The ES 24 hour S&P futures broke out of a triangle pattern at 3 AM ET this morning, at the open of European markets. Triangle breakouts are usually explosive, but longer term follow through is a tossup. This breakout came almost at the apex of the …
Good morning! Yesterday the ES 24 hour S&P futures broke down from a recognizable top pattern. The initial measured move implication was 5775. That was done. However, the breakdown also took out a second spport level, which implied a target of 575…
Current screens yielded 119 short-term buys and 520 short-term sells. That’s flipped from the week before as rangebound whipsaws dominate the action. After applying long…
Only this time, it’s attacking from above and it’s not all that round.
The ES, 24 hour S&P futures look to be headed for 5800 this morning. That’s the approximate 5 day cycle projection. Hourly cycle oscillators are plumbing the area of the l…
This week I looked at the issue of bank capital and its relation to bond prices. This is another fly in the ointment that is…
We’ve had these periodic dips. Is this one different? In terms of today, not yet. The ES 24 hour S&P futures are testing spport at 5840-30. If that holds, then nothing has happened yet. If it breaks, then next stop would look like 5825. The initial…
There’s no sign of a top yet in the technical or cyclical data. Cycle projections point to more upside this year. This report shows exactly…
The ES 24 hour S&P futures pulled back to trend support 3 times in the last 36 hours. Apparently the third time is the charm.
I just made that up.
OK, not, but looking at this pattern, and seeing those hourly cycle oscillators turn up f…
Gold has gone into trending mode and our mining picks are swinging higher, so I a few more to the list that are just staring…
Market rallies continue to be supported by adequate liquidity, but there are chinks in the armor. Nothing outright says “Sell now,” but there are warning…
