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ES Morning Update July 20th 2017

So far we've had a high overnight/premarket of 2476.25 and seem to be backing down a little from it this morning.  I've mentioned in the...

ES Morning Update July 19th 2017

This morning the bulls are at the goal line again and looking like they are going to score.  But the charts disagree as this 60...

The Fed’s New Plan Could Kill the Market as Soon as September

As far as the markets go, they've had an incredible run since 2009. That's because the U.S. Federal Reserve bought more than $4 trillion worth...

ES Morning Update July 18th 2017

Yesterday I spoke of the blue rising trendline where the bulls needed to hit afterhours and bounce up from it or else they would be...

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, which...

IMF’s Lagarde doesn’t rule out another global financial crisis

Another financial crisis is still possible, according to International Monetary Chief Christine Lagarde. She was commenting on a statement by US Federal Reserve Chair Janet...

ES Morning Update July 14th 2017

Just sideways consolidation it seems, which looks a lot like the last week of May before another squeeze higher started on June 1st.  I'm sure...

ES Morning Update July 13th 2017

Yesterday I thought the falling yellow trendline would hold the bulls back and that we'd stay inside the triangle, but the bulls pushed through and...

ES Morning Update July 12th 2017

The bulls finally gave up some ground yesterday and went down to retest that 2410 area like I thought they needed to do.  Now they...

ES Morning Update July 11th 2017

As usual the bulls refused to give up any ground to the bears and tried to rally up from a weaker level.  Naturally they failed...