Chart Number Three

Daily candles /ESM6

Bull Flag

Pennant Flag

Smile Flag

Sell in May?

We are having a whooper of a "Turn Around Tuesday."

Since President Trump took office, what is usual or expected has not been happening much in the financial markets, until now.  Well, not really.  I am just going to watch the /ES and wait for my gold trade.  Counting on a "sell in May and go away" seems like a bad idea, and I also would not count on the market to overcome many, many news and economic obstacles and rally.  Shee.

Europe Flips Their Fascinators

The US financial markets are suffering from the effects of the European markets going down on political concerns and worries about the future of the Euro.

It is looking like the US markets are going to digest all of the news pre-market.  Though I do not expect a robust rally, I am not expecting much more falling either.  But, of course, make your own trades.  These are just opinions, musings.

Just Three Points Off

Studying the financial markets, one looks back on the past almost on a daily basis.  In regards to yesterday's post, I was just three points away from my end of day projection for the /ES.

If only one could do this in one's trades, with one stroke of paint and the trade is corrected.

Which means nothing in the way of my trades as I only watch the /ES for clues of the market's direction.  As to today's market, I am expecting it to be pushed around on light volume since we are going into the long Memorial Day weekend.  I will still watch it until the bitter end.  We shall see where it goes.

Eventually, You Know, Around Here

Heading into the long weekend, the /ES will go up and down, but I expect we will end up about right where we started.

Tiny China Trade Gap Filled in /ES

So, where do we go from here?  Uh, I don't know?

Turn Around Tuesday?

Nope.  Not this Tuesday.  It is time to march out of the range.

The China Trade Gap

Probably won't be filled today.

Fabulous Fascinator

Here is hoping you have a "fascinating" weekend with crumpets.

Slidin'

The /ES has experience a sizable slide down pre-market.  That might be it.  Will it make a huge turn-around today?  Uh, don't know.  Happy Weekend.

Shaky Ground

We are testing the waters here at /ES 2700s.  I find the news a bit mixed.  Though premarket looks that the drop has happened for the day, I don't know if the /ES will crawl out of the down so far.

Looking for Support

I am not encouraged about staying in the /ES 2700s area.  Will we go up from here?  Probably not today.  Will we fall 100 points?  Probably not today.  I said I was looking for support.  I don't know if we will find it.

Find the Brakes

After eight green days in the /ES the question is, how painful will this Turn-around Tuesday be?

P. S. The news is gloomy.  There have not been any red candles on the daily on the /ES.  It is Tuesday.  * Squeeks, "Contrarians unite."  No, don't  do it.

Nervous

With oil climbing on news and political unrest, we may not stay in the /ES 2730s.  Will we fall straight down?  Probably not.  I am nervously sitting upon my perch.

Stay?

Looking for support at /ES 2720 area.  It is a Friday, so it could be pushed around here.  Be aware.

In the Arms of /ES 2700

Oh the embrace of a lovers arms....we have returned to /ES 2700 pre-market.  Will we establish firm footing here, or will our lover reject us?

Wackiness in the /ES

Lately the big moves in the /ES all happen pre-market.  Let's see if we can climb up out of resistance today.

Clawing Our Way into Resistance

Clawing and Crawling in the /ES

Seasick in the /ES

What is going to happen in the /ES today?  I have not a clue.

Swimming in Support

Here we are at the bottom of the range of /ES.  There is so much support here.  Maybe the claw out will go on all day.

/ES Makes A Move

More Up and Down

This was yesterday in the /ES.

This is today so far.

Perhaps it will continue.  We shall see.