List performance turned negative last week after more than 2 straight months of weekly gains. Including picks still open at the end of the week,…
There are multiple indications that the market averages will move higher, but other signs that the advance remains narrowly based. Some stocks may be shortable. …
The last rally in a xxxxxx month cycle topping process is now under way. There are no projections yet on the shorter cycles, while the…
The chart of the hourly ES 24 hour S&P futures has met a key resistance trendline and has halted its move as of 7 AM NY time. But is this the end of the move, or merely a pause that refreshes? A 2-3 day cycle projection points to 5235, done. But us…
But first, our usual look at the hourly bar chart of the ES S&P fuguetures. It’s still in that launch paddy looking setup, 1 day after a 5 day cycle low was due. If this doesn’t launch today, then we’re stuck in a flat up phase, which is more likel…
Today is a national holiday in France, celebrating the Allied victory over the Nazis in WW2. So we won’t see any tape action until New York traders start actively trading in about 2 hours at about 8 AM. At that point we’re looking at a trend convergen…
5 hour bars on the ES 24 hour S&P futures show the market to be extended here to the level where previous minor tops have formed. The market has also reached a major resistance area.
So where to from here? Straight down today? Lately the…
List performance came back to earth last week after 3 months of strong gains. Including picks still open at the end of the week, plus…
More proof is needed before we can relax in the view that a 6-month cycle up phase has begun. A strong up day could get…
The ES, 24 hour S&P futures is crawling up along an uptrend channel line this morning. The line runs from 5140 at 8 AM ET to around 5170 at the NY close. They’d need to break that for starters to even think about starting a top pattern. Otherwise, …