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…
Was it this? How Bears Could Take Charge This Week February 13, 2023
I honestly don’t know. I’m writing a report on who’s drawing down the Strategic Cash Reserve, and I name names.
That’s coming up within the hour.
Meanwhile, I can’t m…
Yes, and do you know why? Because the largest volume of tax refunds are sent in February. That means the the US Treasury must borrow to cover that, so supply is heavy in February. We’ve seen that in the T-bill issuance calendar for this month. And the …
I don’t know about these persistent recurring bursts of buying. But they’re here. And this morning we’ve had an upside breakout of a nice big triangle pattern on the ES, 24 hour S&P fuguetures. The 5 day cycle projection is 4170. But over the past …