Has been initiated. Will we have liftoff or failure? I don’t know about you, but I’m counting down. Swing Trade Screen Picks – Ignoring a Flood of Sell Signals
Bond market on the cusp of trend break or resumption. The Longer This Goes On, Th…
SInce Friday afternoon we’ve now had one lower high and a lower low in the ES 24 hour S&P futures. It’s an hourly basis bear market.
But the supercycle (long term trend of more than 2 days) is still bullish. The ES would need to end today bel…
Well, well, well, another little selloff hits support. Then…
Nothing.
Back to trend, square one.
You can see for yourself the number they need to break today to break the uptrend, and the next number needed to create even a short ter…
And it’s off to the races! The 5 day cycle up phase finally found some momo. Who knows why? And who cares? Why does why matter? Every day its something different, and tomorrow it will be contradictory. There’s only one why that counts. That is that the…
Go to sleep little ones.
Odds still favor, but do not guarantee, a breakout, as the 5 day cycle should be early in its up phase. A breakout here would measure to around 5780. Otherwise, if they drop below 5715, more waffling. No top unless …
Tuesday being today, that would make this setup a launchpad after a 5 day cycle flat down phase.
Meanwhile, how much farther will this run? Gold Sings Higher and Higher
And how’s that Fed “rate cut” working for you? Macro Money B…
See for yourself. Here’s the hourly 24 hour ES, S&P futures chart. Looks like another launchpad.
Stars Are Aligned
Lee Adler 2 – Technical Trader September 23, 2024
If everything points up, can the bulls be denied…
This is interesting. Monthly, weekly, daily.
Fartcalls.
Gold Sings Higher and Higher
Lee Adler 3 – Gold Trader September 19, 2024
The 9-12 month cycle projection suggests that the uptrend has …
The current 5 day cycle projection on the hourly ES 24 hour S&P futures is 2740. I warned yesterday that the Fed was loosening into an already overheating economy that is producing lots of excess liquidity. Now the Fed adds fuel to the fire.
…
The Fed’s RRP slush fund is now down 90% from its peak levels reached in Q1 of 2023. This month $144 billion has been withdrawn. Soon, the money will be gone. Then what.
I have forecast the draining of this facility from the time QT began. The Fe…