It’s an inverse head and shoulders with a conventional measured move target of xxxx on the ES 24 hour hourly futures chart, which mimics the cash S&P 500. But it will get there only if it clears the neckline of this pattern. That neckline is at …
Just two years ago, Intel looked like one of the strongest, most stable, most promising equities in the known universe. This chart is a thing of great beauty, and INTC had made many people a tremendous amount of capital appreciation. It just goes t…
This century has seen divergent price movement. Many consumer goods are cheaper, while critical categories like health and education have skyrocketed.
The bulls continue to fight the Fed, breaking the First Rule of Law. And what happens when you fight the Fed? This. The ES 24 hour S&P futures hourly.
And this:
That’s the 20 year Treasury ETF hourly. January rally round trip….
That’s how many gold mining stocks have had short term buy signals on any of the last 5 trading days. Here’s what it means for…
You know it’s bad when you no longer trust your models, or your chart reading. I just cannot commit to trading a market with this…
Well, yeah-ah!
Or maybe not. The 5 day cycle projection is 4037, all but done. And we have the makings of a 5 day cycle low here in the early pre market, with hourly oscillators in a positive divergence from the ES, S&P 500 24 hour futures.
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The gunslingers have taken their 40 paces and are about to turn, draw their weapons and fire. Technical Trader subscribers click here to download the…
Expectations that inflation conveniently returns to previous cycle dynamics is wishful thinking. Hopes that central bankers can quickly conclude tightening cycles without the need to inflict pain are unrealistic.
Look at this chart of the ES, 24 hour S&P futures. It’s garbage. Utterly useless garbage. Completely incoherent.
But it tells the story of the current market. Babbling incoherence. The ravings of madness.
I doubt that it will make sense…
