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…
I’m not sure I understand everything Jimbo says here, but it’s definitely worth thinking about.
But it looks like it’s time for a little rally in Treasuries as T-bill paydowns temporarily flood investor accounts with excess cash.
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Yesterday, no one correctly identified our mystery guest, so we will have new contestants attempt it today, on What’s My Line, with John Daly, Dorothy Kilgallen (corrected, not kilogallon), Bennet Cerf, Arlene Francis, and Steve Allen.
New …
Another dawn. But is it another false dawn, this market rally morning?
The ES 24 hour S&P futures have rebounded from the bottom of a downtrend channel. It didn’t get as low as very short term cycle projections suggested that it would. Hourly…
The ES 24 hour futures have broken through a signal strip, but immediately paused. IT needs to hold above 5145 in the early going to stay on the buy side. Otherwise, hippobottomus.
One difference on this rally so far is that it’s not starting lik…
If the market isn’t flying through the air with the greatest of ease, it’s stuck. The overnight was stuck, but it’s showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time.
Here’s the hourly ES, 24 hour S&P fuguetures. …
The market has developed a penchant for air pockets within this recent trading range. They’ve been in both directions. One of these days an air pocket will open up outside the range, and there was be no coming back from it. But which way. That’s the qu…
I’m in the dark this morning as another Windows update seems to have broken my computer again. I guess it’s a message to get new hardware that can keep up with these “updates”.
In the meantime, I have to attend to my French residence permit renewa…