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…
No doubt about this morning. They bulls are stampeding. There’s a 5 day cycle projection of 6060 on the hourly chart of the ES, 24 hour S&P futures. That suggests a challenge of the post Christmas high of 6050. But they’ll run into resistance first…
Indeed it is. This breakdown measures to $0.98.
I don’t think it will get there on this move.
Meanwhile in the US stock market today, it feels like it should be Saturday. The hourly ES has come well off yesterday’s low, but is stil…
And it all starts anew. This time really will be different, methinks, but how. Ah, there’s the question.
For now, it looks like this on the hourly ES, 24 hour S&P futures. Bullish? If they clear 5933 this morning, most likely. 5943, then cert…
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Great question.
Santa Claus, obviously.
But seriously, the RRP slush fund hasn’t been a material factor since it dropped under $400 million some months back. The important thing to remember is that financial systems normally generate their …
Fed slush fund now under $100 billion. No mo water in the well, oh no. It’s a bit shocking considering that there should have been…
Explore the latest S&P 500 futures analysis this holiday week, with key resistance and support levels forming in today’s chart. Stay ahead of potential breakouts or breakdowns in the market.
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I’ve been working with AI to build my most complex chart, Primary Dealer Financing. I’m learning as I go, and feel about 2/3 of the way through the process. Previously I aggregated this data manually every 4-6 weeks. The Fed publishes hundreds of data …
