Or maybe it is. The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system…
We are in the second day of a 5 day cycle up phase in the US stock market. There’s no sign yet of an explosive move.
The ES 24 hour S&P futures turned upward off yesterday’s early low and late test of the low. The next high is ideally due Fri…
The 5 day cycle projection on the ES, 24 hour S&P futures is currently 5200. But there’s a spport line convergence at 5214 in the hour ending at 9 AM in NY. So we’ll see. If they take that out, then I would think 5200 a done deal. Otherwise we make…
That’s right. Always stay flexible. Be the ball. Not the bat. Technical Trader subscribers click here to download the complete report. A 10-12 month cycle…
March has been a good month so far. The average gain for picks closed out this month, and those still open as of March 23,…
The 9-12 month cycle projection has dropped back to xxx, suggesting that xxx xxxx is underway in that cycle. This coincides with likely xxxxxx in…
When you’re talking about the 5 day cycle, things happen fast. In an uptrend, up phases are skewed to the right in time. Down phases don’t last long. And a 5 day cycle low is ideally due today.
Yesterday, the ES 24 hour S&P futures failed to …
Has it really topped out? Maybe not yet, but it’s close. As I pointed out yesterday, the conventional measured move target of a high base breakout would be around 5275, so let’s allow for that. However, the 5 day cycle projection stands at 5245-55, and…
The dealers just set a new record extreme of leverage against their bond positions at the end of February. Then they sharply pulled in their…
The circus is in town today. Elephant droppings will be everywhere. Ringmaster Jerome Powell will lead the clowns as they parade around the ring, entertaining the crowd who will oooh and ahhh and laugh at their next trick and pratfall. The bigtop opens…