As I pointed out yesterday, the degree of extension on hourly oscillators was extreme. That’s not just on the one hour bars we normally look at, but all the way out to 5 hour bars. On the other hand, the overnight sleepwalk allowed the oscillators to f…
12 hours ago, Takachi-1 said:
let me guess……. you didn’t write that “Maximize Your Trading Edge” piece.
You could tell? 😁
To be clear. I do the research and I write the body of the reports, me, myself, and I alone. I have been experimenting with Alvin (we call him AI for short) writing an executive summary from the finished report, which I revise to…
The futures traded yesterday morning and overnight last night, creating a megaphone pattern on the ES, 24 hour S&P futures. The upper line runs from…
I must admit. The house is good at managing the games and making sure they win.
As for the rest of us, cannon fodder. But the smart money takes its cut.
Today, the ES has formed a range of 5925-5977, and looks set to run to the top of the …
Yesterday’s massive market move extended in the pre-market this morning. The ES, 24 hour S&P futures 5 day cycle projection on the hourly chart is now 6025-30. That puts it on a course to test the recent high later today. That’s provided the futur…
SPROING!
Let’s go to Alvin and the Chat Monks for his reaction. I’ll merely add that the 5 day cycle projection is 5950.
Alvin:
The release of the December 2024 Consumer Price Index (CPI) highlights an increase of 0.4…
I thought I would ask Alvin and the Chat Monks his take on my chart again today. He’s much more detailed than I have patience for. What do you think?
From your uploaded ES hourly chart, here’s an analysis based on the visual patterns and in…
Today we have a guest analcyst. May I introduce Alvin, of Alvin and the Chat Monks, courtesy of OpenAI at my behest. Alvin reviewed my chart and came up with the following anal is is. I thought it would be interesting to see what Alvin (or Alvina if yo…
The market is trying to crawl back from yesterday’s selloff. First step, it needs to clear 5933. Or failing that, it merely would need to end the day above 5925 to clear the downtrend channel. Additional resistance awaits in the 5960 area. Then 5970-8…
Don’t look now but the market is back near the middle of the trading range it started two months ago. Tough to trade cycles because the dominant cycle looks like a day and a half. Tough to trade spport and resistance because the range edges keep shifti…
