Whatever you think about the markets, you need to think again. And you probably still won’t get it right. But don’t feel bad. You have lots of company. 🤣🤣
Clearly the market thinks it knows exactly because it has been locked tightly to the same pr…
Buy the dip is back. Monday’s selloff was a counter-technical, countertrend shakeout that allowed the dealers to load up on inventory at bargain basement prices. And now it’s back to the normal program. Fakeout Shakeout, Volatility is Back 1/27/25
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The market now has both uptrend and downtrend and uptrend channels. Take your pick.
If the ES 24 hour fuguetures are above 6030 at the NY open, then the downtrend is busted and an uptrend is in force. It would face resistance at 6050-6054 through…
That was the day that was.
It’s not often that we get to start with a premarket down 2%. Sure looks like Friday was, in fact the top. But now we’re close to a 5 day cycle bottom. The 5 day cycle projection is around 5965, and the ES 24 hour S&…
Is this the top?
Might be.
Might not.
An extremely extended hourly ES 24 hour S&P futures chart is sitting on trend spport this morning. An hourly close below 6107 would break it. That might not mean much however. There are spport…
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…