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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Too much ice, not enough electricity. For others, brutal cold. Weather extremes were only one facet of such an “interesting” week. Much to Beijing’s chagrin,…
This is the T-bill issuance schedule just ahead. After a couple months of quietude, this:
01/25/2024
Bills
$268,000
$236,977
$31,023
01/23/2024
Bills
…
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Gold has broken trend support and is taking aim at the next support level around xxxx. This does not bode well for an upside breakout…
The ES 24 hour S&P futures have rebounded overnight. The 5 day cycle has turned upward, with a peak due either today or tomorrow. It’s too early for a 5 day cycle projection, but a 2-3 day cycle projection looks like 4760-65. That’s also the conven…
The pick list is currently treading water, consistent with the market as a whole. It currently shows an average gain of 0.3% on an average…
The stock market is trying to make a stand at support this morning. The ES 24 hour S&P futures are testing trend spport lines, and so far, they are holding. The number to watch is 4737. If that’s broken, the floodgates could open. Or maybe not. The…