He is still running.
If elected, he will not serve.
We now have an overnight double bottom on the 24 hour hourly ES with a modest positive divergence. This should be enough to give the 5 day cycle up phase some upside. 5230-35 is a serious o…
My gawd. I almost forgot to open this thread.
We finally got our 5 day cycle buy signal, but only after an overnight shakeout.
Why Gold’s Consolidation Is Probably Not Benign
LEE ADLER 3 – GOLD TRADER MAY 30, 2024
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Gold came within 16 points of its last 9-12 month cycle projection. It now appears to have topped out and entered a flat down phase.…
That’s the current 5 day cycle projection on the ES 24 hour S&P futures. It’s also a spport level, a hair above last week’s low. Meanwhile, hourly cycle oscillators are Dover Sole, down to the level where they bottomed last week. That doesn’t guara…
Fed balance sheet and banking data, along with Treasury supply data had previously shown the prospect for some stock market weakness around the enormous expected…
The storm warnings of extreme dealer leverage have dissipated over the past two months. For the moment, the skies are only partly cloudy with a…
No, the market isn’t plunging. I’m plunging on the buy side. Non-subscribers click here for access. Technical Trader subscribers click here to download the complete…
The market is currently set up for a consolidation. But there’s a question about whether it might turn into something worse. Non subscribers click here…
Well, that selloff yesterday was something!
But also nothing.
On the hourly chart of the ES, it was a minor correction. The breakdown of the top pattern has a conventional measured move target of 5235, but I’m not sure that will get hit. The…
Yesterday was Gimme Back Day. That’s the day when Wall Street dealers collectively say, Gimme Back My Inventory! They shake the tree. The low hanging fruit falls off. They pick it up from the ground and redistribute it in the morning at higher prices….