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ES Morning Update May 17th 2024

I "pause" day yesterday as the bulls finally took a breather.  Still no damage to the bull case.  Bears MUST have a large down day...

ES Morning Update May 16th 2024

Blow off top? We got the rip after the CPI that I was looking for, but they skipped the dip. They just gaped up and...

ES Morning Update May 15th 2024

A slow day the first half yesterday but late in the day the squeeze started. This "front running" of the CPI should cause the stops...

ES Morning Update May 14th 2024

A pause day yesterday as we wait on the CPI tomorrow before the open. We also have the PPI this morning and Powell speaking today...

ES Morning Update May 13th 2024

A flat day on Friday as the market clearly is showing signs of exhaustion. At this point I think most all of the bears have...

ES Morning Update May 10th 2024

The market failed to due the pullback for small wave 4 yesterday that I was expecting, so it suggests that I'm wrong about the subdividing...

ES Morning Update May 9th 2024

It looks to me that Tiny Wave 4 down finished early yesterday and Tiny Wave 5 followed the rest of the day. It's either finished...

ES Morning Update May 8th 2024

A pause day yesterday that closed a little positive but not much. Overall it just held the 5200 level as every attempt to breakout over...

ES Morning Update May 7th 2024

Another nice up day yesterday. It's truly amazing to see it reach my 5192 target, and pierce through it. From everything I see there's really...

ES Morning Update May 6th 2024

We got the rally I was expecting on Friday, and it stopped right at the falling white trendline of resistance, which is shy a little...