The 24 hour ES S&P fugutures ended the first half hour of trading in New York on Monday at 4144. As of nearing 5:00 AM New York time on Friday, they were trading at 4144. The roller coaster had arrived back at the starting platform. As of the 2 PM…
This is the most important chart in the world because it shows you exactly what’s happening to the bond inventories of the Primary Dealers, the…
The hourly ES S&P500 24 hour futures chart failed to hit the 5 day cycle projection of 4325 late yesterday. It also failed to break through the top of what would be an impressive base for a move higher. That level is 4310. The pullback since the hi…
The market has broken the latest iteration of its downtrend by moving sideways. Nothing has happened yet, but obviously, something will happen after 2 PM ET today. That’s when the Fed will announce a 50 bp increase in the Fed Funds target and the begin…
I missed yesterday’s stick save. I was busy working on this.
The Fed is Tightening Into a Sheet Storm
As Potatohead pointed out late yesterday, one member of the Twitterati believes that the bottom is in on the news of the quarterly Treasury…
The wave pattern has reached the classic 16th wave, so well described by TS Eliot.
In Hurstian terms we see clear on the two hour bars, the 3 day cycle which sometimes combines into a sonnet of six, but then returns to the rhythm of the night.
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Yesterday’s spike high at 3 PM on the ES S&P 24 hour futures hourly chart exceeded the last short cycle high by 1 cent. That’s right. .01. That’s how traders signal each other that this is not the end. It’s not the beginning of the end, but it is t…
I’m now safely ensconced in my new permanent home in Nice, and it’s time to get to work!
We had yet another bear market rally overnight, on meta earnings. There is of course a difference between meta earnings and real earnings. I’ll leave that dis…
Oh gold. Ugly. Will gold bugs get slaughtered again? My thoughts on that. Meanwhile, BTC is out on a ledge. If it starts to curl…
There’s always a rally somewhere. Can you see it? I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days…