Well, it’s all semantics of course. Traders can find opportunities to trade in any environment. What you call it does not matter one iota.
The only exception is tight trading ranges. They are meat grinders and the object there is too maintain cap…
Yesterday, half tongue in cheek, I headlined our thread, Sell the News. But I noted that we didn’t know what the news would be. But still…
Now we know.
And so, the debt ceiling deal is done. Which truthfully, I did not expect. Bu…
The problem is that we don’t know what the news will be. Will the House pass the debt ceiling deal, or not.
In either case should it be sold?
Maybe not. The 5 day cycle low is due today, and the projection on the ES 24 hour S&P futures …
Meanwhile, back at the day trading stuff, the hourly ES, S&P 500 futures looks poised for another surge.
There’s a lot of stuff out there that purports to be economic, monetary, and liquidity analysis. I don’t read other people’s stuff. There’s no point. Markets don’t anticipate and they don’t discount the future. Anyone who successfully anticipates a big…
That’s not a laughable concept anymore.
As expected, the 5 day cycle bottomed yesterday. It did so just a hair below the sport lines we pointed to in the pre market yesterday. So far, nothing terrible has happened yet. Today doesn’t look like the …
I was on the train from Warsaw to Malbork yesterday. Malbork is as quiet as Warsaw is noisy. In other words, really, really quiet. Just what the doctor ordered after 11 days of not sleeping thanks to the insane noise levels in one of Europe’s most crow…
The market has yet to show the capacity to decline meaningfully.
When will it end?
A 3 day cycle low is due this morning. There’s no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214.
I’d be more bullish if this were a 5 day cycle low juncture. But that’s not ideal…
I have been warning Technical Trader subscribers about the likelihood that this is a cyclical bull market since Q4 of last year when cycle analysis suggested that a 4 year cycle low was due. And I think that we got proof of it yesterday when we saw a n…