Over at Intraday Chart Central, the ES 24 hour S&P futures are trying to form a 5 day cycle low. If they get to 4400 by this afternoon, that would tend to confirm.
Otherwise, we’re still looking at a 5 day cycle projection of 4445 or fight.
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Short term cycles have bottomed and there are hints of a bottom in the xxxx month cycle. A daily close above xxxx would tend to…
Here’s Why This Is a No Clickbait Market for Primary Dealers. Meanwhile, on the hourly chart of the ES, 24 hour S&P 5oo futures,…
Please feel free to carry on with your late summer vacation. So what if the kids go back to school. Why should you have to…
So here we are. Another do or die moment for bears. If the ES, 24 hour S&P futures clear 4418, we can go back to hibernation. Bulls will stampede again. On the other hand, if 4418 holds, bears have a shot. Of course, they would immediately face ano…
The Hinrich Foundation visualizes the impact of corporate subsidies by G20 nations between 2008 and Q1 2023.
The screens produced 14 charts with multiple buy signals as of the last two trading days. There were 97 charts with a second sell signal.…
That would be the conventional measured move implication if the ES, 24 hour S&P futures break out above 4420. However, as of now the 5 day cycle projection only points to 4445-50. There’s plenty of resistance indicated on the charts in that area to…
In 2023, over 400 companies have folded. This graphic shows how corporate bankruptcies are growing at the second-fastest rate since 2010.
We humans try to explain everything that happens in the market. We always need a reason. But much of it can simply be explained as random shit. That’s why I try to focus more on the what than the why. Because the what at least gives us a certain percen…