That’s the way it looks on the hourly chart of the ES, 24 hour S&P futures, at 5:20 AM ET. The key number is 4483. If cleared by an hourly close, the downtrend would be broken. Yes, in an hour or two, it might not stay broken, especially given rece…
Could we get an early 5 day cycle low here on the ES, 24 hour S&P futures. A merged 3 day and 5 day cycle expressed as a 4 day period is neither rare, nor unusual. This could be it, here at 5:30 AM ET. Or maybe not. The key would be an hourly clos…
After upgrading the board software we had a little glitch.
But now, it has resolved itself, apparently. Voila. C’est magique!
And now for the chart de resistance!
They went up, and came back down after almost getting to the 5 day cycle…
It looks like a WWE smackdown as the ES, 24 hour S&P futures took a hit after hitting the top of its September downtrend channel early in the pre market this morning.
Meanwhile, Lee bides his time, gathering strength at sea. Where and when wi…
I don’t know what “market efficiency guy” means. I don’t assume that markets know anything, or that prices carry any information about “value,” which nobody knows what it is anyway. The value is the price. The price is the value.
I actually have n…
Is now building off the coast of A Frick A. The question is whether it will pose a threat to the US. Stay tooned for fudder developments.
Meanwhile, I will be moving around today and won’t see much of you here until late. But let us note several…
Your Labor Day weekend marks the official end of summer and Wall Street awaits.
The market is looking…
Classic BTFD Setup Or Not
LEE ADLER 2 – TECHNICAL TRADER SEPTEMBER 5, 2023
This report has the answer and an idea…
Today I will be taking an excursion to the world famous tourist trap, Mont St. Michel. I guess it’s something one must do when only a 70 minute tour bus ride away. And so I shall.
As I climb the mont, so too does this market. It did sell off enou…
The market moved sideways overnight. The ES, 24 hour futures have broken the sharper uptrend channel, but remain well within the next larger one. Hourly oscillators are on the sell side, correcting some as the futures went sideways.
This is typic…
I just thought I’d say that. I don’t know if it is or not. But it could be.
Any moment could be.
But this one maybe moreso. Take a look what is potenially two downtrends coming together here on the hourly chart of the ES, 24 hour S&P fu…