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…
Originally posted at Capitalstool. Bulls won the screens yesterday with 30 swing trade buy signals and 24 sell signals, a tiny spread of +6. That’s…
This is the 8th day in the same 1% range. But higher lows and higher highs. Sport level to watch, 4190. Resistance 4210, and 4230.
That’s right. Da bulls. A tad early for a 5 day cycle projection but if this just hangs around here for a few hours, we’ll be looking 4235-40.
The ES S&P fucutures have been attacking resistance at 4210 throughout the night and into mid day here in Europe, early AM in the US. They look poised for a breakout. That would make the next target the rising channel line running 4230-4235 over th…