Now all they need to do is break it. So far, as of 5:30 AM ET, they’re not quite there. They did managed to edge below yesterdays neckline at 4124, but I’d want to see an hourly close below 4113 before getting excited about meaningful downside. As of n…
The ES 24 hour S&P futures are threatening to make a lower low here, just after 8:30 AM in New York. It needs to drop under 4124. An hourly close below that would complete a top pattern that measures to around 4080. The current 5 day cycle projecti…
Gold is getting slugged this morning, confirming a downturn in the 13 week cycle. Ideally that should last until late May to late June. Here…
The one thing the Fed is good at is putting out fires. They did it again this time. Stopping bank runs in their tracks, preventing…
I am working on a Liquidity Trader Report which I would desperately like to finish this morning, but probably won’t. So I will keep this short.
For US stock index fuguetures this morning it’s the same old, same old. They’re still uptrending. They…
It sure looks as though the rest of the world has lost interest in trading the ES, 24 hour S&P 500 fuguetures. WIth good reason! I mean, the pattern is unmistakably bullish with higher highs and higher lows, but who can trust this market? Besides, …
The S&P 500 closed smack on the trendline drawn on daily closing prices extended from the August 2022 and February 2023 highs. An up week…
With bank lending tightening, it seems prudent for the Fed to hit the pause button. The problem is that markets eagerly anticipate the day the Fed backpedals from its inflation fight at the first sign of instability.
According to the International Organization for Migration, the number of irregular migrant arrivals through the Mediterranean migration routes picked up again after reaching a low point in 2020. Almost 145,000 migrants traveling in boats across the Med…
Contrary to what their name might suggest, basketball, tennis and running shoes are in no way confined to courts and tracks these days. Athletic footwear, less formally known as sneakers, can be found anywhere from boardrooms to fashion runways, and co…