The ES, 24 hour S&P futures are still in a bullish pattern. Higher highs, with the exception of yesterday, so far, and higher lows, although the angle of ascent has decreased sharply. The action is now in a trading range of 4860-4903. We wait for t…
The ES, 24 hour S&P futures are perched on the edge of a precipice this morning. Will it jump or soar?
The key, initially, looks like 4860. If they break that this morning, then we’re looking at 4850, where a trendline intersects with the NY …
Time marches on and so does the market on its upward path. Overnight, the ES 24 hour S&P futures rolled to new high after new high, finally hitting the measured move projection of the high base breakout at 4886. It bumped into an uptrend channel li…
Looks like the market has decided not to decide. The ES 24 hour S&P futures are locked in a tight range. To me, it looks like a launchpad. If they clear 4865, I would expect a blastoff. Below 4843, I’d look for an itty bitty pullback before another…
That’s right, today’s 5 day cycle projection on the ES 24 hour futures chart is 4880. That’s also the conventional measured move implication of Friday’s high base breakout.
Hard to believe, Harry.
The See No Evil Market marches on. There’s…
This is the T-bill issuance schedule just ahead. After a couple months of quietude, this:
01/25/2024
Bills
$268,000
$236,977
$31,023
01/23/2024
Bills
…
The ES 24 hour S&P futures have rebounded overnight. The 5 day cycle has turned upward, with a peak due either today or tomorrow. It’s too early for a 5 day cycle projection, but a 2-3 day cycle projection looks like 4760-65. That’s also the conven…
The stock market is trying to make a stand at support this morning. The ES 24 hour S&P futures are testing trend spport lines, and so far, they are holding. The number to watch is 4737. If that’s broken, the floodgates could open. Or maybe not. The…
The post holiday session pre market on the ES, 24 hour S&P futures is a bit weak, but the 5 day cycle projection is only 4745, and we’re almost there. 4739-42 is a spport area. And then there’s more spport around 4730-35, and then every few points …
The pattern on the ES hourly chart is as inconclusive as it gets. The pattern is still one of higher lows, but all upside projections have been met in the time frames that concern us here. So we wait for clarification of what might be next. At this poi…