They keep managing to do this, while the market ultimately goes nowhere endlessly. Both stocks and bonds have rallied overnight and into the early morning hours. The 10 year yield has pulled back to 4% and stocks look like they are headed to da moon. T…
This is water torture. Slowly eating away at the market, and our brains. Lulling the bulls to sleep with false hopes as they slowly bleed the pour animals.
But alas, it looks like it’s time for another hopeful 3 or 4 or 5 day cycle rally as the h…
That’s right. They bore us into submission. Then when we are all complacent that nothing worse will happen…
And the joke will be on us.
The question upon us this good day, my fellow ladies and germs is this. Is today the day?
…
That’s what this trading range feels like. Never ending pain for both sides.
The trend on the hourly chart of the ES, 24 hour S&P futures suggests that the bears have the upper hand. But the hourly oscillators show higher lows that make the p…
Here it is.
They gotta get past 3992. If they do, this thing could fly. To 3998, or maybe even 4003.
If they fail, I’m not that excited bout the downside either. They would need to break 3970 with force.
Full market outlook to b…
Market participants will say a final prayer before the market gets flushed today.
It’s an inverse head and shoulders with a conventional measured move target of xxxx on the ES 24 hour hourly futures chart, which mimics the cash S&P 500. But it will get there only if it clears the neckline of this pattern. That neckline is at …
The bulls continue to fight the Fed, breaking the First Rule of Law. And what happens when you fight the Fed? This. The ES 24 hour S&P futures hourly.
And this:
That’s the 20 year Treasury ETF hourly. January rally round trip….
Well, yeah-ah!
Or maybe not. The 5 day cycle projection is 4037, all but done. And we have the makings of a 5 day cycle low here in the early pre market, with hourly oscillators in a positive divergence from the ES, S&P 500 24 hour futures.
…
Look at this chart of the ES, 24 hour S&P futures. It’s garbage. Utterly useless garbage. Completely incoherent.
But it tells the story of the current market. Babbling incoherence. The ravings of madness.
I doubt that it will make sense…