early. A breakthrough to make a run at 4380-4400 looks likely.
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The bulls still have some hope here, because by my count, the ES S&P futures have had 4 higher lows over the past 4 weeks. The magic number for the bears is now 4361. Take that out and the streak will be emphatically broken, and the Great Face patt…
That’s right, not Rollover Beethoven. I’ve used that too many times through the years. In honor of my 7 months of residency in Warsaw, just ended, I decided to honor the great Polish composer instead, with a slight misspelling in recognition of current…
4690-97. That’s the critical zone on the ES S&P futures that the bears need to hold, or else lose the plot. If they hold, then we get a pullback to around 4445 and we’ll see from there which way they want to go.
But if they break 4490, then w…
The Big Giant Head Pattern which we have noted for the past several days, has grown a tumor from the left ear. This invalidates the bearish implications of the pattern. Here’s the 2 hour bars view.
Goodbye Gritty!
The hourly bar…
Can you see it? I have zoomed out to two hour bars for to help you.
Whenever this pattern has appeared in the past, such as in February 1973, the outcome has always been.
Now let’s take a look at the usual one hour bars.
A 5 day…
Good morning from Nice, France. Today is day one of the world famous Nice Carnaval, a 16 day party that engulfs the center of this gorgeous town in the heart of the Cote D’Azur, the French Riviera, and my first as a resident of France. It shouuld be fu…