Current screens yielded 464 short-term buys and 459 short-term sells. Rangebound whipsaws continue to dominate the action. After applying long term trend structure and intermediate…
Wait.
They keep throwing shit against the barn door, and nothing is sticking.
This morning we have another triangle break on the ES 24 hour S&P futures. This time it’s to the downside, and so far, there’s no follow through. I hold to the…
-Market Broke for Second Wind
The ES 24 hour S&P futures approach the NY open this morning in the 5840s, where they’ve been most of the time for the past 10 days. But there sure has been a lot of sound and fury along the way.
With the ov…
Cycle screening data turned negative on the xxxxxxxx term. However, the sell indications look premature for the xxxxxxxx cycle. Broad market indicators are not yet…
Gold’s run hit trend resistance last week. The longer cycles remain in trending mode. 9-12 month cycle channel resistance projects to xxxx over the next…
The ES 24 hour S&P futures broke out of a triangle pattern at 3 AM ET this morning, at the open of European markets. Triangle breakouts are usually explosive, but longer term follow through is a tossup. This breakout came almost at the apex of the …
Good morning! Yesterday the ES 24 hour S&P futures broke down from a recognizable top pattern. The initial measured move implication was 5775. That was done. However, the breakdown also took out a second spport level, which implied a target of 575…
Current screens yielded 119 short-term buys and 520 short-term sells. That’s flipped from the week before as rangebound whipsaws dominate the action. After applying long…
Only this time, it’s attacking from above and it’s not all that round.
The ES, 24 hour S&P futures look to be headed for 5800 this morning. That’s the approximate 5 day cycle projection. Hourly cycle oscillators are plumbing the area of the l…
This week I looked at the issue of bank capital and its relation to bond prices. This is another fly in the ointment that is…