The hourly cycle indicators on the ES 24 hour S&P futures chart show that the market began a 5 day cycle up phase overnight. To confirm that the up phase will be anything more than a brief pause in the carnage, the ES would need to be materially ab…
No, I don’t mean stocks. The S&P is targeting 4135 today. That’s the 5 day cycle projection based on the overnight and pre-market action in the ES, S&P 500 24 hour futures. The hourly chart suggests that the market is vectoring even lower, with…
It’s 4224 on the ES, 24 hour S&P futures. If it holds above that, bulls are in charge. If it breaks, then bears ball. But unfortunately, there are so many crosscurrents in this rangebound monstrosity, that I’d be hard pressed to conclude that any m…
An overnight melt-up wiped out 3/4 of yesterday’s late selloff. European hedge funds and other assorted algos covered shorts and set up more hedges. Now what? Nobody knows, least of all me.
Technically, the ES 24 hour S&P futures have a 5 da…
First,
Beware of Bear Market Crash Potential
LEE ADLER 2 – TECHNICAL TRADER OCTOBER 23, 2023
Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals m…
People make all kinds of statements about the market with not a shred of evidence in support of those statements, because they read it on the internets. Yes, Virginia, if you saw it in the media it must be true.
Not.
The media is…
It’s such a momentous thing that I will lead off with it today. The bellwether 10 year Treasury Yield hit 4.98 this morning and still looks poised to go much higher. There’s an intermediate cycle projection of 5.35.
I turned bearish on bonds way …
The market has flipped and flopped wildly since October 10, like a fish out of water. Which way it goes next is anybody’s guess. But it has successfully digested a deluge of Treasury supply over the past couple of days and stocks haven’t buckled. There…
A stalled, messy, rangebound market leaves a chopped up chart picture on the ES 24 hour S&P futures. But a 5 day cycle projection points to 4400. So I have both longs and shorts in my trading port today. Of course I expect to profit from neither. T…
We’re about to find out as the ES, 24 hour S&P futures come off what should be a 5 day cycle low and reach the first area of trend resistance. That’s as of 8:15 AM in New York, with resistance indicated around 4345 to 4355 coming into the New York …