Happy Friday the 13th! I am out and about in Paris this morning, so I will just start with this brief observation. The hourly chart of the ES 24-hour s&p futures looks like a top pattern. An hourly close below 4433 would negate the implications of …
The very short term trends remain bullish, but the shakeouts and individual breakdowns make it difficult for the longs to stay long. And give the bears hope. Both give the market fuel to go higher late in the day.
From the standpoint of the hourly…
The conventional measured move target on the base breakout of the ES 24 hour futures is at least 4450. However, the hourly cycle indicators are extended both on an hourly and two hour bar basis. So a pullback or consolidation is likely before the adva…
Over the past couple of weeks I have been calling the pattern forming on the chart of the S&P 500 and the ES 24 hour futures for that esteemed index, as The Big Low. First On the Lookout for Big Low, and this past weekend, The Big Low. That “Big L…
It’s a sad and terrifying day in Israel, and still in Ukraine as war rages. But as the quote of Baron Rothschild reminds us, Buy when there’s blood in the streets, even if the blood is your own. Whenever, and wherever there’s war the blood is our own, …
Excerpted from https://liquiditytrader.com/index.php/2023/10/04/tepid-tax-collections-mean-its-the-supply/ The BLS has overstated jobs gains for most of this year. The jobs reports have not been consistent with the withholding tax collections,…
Many observers have pointed out that the US Treasury should have lengthened the maturity of its debt by selling much more long term debt when yields were low.
There’s a fallacy inherent in that thinking. Yields were low partly because the Fed was…
Yesterday’s rally did not break the 2 1/2 week downtrend in the ES, 24 hour futures. To do that would require a New York closing price above 4280. At this point, that looks unlikely. The 5 day cycle indicators suggest top formation is now underway as o…
Follow me. Go in here and take your clothes off. The bottom will be with you shortly.
How do I know this. I spent the last two days unwinding all the asinine long positions in my trading port and by late yesterday had gotten completely flat, whil…
The market has now been making lower highs and lower lows for two months. If that’s not a bear market…
Yesterday was ill liquidity exemplified. Ill liquidity is a sickness caused by a shortage of money. There’s a shortage of money because the US…