They did it in the pre market. The ES fugutures broke out of a launchpad pattern at the top of the meggerphony. But just as quickly, they pulled back to the breakout. Nothing to see here. Yet. That’s normal for a breakout. I think we’d need to see some…
The party rocks on. The 5 day cycle projection is 4813. Back to the highs.
If it clears that, we hunt for the top of the megaphony at 4834. Happy New Year, bulls. Bears, not so much. Wait till summer.
Meanwhile, the big picture…
The ES stretched support at 4760 and bounced back, but is now in the process of testing as of 6:40 AM in New York. Resistance is suggested to 4796 and 4802 around the NY open, and is well established at 4808. In between 4760 and 4808 is the great nothi…
I thought I’d never say this, but the market is trying to break out again.
Actually I didn’t think I’d never say it, but I thought I try not trying to say what I didn’t say that I’d never thought would happen.
The point, I guess, is that th…
So about this 38,000 point trading range on Buttcoin (BTC). Consolidation or Top? First, before I tell you the answer, I want to say this about…
Back in the old days, we used to call the pattern currently evident on the hourly chart of the ES (S&P Futures), Broadening Tops. Not any more. Now they are popularly known as megaphones. In recent years, they have always broken out to the upside. …
Today is a really big shoe for me.
Still working toward a 5 day cycle projection of 4755. But there’s a ton of resistance indicated 4745-50. If it doesn’t roll over there, next target would look like 4780-85.
Ciao!
Holiday Wishes and Publication Schedule
Get Ready …
I’m on a train back to Warsaw. There are about 100 passengers on this car. I took precautions.
The bulls are also well protected.
For now. 5 day cycle projection 4740-50.
But the time bomb goes
tick
…
Here He is.
Hallowed be his glorious name. US Treasury 10 Year Yield
Get Ready for a Slow Moving, but Perfect Storm
And for our usual focus on the intraday matters, the hourly ES chart still has a 5 day cycle projection of 4690. T…