Yesterday, I speculated that the ES, 24 hour S&P futures might trade in a 5050-80 range. That’s pretty much what has happened in the past 24 hours with the exception of a brief foray a few points above 5080. So far, this looks like a benign consoli…
The action of the last two days in the ES, 24 hour S&P futures, looks like an orderly consolidation so far. There’s still a 5 day cycle projection of 5050 hanging out there, and a cycle low isn’t ideally due until Wednesday. That said, the hourly o…
That’s right, former bears. Today is the day you either come back to life, or remain zombies consigned to market purgatory, wandering aimlessly in the desert, bereft of leadership, or hope, or reason. Praise Jaysus.
And so, we turn to the hourly …
Just an epic breakout yesterday. To da moon Alice. But what if you didn’t buy and hold the Magnificent Seven.
Swing Trade Screen Picks – What Happens When Not Holding the Mag Seven
LEE ADLER 2 – TECHNICAL TRADER FEBRUARY 23, 2024
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The ES 24 hour futures crossed the entire trading range overnight and has slightly breached the February 12 high. This is where it gets interesting. The 5 day cycle projection of 5065, suggests that the upside is all but done for now. But this isn’t th…
The hourly chart of the ES 24 hour S&P futures has broken the uptrend that began in early January, but the break doesn’t mean it’s over. As you know, it ain’t over till it’s over. Or until the fat lady sings. Neither has yet happened.
Meanwhi…
But how many of us are lip readers? So we’ll stick to the charts. For our purposes here, the chart of the day. That is the 24 hour ES, S&P futures, and looky looky. Not one, but count em, TWO red channels. If they break out of one, there’s a backup…
Gonna be interesting as they test the high. But alas the ES, 24 hour S&P fuguetures looked primed to break out. The 5 day cycle projection is around 5095. There’s no material negative divergence on the hourly oscillators. So, maybe pause at the hig…
This trend is your friend. This trend is my friend,
From Califonicate to the New Yawk Eye Land
Yeah!
It ain’t over till Roy Orbison sings.
But it looks interesting here. The conventional measured move objective of this little tin…
The ES 24 hour S&P futures have been riding a 12 day uptrend line in the pre market. Which way will it go from here?
We have an epic extension on the hourly oscillators so odds favor a downside break and a little correction, but if it goes up…