With an impressive push up from the bulls in the /ES yesterday, I am expecting some pull back today.
Tuesday, April 30, 2019
Friday, April 26, 2019
Thursday, April 25, 2019
Which Way to the Top?
After a breather in the /ES yesterday, pre-market is showing some strength. We could press higher, or this could be the run around set up to fail.
Wednesday, April 24, 2019
Tuesday, April 23, 2019
Monday, April 22, 2019
Right into the Failure Zone
Now Kenny Loggins will be playing in your head. We are here in the failure area. Can the /ES find strength to keep going up? Good question.
Thursday, April 18, 2019
Failure Zone
The /ES dipping just below 2900 and then pushing upward would usually signal to me that the market wants to continue the bull trend. Caution is in order though as we are firmly residing in the failure at the highs area. Be nimble.
Wednesday, April 17, 2019
Struggle at /ES 2900
The /ES ran up to 2923.5 pre-market then fell back to 2905. Usually this would me to me that there is complete failure at the high. Looking at the action now, I am not too sure. But, this could be the beginnings of a pull-back.
Tuesday, April 16, 2019
Since When?
Since when does the market listen to me? Well, we will just call yesterday an anomaly. Now what will happen? A turn around Tuesday? A try and a fail? I don't know. I am still stunned from yesterday. And, it looks like I need to redo my lipstick.
Monday, April 15, 2019
Monday, April 8, 2019
Unclear at the Top
Welcome back spring breakers! The pre-market signal I see on the /ES tells me the high has been hit. After watching the downward action, that maybe done, too. Will we utterly fail to push into resistance? Could be. Could be not. :)
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