Late yesterday, I pointed out the sport line convergence at 4050 on the ES, 24 hour S&P fuguetures. Of course it held. Now we’re back on our way up, in a new 5 day cycle up phase. As of 8 AM ET, they’ve hit resistance at 4082. If that’s cleared, ne…
Forty six thousand percent. Forty six thousand percent. That’s how much you woulda, shoulda, coulda made if only you had bought the new baking soda stock in 1980.
Who knew?
What is today’s baking soda of tomorrow? More baking soda? That’s t…
This colorful chart is mostly red, despite the green background. One decent bet would be that it the market has been in a 5 day cycle up phase since Thursday. That would be confirmed if they take out the lows in the early going today. Otherwise, we may…
And so am I. I’ll be back in a jifffy, but meanwhile, check out this chart. Speaks for itself.
Just when bears thought it couldn’t get any worse, so it has to get better, this happens. As of 6 AM ET (New Yak) the two hour bar chart of the ES, 24 hour S&P futures, features another bullish low in a consolidating uptrend that is now 2 months lo…
Now all they need to do is break it. So far, as of 5:30 AM ET, they’re not quite there. They did managed to edge below yesterdays neckline at 4124, but I’d want to see an hourly close below 4113 before getting excited about meaningful downside. As of n…
The ES 24 hour S&P futures are threatening to make a lower low here, just after 8:30 AM in New York. It needs to drop under 4124. An hourly close below that would complete a top pattern that measures to around 4080. The current 5 day cycle projecti…
I am working on a Liquidity Trader Report which I would desperately like to finish this morning, but probably won’t. So I will keep this short.
For US stock index fuguetures this morning it’s the same old, same old. They’re still uptrending. They…
It sure looks as though the rest of the world has lost interest in trading the ES, 24 hour S&P 500 fuguetures. WIth good reason! I mean, the pattern is unmistakably bullish with higher highs and higher lows, but who can trust this market? Besides, …
The current uptrend is now a month old. It’s also been dzackly 6 months since the major trend low last October. That tells us something.
Nothing. OK, if you weren’t long, you was wrong. But from here? For one thing, the trend is still up. The 5 d…