I was unable to watch J.P. Morgan Chase CEO Jamie Dimon’s Senate testimony live the other day, so I had to get up yesterday morning and check it out on the Banking Committee’s web site. I had an inkling, from the generally slavish news reports about the hearing that started to come out Wednesday night,…
Tag Archive for Yesterday Morning
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX Update: Revenge of the Beard
by Pretzel Logic • • 0 Comments
This market remains a mess, though perhaps some semblance of order is beginning to emerge from the chaos. Way back on Friday the 13th, I suggested that the market would form some type of “double retracement” due to the extended fifth wave. …
Charts and Trading, Day Trading, Latest Business Headlines
Nowhere To Go But Sideways
by Lee Adler • • 0 Comments
The blowoff ended yesterday morning and SPX cash has drifted down irregularly, hitting the last 2 day cycle projection of 1315 late yesterday. The 2 day cycle oscillator formed a trough at the end of the day, and has barely edged to the buy side in the opening minutes today. 5 day cycle indicators remain…
Charts and Trading, Day Trading, Latest Business Headlines, Technical Analysis
Market Completes False Upside Breakout
by Lee Adler • • 2 Comments
SPX (cash) opened weak, pulling the 2 day cycle to the sell side with a projection of 1308 in the initial moments which has been reached and slightly broken. As I completed this update, the projection looked to be around 1304.50. A 5 day cycle buy signal late yesterday has whipsawed from a weak position,…
