Profile | Red Dragon Leo - Stock Market Trading on the Darkside

Well, today is the big day where most everyone is expecting the Fed to lower interest rates by at least 0.25%, possibly 0.50%. Will they...

September 18, 2024

Just a hair until the July high now on the ES, so it looks likely that it will pierce through it to run some stops. ...

September 17, 2024

We are up against resistance from the falling white trendline and the horizontal prior highs around 5660-5670, so there's not much to do right now...

September 16, 2024

Moving up as expected, but we are getting close to major resistance again. We should NOT get through it on the first attempt, and we...

September 13, 2024

We got the pullback I was looking for yesterday, which turned out to be a higher low, which is fine for a truncated 5th wave...

September 12, 2024

We could see some movement today as the CPI is out, so that could move it up or down. Then tomorrow we have the jobs...

September 11, 2024

A lot of nothing yesterday, which is to be expected. There's not much to add here as we could retest the low again, meaning last...

September 10, 2024

The SPX cash index hit a low of 666.79 on March 6th, 2009 and put in a recent high of 5669.67 on July 16th, 2024....

September 9, 2024

Today I'm going to go over the possibility that the market could have already topped. I do not lean this way though as the prior...

September 6, 2024

We got pretty much what I expected yesterday... chop. I still don't see anything bullish on the short term as the weekly chart is certainly...

September 5, 2024