Meanwhile, the Fed remains egregiously behind the market in rubber stamping market interest rates. I don’t know why they even bother. Rates are and always…
Since this rally began on July 14 there have been 8 tiny sharp pullbacks. The one that started overnight in the ES 24 hour continuous S&P fugutures doesn’t even qualify to be in that group yet. It has slightly broken the latest uptrend channel, but…
Over the past two weeks, each time the stock market takes a step up, each step seems a little shorter. At the same time they’ve been relentless, and each pullback has also been smaller. There’s been very little momentum loss. The market is just trendin…
Dear PMF-
First of all, thanks for being a loyal subscriber. You and your fellow subscribers are the reason I do this. Without you, there would be no Liquidity Trader, Wall Street Examiner, or even, yes, The Stool Itself.
Thanks also for you…
Thanks to running a Windoze update last night, that, unbeknownst to me, did not complete itself, I had to re-run it today. If you have a PC, you are no doubt familiar with this experience, and know how long it can take. I am now so far behind the 8 bal…
Posted this on July 20 Quote Bitcoin (BTC) Breakout- Here’s Where It’s Going BTC has broken out, in a move that measures to at least…
Well, now would be one example. We see it on the 2 hour bar chart of the ES, 24 hour continuous S&P futures. They are trading at the top of multiple channels and resistance lines in the 4210-20 area.
That’s not to say that they won’t br…
Today is day 10 in traders’ hell. The narrowest part of the range that needs to be broken to get anything started on the hourly ES, S&P 24 hour continuous fuguetures is 4107-4148. But to really break the pattern enough to get something going on th…
Looking at the hourly chart of the 24 hour continuous ES S&P fuguetures, the question is whether we have another potential top in the making. It’s too soon to tell. First they would need to drop to 4101.8. Then they would need to break it. Until th…
Well, it’s hard to believe, but the 2 hour bar chart on the ES, S&P 24 hour fugutures suggests that we’re going up for a couple more days. Seems there’s a nice little cycle running 8-10 trading days that has just turned up again, with the market at…