ES Morning Update February 10th 2020

Looks like a mostly flat open here this Monday morning with the futures down small. This is the week for the bears to take...

Controlled Sell Off

The market sold off early Wednesday, but retraced almost all of the move down by the close of the day.  It seemed too be...

ES Morning Update December 11th 2020

Bears are waking up I see as the futures are now below the rising purple trendline of support. While we could still go back...

ES Morning Update April 14th 2022

Not much to add here as the market went up some yesterday but is still stair stepping down overall. A tricky move today would...

ES Morning Update May 26th 2021

Short term charts have backed down some now, but not to a buy level in my opinion. They aren't overbought, certainly not oversold. Most...

ES Morning Update August 7th 2020

Once again we went up higher yesterday as the grind higher toward the all time high continues. But this morning we are pulling back...

ES Morning Update July 5th 2018

  The market seems to know that traders are waiting to buy at lower prices (like the 2680 area) and refusing to go there. Instead...

More Of The Same…

Another light trading day on wall street allows the buy programs to come in at the end of the day, and close the market...

ES Morning Update April 7th 2020

WOW! What a rally yesterday! And this morning we have another strong rally happening. Clearly the wave up we are in is the medium...

ES Morning Update February 11th 2020

Yesterday started out with a move down but it got reversed right at the open and went up from there. It traded sideways midday...

ES Morning Update June 19th 2017

Good Monday Morning to everyone.  Last week on Tuesday I got attacked with Gout in my right knee and couldn't walk.  So doing morning...

ES Morning Update July 1st 2020

While nothing in life is certain that SKEW reading is a flashing RED LIGHT for a bear attack soon. It wouldn't be as bad...

ES Morning Update July 17th 2017

Good Monday Morning everyone.  In the charts this morning we have an overbought 6 hour MACD that's up in the 6.1 to 7.2 zone,...

Light Volume Produces A Down Day…

With only 128 million shares of the SPY traded today you would expect a huge UP day... but it was DOWN!  This is a...

ES Morning Update March 11th 2016

Backtest of rising wedge yesterday produced a nice sell off but it didn't hold as is back up again like nothing happened. Early look at...

Still In The Rising Wedge…

Unbelievable!  The PPT (Government) managed to rally the market back up to close just inside the rising wedge once again.  But, time is running...

ES Morning Update September 3rd 2020

I don't know about you but that looked and felt like a blow off top yesterday. I guess that rising trendline from the 2009...

All Hail Obama…

Seems like another Dashavoo moment to me.  Wasn't we here just yesterday?  Yes, we were... only 2 cents higher today!  Sometimes I think I'm...

ES Morning Update August 16th 2017

Looks like we our lower high forming now on the MACD's of this 60 minute chart, which will create our negative divergence.  All we...

ES Morning Update January 31st 2018

The bears sure slapped the bulls hard yesterday. I really wasn't expecting that big of a drop. I did think we'd dip below the...
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