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…
Well, don’t say I didn’t warn. Withholding Tax Collections Solid in July, But Here’s Why the Party is Over
And we have a rather pointed reaction, as shown in the hourly ES, S&P 500 continuous 24 hour fuguetures. They’ve broken the latest itera…
I haven’t seen so much green on a chart of the ES 24 hour continues S&P futures since I was in Ireland on St. Patty’s Day. Oh. Wait. I’ve never been there, done that.
Meanwhile, both the 2-3 day and 5 day cycle projections have moderated to 4…
Do I know which way this will break today?
Hell no.
Look at the trend of the past 3 days in the ES S&P 24 hour fugutures. Look at the hourly oscillators. All perfectly neutral. We’ll just have to wait and see if they break 4078 or 4144.
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The US market is bleeding a little this morning. As I pointed out yesterday, they need to break 4078 to complete a nice tight little top pattern on the hourly chart of the ES, S&P 24 hour fuguetures. Still true this morning.
But the 5 day cycle p…
I’ll start today by featuring my swing trade screen picks. Last week could have been a blockbuster, but I had shorts along with the longs, and they killed that. Surprisingly, last week’s screens then resulted in more shorts than longs. Here’s the post….
With interest rates skyrocketing, you’d think that money market fund assets would be surging as everyone would want to move their cash into higher yielding…