That’s what it looks like on the ES 24 hour futures here as pre market trading starts in New Yak at 8 AM ET. The timing is right and a 5 day cycle low projection of 3605 was hit. Hourly oscillators have formed a trough. But price hasn’t confirmed yet….
That’s right. Bulls don’t give up. And bears always do, sooner or later, so for those of you looking for and holding shorts, you will need strength of heart, patience, and most importantly, good timing. Because, in the end, timing is everything. Timing…
3:48 PM ET Yestiddy.
HowmIdoin?
Well, let’s start with a look at the 2 hour bars on the ES, S&P 500 24 hour futures. Is this rally normal for the bear market, or Abby Normal?
This one actually doesn’t look any better than the l…
Or not. Bears have the ball early in the pre market, but they need to do certain things on this drive to keep it.
The 5 day cycle has topped out. The megaphone pattern at the low is complete. The breakout is failing, and the price target implicat…
That’s right. Apologies for repeating, but when liquidity is tight, these price spikes merely rob demand from the future. And that is true whether this is the commitment of “cash on the sidelines” (rarely) or short covering (usually).
Now yesterd…
This downswing is aging. Is it old enough?
Each day that the decline persists, the odds of another short covering spike go up. But is today the day?
As of 7 AM in New Yak City, the ES, 24 hour S&P futures need to crack through 3605 on t…
Honestly, I try not to think about the Fed’s motivations, or what they might do. Or why the Primary Dealers do what they do.
I think about what they do do. …
Fed policy reversal is another thing altogether.
Rules Number One and Two are immutable and eternal.
Don’t Fight the Fed.
The trend is your friend.
Here’s the ES, S&P 24 hour fugutures as of 9:50 AM in Paris and Frankfart, 8…
It’s not like I just made this chart. We knew what was coming.
That’s the TLT the 20 year Treasury bond ETF, a proxy for the bond market.
I first posted this chart about a year ago methinks, but the fact is that I have been stridently…
It looked like a coordinated intervention in Europe this morning, starting around 9 AM Central European time, which is 3 AM in New York. They ramped it pretty good until the ES S&P 500 24 hour fuguetures ran into resistance right at the top of the …