Here’s the 2 hour bar look.
Strange. We’re not used to seeing persistent downtrends that last for 8 days. Must have something to do with Sell Rosh Hashanah, Buy Yom Kippur.
And lest we forget, it’s that time of the month. Fed MBS settlement…
From the 2 hour bar perspective, Friday’s breakdown completed a helluva top pattern. Now, at 5:30 AM NY time, they’re fighting their way back. Here’s the 2 hour bar look.
They’re attacking resistance at 4489. If they get through that, the n…
Focus on what matters, not the false news headlines. Here’s what matters.
I’ll start with the 2 hour bars this morning, for perspective. As of 4 AM in NY, the numbers to watch, progressively, for resistance, are 4518-20, 4525, and 4530. If those are cleared, the next target would be 4550, and that could happen fast.
Then…
Will the bears also score a late goal today to tie the stock market game?
I didn’t think so. But after yesterday’s selloff in stocks, I thought about George Bush One’s famous gaffe, in his September 7, 1941 Pearl Harbor speech.
I don’t think yesterday was Pearl Harbor with the bears finally sneaking up on the bulls, b…
Apparently traders are taking the old Wall Street adage to heart. Sell Rosh Hashanah, buy Yom Kippur. So Happy New Year to all you Jewish bears out there, and other celebrants and non-celebrants alike. L’shana tovah.
At least this morning, we get…
Happy Labor Day Weekend! First, let’s start with the 4 hour bar look for perspective. This thing just keeps grinding away at resistance, while staying around and above the top of the megaphone pattern that began in July.
Now, the usual one …
Those are the numbers to watch as the ES S&P futures toy with the trendline that forms the upper line of the megaphone pattern that we’ve been shouting about for the past month. Inside that range is noise. Breaking the range should give us a little…
The more that things remain the same, the more they remain the same.