Europe first bought the news that a US government shutdown had been averted. Then they started having second thoughts. US traders have started sitting at their screens in the past few minutes and the added to the selling, but without reckless abandon. …
October has a reputation for crashes and bottoms. Bears are fervently hoping for a repeat. Prime Time for Danger and Opportunity But it doesn’t look like will start early. The hourly chart of the ES, 24 hour S&P fugutures is looking pretty bullish,…
That’s what it feels like as the market sinks a little more day after day. Some days more than others. And that’s the thing. Because the slope of the decline is becoming less severe. In other words, downside momentum is waning. That can only mean one o…
Weeks ago I began ruminating in my real work, that being Liquidity Trader, and in this case the Technical Trader reports, whether the coming 6 month cycle low would be a nice soft rounded bottom, or a vicious, violent V. There’s really no way to know u…
Bulls are looking for love, but as far as the ES, 24 hour S&P futures chart is concerned, yesterday’s pursuit was in vain. Hope springs eternal however, and they keep pawing at the soft ground beneath their hooves. The levels to watch for heartbrea…
The silence of the bulls is deafening. But maybe they’re just around the corner. 5 day cycle projections on the ES 24 hour S&P futures have been surpassed. A 2-3 day cycle projection looks to be 4305. Spport is indicated at that line and 4300. So m…
But opposite reaction. Except in the stock market, where it’s up the stairs and down the shaft.
For the past two days, bulls got the shaft. Today, maybe they restart the escalator.
The 5 day cycle projection on the ES 24 hour S&P future…
Today’s lesson. When you live in France, never take the evening off to go out to dinner when Odd Uncle Jerry is having one of his weird Wall Street media kiddie porn shows.
I as yet have no idea what he said that triggered this, but the pickin…
Today’s the big day. Uncle Jerry’s Circus Is Here Under the Big Top, or big bottom, not sure which yet. We won’t know until the show and the following Uncle Jerry’s Dog and Pony Show for the Assembled is finished. So stay tuned sports fans. And let the…
Where she stops, nobody knows.
There’s been no follow through on Friday’s selloff this morning.
Yet. A 2-3 day cycle projection of 4450 was hit. A 5 day cycle projection of 4425 is still out there. And there’s no 5 day cycle buy signals on …