The Fed’s Strategic QE Reserve Slush Fund hit a new low yesterday. This is the opposite of usual end of month behavior when the thing usually spikes. Tick tock.
Record leverage including the use of Treasuries as repo collateral has created …
I wrote that after the clothes yesterday. I was 5:51 PM ET, and 10:51 PM here and I had removed my day clothes and was in my feeties-in PJs.
Now, before you get two eggs cited, in this this thread we’re only talking about the next day or so. A…
On the hourly chart of the ES 24 hour S&P futures, I would propose a rule. If you see a range pattern like this, run away, run away. When the thing finally breaks out, wait for the return to the scene of the crime and then take a position. That’s n…
Wait.
They keep throwing shit against the barn door, and nothing is sticking.
This morning we have another triangle break on the ES 24 hour S&P futures. This time it’s to the downside, and so far, there’s no follow through. I hold to the…
-Market Broke for Second Wind
The ES 24 hour S&P futures approach the NY open this morning in the 5840s, where they’ve been most of the time for the past 10 days. But there sure has been a lot of sound and fury along the way.
With the ov…
The ES 24 hour S&P futures broke out of a triangle pattern at 3 AM ET this morning, at the open of European markets. Triangle breakouts are usually explosive, but longer term follow through is a tossup. This breakout came almost at the apex of the …
Good morning! Yesterday the ES 24 hour S&P futures broke down from a recognizable top pattern. The initial measured move implication was 5775. That was done. However, the breakdown also took out a second spport level, which implied a target of 575…
Only this time, it’s attacking from above and it’s not all that round.
The ES, 24 hour S&P futures look to be headed for 5800 this morning. That’s the approximate 5 day cycle projection. Hourly cycle oscillators are plumbing the area of the l…
We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial…
The ES 24 hour S&P futures pulled back to trend support 3 times in the last 36 hours. Apparently the third time is the charm.
I just made that up.
OK, not, but looking at this pattern, and seeing those hourly cycle oscillators turn up f…