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 …
Here it is, not even 6 AM in New York, and the overnight traders have already bought the dip. It started in Asia and continued in Your Rope. There are buy signals on the hourly oscillators and they came from positive divergences versus the previous ho…
This is ridiculous. There have been more false breakdowns lately than I can remember. The new technical rule is: When stocks break support, buy.
Which is, of course, the opposite of the old rule.
It’s the bots and the AI, AI, AI. They’re doin…
This morning the market as represented by the ES, 24 hour S&P futures has been creeping up along its latest trendline. It’s amazing how these things work sometimes. After all, I drew this line yesterday. Now, as of 6 AM ET, 5619 is the number below…
Electricity went out in my neighborhood where I’m currently staying in Warsaw this morning your time. It’s been about 2 hours and the power just came back on. But apparently the neighborhood internet infrastructure is also down. I’m getting DNS errors….
What else can you ask for. It’s dull, it’s boring. It’s super market! Where’s the white bread aisle. Swing Trade Screen Picks – We Caught the Turn
Need an hourly close below 5592 to break the uptrend, and below 5584 to create a minimalist top patt…
Good morning, America, how are you?
Well, yes. I discussed it in the latest report. Nothing But Air I also earlier had the caveat that a vicious second wind rally was a possibility. That has played out. Then last week when so many buys came up…
The ES needs to be below 5562 at the NY open, and 5575 at the close to break the current iteration of the uptrend. That’s just to break the proximate trend, not to signal a top, let alone a downside reversal. First things first.
Failing that, it …