Well, if you can call 16 points a downtrend. And a 5 day cycle projection of 4215 was already hit overnight.
In the 5-6AM hour in NY is trend sport. 4222 is trend resistance. I’m not hopeful for a big move if either is broken. There …
Originally posted at Capitalstool. The swing trade screen game ended in a tie yesterday, with 20 buys and 20 sells. That compares with a 19-10…
I thought it would be a good time for a little TA. The downdraft has almost reached its 6 and 9 month cycle projections of…
OK. I got nuthin on this.
Here’s the 2 hour bars.
OK. To me, that looks bullish. Why? Because… ya know. You tell me!
30 minute bars
If you are a new visitor, please register and join in! To post your observat…
Originally posted at Capitalstool. Bears won the screens again yesterday. That’s 4 of the last 6 won by the bears. There were just 10 swing trade buy signals…
Yes we do, don’t we, boys and girls? This chart tells us, and even prints the target for us at the top of the right side scale.
The market is stumbling this morning after successfully breaching last week’s high late on Friday. It has come back to trend support at of 6:40 AM in New York. This is where push comes to shove. Key support lines are at 4217, 4213, and 4209. If they do…
Bears won the screens yesterday, bigtime. There were just 9 swing trade buy signals versus 52 sell signals, a spread of -43. The bears also won Wednesday, with 27 sells vs 21 buys. It’s not thrust level yet, but bears seem to be coming out of hibernation. Herein are a dozen interesting charts from the screen results.
This morning, it looks like the market wants to build a second right shoulder on the ES fucutures in symmetry with the left side of the current head and shoulders structure. Any rollover below 4213 would favor the bears. By the same token, it would be …
This is the 9th day in the same 1% range. But we now have a completed head and shoulders top pattern with the ES fucutures sitting right at the neckline at 6:10 AM in New Yak. A breakdown looks all but certain. The 5 day cycle projection is 4175-85. S…