The 5 day cycle projection on the ES, 24 hour S&P futures is 5550, with the high ideally due Tuesday. That suggests that the downtrend will be broken today or tomorrow. The conventional measured move target of an hourly close above 5490 would be 55…
But bears shouldn’t get too excited yet. Here’s why. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not…
Oh, my money! How can I lose thee? Let me count the ways.
Gold has pulled back into the base from which it broke out two weeks ago. This cancels the implied target of xxxx-xxxx. All cycles now…
The ES, 24 hour S&P futures shows little sign of a rebound as it challenges support at 5410. At 8:30 AM ET, it was challenging its sharpest downtrend line at 5425. Even if it clears that, there’s more sharply descending trend resistance suggested a…
Last week we saw that the price to liquidity ratio measures suggested that the rally was in its end stage. The most recent data gives…
For the bears, that is. I pointed out last night that the market topped out on time but fell shy of hourly cycle projections. That’s usually a sign of weakness. This morning’s tape has borne that out. The ES, 24 hour S&P futures now have a 5 day cy…
Yes, my friends, we have a base breakout on the hourly chart of the ES, 24 hour S&P fuguetures. It has a conventional measured move target of 5615. At the same time, there’s a 5 day cycle projection of 5620-25. Trend spport is around 5555 this morn…
On Friday, 154 short term buy signals and 743 short-term sell signals triggered, out of the 1484 stocks that met minimum price and volume criteria.…
Well, yeah.
Politics and Markets Make Strange Bedfellows
LEE ADLER 2 – TECHNICAL TRADER JULY 21, 2024
Joe will go, but the market won’t go with him. Political events, no matter how much of a watershed they represent, do to …