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…
Its record is 100%. The FxFox indicator is one of the best contrarian indicators on the planet.
Today, I’m not living and working in a construction site. Major renovations of the apartment that I closed on last week have begun. This morning a small crew came in, demolished two interior walls, removed upper kitchen cabinets, and did a few plumbing…
I don’t know.
The Fed is still tight. At all those other bottoms the Fed had turned to easing.
Rule Number One. Don’t fight the Fed.
Do I respect technical data? Yes. Is there a first time for everything. Uh… yeah.
Only hitting the low 90s here every day. But that’s 10 degrees F above normal.
As for the market it’s not too bad, and not too good either. Here’s the 2 hour bar perspective on the ES 24 hour S&P futures. Rangebound shit for the past two wee…
The ES, S&P 500 24 hour continuous futures chart looks like the Nike logo this morning. The bulls are living up to their just close your eyes and fucking do it ethos. They’re buying with both fists as New York traders start rubbing their eyes and g…