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 This month $144 billion has been withdrawn.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…
The ES has gone sideways since Friday’s close. All short term uptrend lines remain intact. Hourly indicators have rolled over a bit, but they’ve stayed in positive territory so far in the pre market. A little dip below 5617 could trigger sell signals a…
That’s the 5 day cycle projection on the ES. The ES would first need to clear a couple of resistance lines around 5620 today. The projection implies a test of the early September high of 5655. If it gets there today, I’d expect a battle royal. Otherwis…
Last night we left off with a 2-3 day cycle projection of 5525 on the ES. Since then, there’s been a failure to launch, but all is not lost for the bulls yet. The 2-3 day cycle projection remains 5515 and there’s an incipient 5 day cycle projection of …
