The ES 24 hour S&P futures broke out at 3 AM ET, making a new rally high and implying even higher levels to come. Much higher.
But we concern ourselves only with the mundane day to day here with particular focus on the ES hou…
Would you buy it here? 9 month cycle projection looks 46,000ish.
On the ES, 24 hour S&P futures hourly chart, the uptrend channel is fully intact with the market coming off the trendline here in the premarket around 6 AM ET. That line i…
Our proprietary double secret sentiment indicator has gone to a strong sell signal for day trading purposes today. Whether that translates into more than that, see Nothing is Broken.
All kidding aside, whether it is even correct in the short run …
Approaching 7 AM ET, the ES 24 hour futures were just 2 points below the intraday low of December 20, 2023. That low was broken last week to create a nice big top pattern with a measured move projection of around 4595. But then the market had an immac…
The ES, 24 hour S&P futures have now broken down from a top pattern with a conventional measured move implication of 4595. However, the 2-3 day cycle projection only points to 4665. That’s also a minor short run. In the very short run, I’d look for…
US Economy Didn’t Crash in December?
LEE ADLER 1 – LIQUIDITY TRADER- MONEY TRENDS JANUARY 4, 2024
Yesterday I posted a report on the plunge in the withholding data. Non-subscribers, click here for access.
Subscribers, cli…
The selloff yesterday got ahead of both the 5 day cycle downside projection of 4730-35 and the conventional measured move target of 4725-30. It was only a slight breakthrough so it may not mean much. But if the drop extends this morning, then the alter…
I don’t know about you, or the market, but I’m going back to work. Hope you had a great week, and I wish you the best for the new year. I had a nice week off running a bathroom renovation over the holidays. Ha ha.
But here we are, and I’ll start …
The Santa Claus rally ain’t dead yet. Wednesday’s stock market pullback and yesterday’s rebound left the uptrend intact. A close below 4725 today would be needed to send Santa packing. Otherwise, party on till New Year’s Eve!
I wish you and yours …
They blamed Zero day options for yesterday afternoon’s meltdown.
Who knows?
The market is on the comeback trail this morning in the wee hours. But is the market still in an uptrend? It is certainly possible because the decline stopped at a t…