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.
Click here for commentary.
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…
On the daily charts, anyway.
One day, it will break, and it will be all over.
For now, we look at shit like this and see patterns that would have been frighteningly bearish in the good old days when markets were markets, turn up.
The…
Bulls won yesterday’s screen game with 34 buy signals and 12 sell signals. That reverses Wednesday’s output. That score was 10 buys to 38 sells. We’ve…
First, the 2 hour bars. I mean, what is this? Meatgrinder? Veg-o-matic? Slice and Dice? Shake and Bake? Swing Trader’s Nightmare? Day Trader’s Delight?
Bears took yesterday’s screen game with 38 sell signals and 10 buy signals. That reverses Monday’s output, It’s just a flesh wound.