I guessed right yesterday that the 5 day cycle down phase would go sideways. Now we await its conclusion and the next pop in this rally. It might come today. It might come tomorrow. It looks good for at least 3965. But there’s a massive wall of supply …
The bulls still have running room. The 5 day cycle projection on the 24 hour ES S&P fuguetures hourly chart is now 3980-3990. But there appears to also be significant resistance at 3955. We’ll have to wait and see if they clear that. If they do, th…
Here at the Stool we focus on the intraday and very short term cyclical trading patterns. Very interesting right now.
The pattern on the hourly chart of the ES 24 hour S&P 500 fuguetures has turned unmistakably bullish. But there are challenges. They’ll arise at clearly delineated resistance levels. 3800, 3810, 3820, and 3835. Each in succession will be a test to …
Back from a 3 day weekend yesterday, which I, living in France, had no clue was a 3 day weekend. Mea culpa, I shoulda! But stocks were rejuvenated and celebrated.
Apparently, traders ate too much, because this morning the market has taken a big ol…
That’s right, today is the day we’ll face the music, my bear friends. Although I suspect that in the end, we’ll be clapping and singing a song. Today, we listen to this.
I mean, I’m dying up here. I got nuthin. OK, I keed. I got somethin.
Originally posted at Capitalstool, the Stool Pigeons Wire Last week, before the Saturday Night Slaughter, BTC’s one year cycle projection was 12,000. Now it’s 1500.…
Check out this overlay of the hourly chart of BTC with the 24 hour ES S&P fugutures.
Obviously, this doesn’t show cause and effect. Some correlations do, but not this one. But it sure as hell shows correlation and concurrency. Most asse…
Mohammed El Erian might just be the King of Wall Street hot takes. They’re almost always bad. Very smart guy, too. But another Fed apologist, Wall Street shill.
El Erian’s comment pretty much nailed the high of the day, just like my Ao…