In running my daily stock screens for my personal trading account, I’ve been getting some bizarre results over the past week. Today was no exception.
These are the same screens that I run for the weekly swing trade chart picks report in Liquidity …
Seriously. A 5 day cycle high is due today or tomorrow on the ES, 24 hour S&P futures, but there’s no sign of a move either way. Higher But Narrow
So we wait.
The range parameters to watch are 5209 and 5240. Snoozefest until one or the …
The chart of the hourly ES 24 hour S&P futures has met a key resistance trendline and has halted its move as of 7 AM NY time. But is this the end of the move, or merely a pause that refreshes? A 2-3 day cycle projection points to 5235, done. But us…
But first, our usual look at the hourly bar chart of the ES S&P fuguetures. It’s still in that launch paddy looking setup, 1 day after a 5 day cycle low was due. If this doesn’t launch today, then we’re stuck in a flat up phase, which is more likel…
Today is a national holiday in France, celebrating the Allied victory over the Nazis in WW2. So we won’t see any tape action until New York traders start actively trading in about 2 hours at about 8 AM. At that point we’re looking at a trend convergen…
5 hour bars on the ES 24 hour S&P futures show the market to be extended here to the level where previous minor tops have formed. The market has also reached a major resistance area.
So where to from here? Straight down today? Lately the…
The ES, 24 hour S&P futures is crawling up along an uptrend channel line this morning. The line runs from 5140 at 8 AM ET to around 5170 at the NY close. They’d need to break that for starters to even think about starting a top pattern. Otherwise, …
We all know that Wall Street is really a circus. So are we under the big top?
Hard to say, but if it rolls over today, maybe.
And if not, well, a breakout through 5096 would suggest higher prices ahead. The 5 day cycle projection says 5135-…
The finger has been fully inserted. The bull/bear prostate exam is complete. The question is, who survived the experience and who didn’t.
The chart pattern on the ES 24 hour S&P futures is stunning in its incoherence. At least the hourly cyc…
Anytime oscillators hang around the zero line, the next move is likely to be explosive when they finally break away, one way or the other.
Yesterday I warned about that and, “Sho Nuff” when the broke the zero line, down they went.
Now we h…