The hourly chart of the ES has that launchpad look again. It needs to close below 5622 today for us to even start thinking about a reversal. Meanwhile, there’s a 5 day cycle projection of 5695. There may be some resistance at 5655 and 5667.
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Last week 404 short term buy signals and 204 sell signals triggered, out of the 1454 stocks that met minimum price and volume criteria. This…
Cycle projections had pointed to a strong market this summer, but this is ridiculous. Here’s what they’re telling us now. Is it “Get on board…
Everywhere you look on the ES hourly chart, nothing but uptrend channels. The 5 day cycle projection now points to 5660-65. Sell signals have been meaningless on the hourly oscillators. I would not even think of potential reversal unless the ES is belo…
The combination of market sentiment that has gone insane and the coming deluge of Treasury supply have rendered the financial markets increasingly fragile. At the…
The pattern that has formed since April could be either a top or a consolidation. A rollover below xxxx would keep alive the top option.…
The ES 24 hour S&P futures have shifted into trending mode in all of the time frames that we watch on this thread. There’s neither a 5 day or 2-3 day cycle projection. Both have been surpassed and there’s not enough wave amplitude for any downside …
France’s snap legislative election on Sunday 7 July 2024 has resulted in a hung parliament, with no majority and instead will be shaped by three main political blocs. With 180 seats, the left-wing New Popular Front coalition unexpectedly became the lea…
As the Northern Hemisphere’s summer holiday season is in full swing, millions of tourists are heading towards Southern Europe to spend their summer vacation on the pristine beaches the region has to offer. With Covid-19 no longer a concern for most tra…
This morning the ES has reached a 5 day cycle projection of 5570. But it needs to drop below 5555 to break the uptrend.
