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…
Stocks are on a roll. The 5 day cycle projection on the ES, S&P 500 24 hour futures has risen to 4115. This morning’s high of 4108 is close enough for government work, especially in view of the fact that the conventional measured move target of the…
The pattern on the hourly chart of the ES, S&P 24 hour futures actually remains bullish. On the other hand, the 5 day cycle projection was 4035 and that was exceeded. So we’ll see if that headline holds up.
I’ll be back after posting th…
For the story behind that headline, see:
The Bond Rally That Fooled The Majority And Didn’t Help Dealers
Meanwhile, check out the dreaded Codpiece Pattern, on the hourly chart of the ES continuous 24 hour S&P fugutures. Truly frightening …
Normally on this site, the daily views on a thread vary inversely with the market trend. The highest numbers coincide with bottoms, and the lowest with tops. I went back a year and yesterday’s volume was the lowest in that time. No other trading day wa…
From the intraday trading perspective, that’s where we are. Firmly rangebound between 3935 and 4012. The ES 24 hour futures are trading midrange of that at 8 AM in New York.
3-5 day cycle indicators are neutral. They’re due for an upturn today, so…
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