Over at Intraday Chart Central, the ES 24 hour S&P futures are trying to form a 5 day cycle low. If they get to 4400 by this afternoon, that would tend to confirm.
Otherwise, we’re still looking at a 5 day cycle projection of 4445 or fight.
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Here’s Why This Is a No Clickbait Market for Primary Dealers. Meanwhile, on the hourly chart of the ES, 24 hour S&P 5oo futures,…
So here we are. Another do or die moment for bears. If the ES, 24 hour S&P futures clear 4418, we can go back to hibernation. Bulls will stampede again. On the other hand, if 4418 holds, bears have a shot. Of course, they would immediately face ano…
That would be the conventional measured move implication if the ES, 24 hour S&P futures break out above 4420. However, as of now the 5 day cycle projection only points to 4445-50. There’s plenty of resistance indicated on the charts in that area to…
We humans try to explain everything that happens in the market. We always need a reason. But much of it can simply be explained as random shit. That’s why I try to focus more on the what than the why. Because the what at least gives us a certain percen…
The S&P 500 has now dropped more than 5% in the past 3 weeks. If this keeps up, I’ll have to do post mortem thinking, WTF did I miss?
Accepting failure is part of this business. The important thing is to manage it so that it doesn’t kill you….
Ours is not to reason why. Ours is to follow the charts or die.
Gold and Miners Set Up Ugly
LEE ADLER 3 – GOLD TRADER AUGUST 17, 2023
A 4-week cycle low is overdue but there’s a projection of xxxx for that time frame and xx…
I just finished an update on the key banking indicators and other monetary indicators, in terms of what they tell us about the stock market trend. Very interesting!
One Banking Indicator Is Flashing Bright Red for Stocks
LEE ADLER 1 – LI…
They work best at 6 month cycle turning points. In between, less so. This is the principle of synchronicity at work.
As I’ve pointed out often, rangebound markets are meatgrinders. The system is designed to find swings, not trade range edges. I t…
In Germany, when crossing the street, everyone waits for the green walk light light, even when there’s no traffic.
France: Traffic light? What traffic light? Cars? What cars? Bah!
In German cities, cars have the right of way over pedestrians. …