I see no sign of anything more than that on the intraday chart yet. Here it is, the 24 hour ES, S&P futures hourly chart.
I’ll be back.
or moron the markets, see:
Swing Trade Screen Picks – Bulls Win This Week January 30, …
Yes, today is the day the Fed catches up with the money markets. Since the last Fed increase in the Fake Funds rate, which is used by absolutely no one except a few banks doing fake trades, the 13 week T-bill has risen by approximately 40 bp. The 4 wee…
As is so often the case for FOMC meetings, the market has moved to a critical technical inflection zone, prepared to go either way. In the very short run, today is the fourth day since the last cycle low, and the previous cycle lasted 4 days. The hour…
As the NFL heads for the Super Bowl, this week the stock market will have a spectacle of its own. The FOMC Super Bowl Circus comes to town, with the question of whether or not this will be a bull market, the whole ball game.
I won’t answer that h…
Is makin me wait.
But I’m running late. Gotta get that Gold Trader report published.
I’ll be back.
Meanwhile, this speaks for itself.
Along with the headline.
For moron the markets, see:
Composite Liqu…
We’ve had some confusion and angst lately about the direction of stock prices. Well let me say this about that. Let me be absolutely clear. The 1 day bars of the ES 24 hour S&P fucutures show us clearly over time exactly where the market has been. …
The bulls tried again to punch it through the long term trendline from the January 2022 market high, and failed. That does not mean that they are done trying. Today is day 4 of the usual 5 day trading cycle. If they continue to slop around near the tre…
A long night awaits for the bears.
Depending on the type of chart and time frame, on some, the downtrend from the early January 2022 high is broken. On the hourly chart of the ES, 24 hour S&P fucutures, they broke it during the day yesterday …
One two three two three says it all.
Today’s the day of the dance.
Lately we’ve been on a dancefloor of 3900-4000. And this morning, we’re stuck in the middle with you.
Hardly a sign of movement.
Still, a 5 day cycle projection …
It’s dreadful, but the hourly oscillators on the ES 24 hour S&P futures got buried at the same levels where the market has subsequently made short term lows within 2-4 days, not too much lower than the first low.
Take that for what it’s worth…