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…
Today. And tomorrow. Which is when we’ll get the noncement and the dog and pony show. The market will react, and in the days after, as always, we’ll get the Fed Resubstantiation Rally.
For now, it looks set up to go… drumroll please…
T…
I will start with the 2 hour bars of the ES 24 hour S&P futures, just to give you some perspective of what a beautiful bottom we’ve just come through. It has a conventional measured move target of 5250.
But wait, is that a little rounded top …
That was cute. All of the market’s gains came in a nanosecond after the closing bell last night. But they were prepping for it. The dealers had a heads up and shook the trees early in the day to gather the low hanging fruit to add to their inventories….
But will it stay that way. The uptrend is intact on the ES 24 hour S&P futures, but so is a little downtrend. Today, they’ll battle it out.
The uptrend line to watch rises from 5037 to 5048 from 5 AM NY time to the NY close at 4 PM. If that h…
The 5 day cycle projection on the ES 24 hour S&P futures is now around 5150. It looks like a better than even bet. At 5083, it’s already more than 5050, right?
The conventional measured move target of this rounded bottom base breakout is arou…
The ES 24 hour S&P futures broke out from a little bottom early yesterday, then pulled back to the scene of the crime late. At 5:40 AM New York Time, they were edging back upward to try again. It has the look of a mid stage rounded bottom. But of …
A big overnight selloff has been reversed in the early morning hours, half way through the European trading day, and 2 hours before NY opens. The ES 24 hour S&P futures have returned from a knife plunge, back to unchanged since the NY close. The se…
