When we look at the 2 hour bars on the ES S&P fucutures we can interpret it in two ways. The market is not attacking a zone of massive impenetrable overhead supply, AKA resistance.
Or the market is entering a zone that has been crossed over a…
Originally posted at Capitalstool.The Wall Street Stool Pigeons Wire Bears won yesterday’s screen game, of course. The score was only 41 to 7, a spread…
I bring you this special message courtesy of my cell phone. Thanks to Microsoft’s wonderful Windows updates, my computer is crashed. Hopefully this is not irreversible.
As for the two days stock market crash. We’ll see!
Now I ask you to join …
The 5 day totals are 156 buys and 101 sells. The net positive of +55. Uhhhh… Surprise? That’s more than Monday’s spread of +32.
Is this just lag, or presaging some upside evil to be sprung upon us?
When bottoms fail, markets can crash. So any time we see the makings of a bottom setup at the lower reaches of what is potentially a big top pattern, it’s time to be vigilant. If support breaks, shoot first, and ask questions later. If the market rever…
Originally posted at Capitalstool.com. Join the discussion. Bears won yesterday’s screen game with 37 sell signals and 9 buy signals. That compares with Friday’s 70…
the 5 day cycle projection on the S&P fucutures at 5:30 AM in NY was 4125-30.
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Now, to the charts. First, let’s step back and look at 4 hour bars on the ES, the S&P fucutures for a little perspective.
So it would appear we are either at the top to end all tops, or the breakout to end all breakouts. Are we clear on that?
As soon as I heard that Friday’s nonfarm payrolls report was the biggest “miss” in history, I knew that something was “amiss,” and it wasn’t the eConomissts’ estimates.
Bulls won yesterday’s screen game with 22 buy signals and 16 sell signals. That compares with Wednesday’s 34 buys to 12 sells. We’ve had a couple…