We’ve had some confusion and angst lately about the direction of stock prices. Well let me say this about that. Let me be absolutely clear. The 1 day bars of the ES 24 hour S&P fucutures show us clearly over time exactly where the market has been. …
The bulls tried again to punch it through the long term trendline from the January 2022 market high, and failed. That does not mean that they are done trying. Today is day 4 of the usual 5 day trading cycle. If they continue to slop around near the tre…
A long night awaits for the bears.
Depending on the type of chart and time frame, on some, the downtrend from the early January 2022 high is broken. On the hourly chart of the ES, 24 hour S&P fucutures, they broke it during the day yesterday …
The small list for last week started with two closeouts on Monday and one hold, resulting in an average net gain of 1.6% on an…
The market’s little pullback last week didn’t break anything. The short term trend is in apparent consolidation while the intermediate term still looks to be…
One two three two three says it all.
Today’s the day of the dance.
Lately we’ve been on a dancefloor of 3900-4000. And this morning, we’re stuck in the middle with you.
Hardly a sign of movement.
Still, a 5 day cycle projection …
It’s dreadful, but the hourly oscillators on the ES 24 hour S&P futures got buried at the same levels where the market has subsequently made short term lows within 2-4 days, not too much lower than the first low.
Take that for what it’s worth…
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Which continues until there’s a trouble climax. Are we there yet? Not yesterday. Today, the 5 day cycle projection on the hourly ES S&P 500 fuguetures has dropped to 3885. There are a couple of sport levels in that vicinity also. That doesn’t seem …
Technical signs point higher and higher, baby. But the miners need a coffee break. Subscribers, click here to download the report. Non-subscribers, click here for…