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…
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…