The ES, 24 hour S&P futures are perched on the edge of a precipice this morning. Will it jump or soar?
The key, initially, looks like 4860. If they break that this morning, then we’re looking at 4850, where a trendline intersects with the NY …
The dealers have gone to an extreme of leverage against their bond positions for the second time since last July. Back then, the extreme lasted…
The dealers have gone to an extreme of leverage against their bond positions for the second time since last July. Back then, the extreme lasted…
Time marches on and so does the market on its upward path. Overnight, the ES 24 hour S&P futures rolled to new high after new high, finally hitting the measured move projection of the high base breakout at 4886. It bumped into an uptrend channel li…
After a turbulent 2022, Netflix regained its footing in 2023, ending the calendar year with a Q4 record in terms of subscription growth. After adding 5.9 million paid subscriptions worldwide between March and June and a whopping 8.8 million from July t…
FEEDHow much can one say about lifetime highs day after day? The bulls still have their sails utterly filled with the strong breeze provided by Fed liquidity, a complacent and giddy media, and the fact that lifetime highs tend to beget more lifetime hi…
Looks like the market has decided not to decide. The ES 24 hour S&P futures are locked in a tight range. To me, it looks like a launchpad. If they clear 4865, I would expect a blastoff. Below 4843, I’d look for an itty bitty pullback before another…
That’s right, today’s 5 day cycle projection on the ES 24 hour futures chart is 4880. That’s also the conventional measured move implication of Friday’s high base breakout.
Hard to believe, Harry.
The See No Evil Market marches on. There’s…
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