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.