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ES Morning Update May 24TH 2024

The bears held the line yesterday and stopped the bulls from breaking through. The bulls tried really hard but got exhausted and the bears pounced...

ES Morning Update May 23rd 2024

Well, the pullback came before Nvida came out and then they used it to erase the pullback completely and rally back up to make another...

ES Morning Update May 22nd 2024

More "basing" yesterday, which again is bullish 70-80% of the time. We have Nvida earnings today, which could cause a breakout or breakdown from this...

ES Morning Update May 21st 2024

Another nothing day on Monday as the market continues to "base" to setup the next big move, which at this point it could be in...

ES Morning Update May 20th 2024

This has been a huge failure for the two FP's on the SPY from the Yahoo site as I'm still scratching my head as to...

ES Morning Update May 17th 2024

A "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...