We’re about to find out as the ES, 24 hour S&P futures come off what should be a 5 day cycle low and reach the first area of trend resistance. That’s as of 8:15 AM in New York, with resistance indicated around 4345 to 4355 coming into the New York …
I give an very slight edge that the market will go this way on the basis of the 6 month cycle, but other indications suggest…
This report was originally sent yesterday under the wrong headline. Mid-July was a period of extreme risk in dealer positioning. The subsequent weeks until October…
Mid-July was a period of extreme risk in dealer positioning. The subsequent weeks until October 4 indicated a shift toward deleveraging that could become persistent,…
For large parts of the past two years, inflation has been a major concern for millions of Americans, as the significant increase in prices for many day-to-day purchases has eaten away at their buying power. Not only has inflation neutralized any pay in…
One of the main drivers of the “Great Resignation” that saw more than 50 million Americans quit their job in 2022 was the fact that labor was in short supply, resulting in higher wages being offered by employers who struggled to fill open positions. Sw…
Happy Friday the 13th! I am out and about in Paris this morning, so I will just start with this brief observation. The hourly chart of the ES 24-hour s&p futures looks like a top pattern. An hourly close below 4433 would negate the implications of …
The very short term trends remain bullish, but the shakeouts and individual breakdowns make it difficult for the longs to stay long. And give the bears hope. Both give the market fuel to go higher late in the day.
From the standpoint of the hourly…
The conventional measured move target on the base breakout of the ES 24 hour futures is at least 4450. However, the hourly cycle indicators are extended both on an hourly and two hour bar basis. So a pullback or consolidation is likely before the adva…
Each year, companies spend billions on innovation. Here’s how much the top 10 Nasdaq companies by market cap allocate to R&D investment.