This is a test. This is only a test.
The ES, 24 hour S&P fugutures are back up to test yesterday’s high. At the same time here at 6:45 AM ET, the ES is testing the trend channel line that started with the launching of the Fed resubstantiation…
Since April, market participants have withdrawn $1.7 trillion from the Fed’s RRP slush fund. That’s the equivalent of $200 billion per month in QE. It doesn’t work via the same channels, but the effect has been similar. There’s still over $800 billion …
The only visible cycle in the hourly chart of the ES, 24 hour S&P futures is on a one day basis. The 3 and 5 day cycles are in trending mode, although a flat down phase would be in order for today. Boring.
4648 is an old spport level. The cen…
It feels like this rally will never end. It’s not moving much, but the direction is still up. And yesterday the ES 24 hour S&P futures hourly chart broke free of a major resistance level, which means that it is now spport. And there’s not much over…
There was a jailbreak in the market on Friday, but this morning, the inmates are trying to get back in for a nice breakfast. Whether they try to run again after breakfast, we’ll just have to see.
The key level to watch on the ES, 24 hour S&P …
And how did the bond market like the news?
It didn’t.
To correlate, or not to correlate, that is the question.
Originally posted at Capitalstool. My daily swing trade screens of roughly 1300 actively traded stocks trading above $6 did not make a third day in…
Two pictures are worth a thousand words. Ladies and germs, I present two perspectives on the hourly ES, 24 hour S&P 500 fucutures covering the past 2 1/2 weeks.
I report, you decide.
Perspective number one.
Perspective numbe…
Got your attention?
Does anybody really give a damn about it anymore? Or are we living in the past in this Crypto Age?
Gold Got There Fast But Race is Over
Meanwhile, the rangebound slop in stocks goes on and on.
I don’t like it,…