Saturday, December 13, 2025

Some Clarity in the Dow Futures - The Benefit of the Doubt

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As most readers here know, the Dow and its futures have been making two new highs (along with the Russell 2000) while the ES and NQ futures ...
3 comments:
Friday, December 12, 2025

Discount Double Deceit

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Wednesday in the ES daily futures was an outside day up. The low of an outside day up should not be taken out within the next two sessions, ...
5 comments:
Thursday, December 11, 2025

Local Count

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Yesterday we said much of the current wave count was indeterminate and we needed to wait for some clarity. Today's movements offered a b...
7 comments:
Wednesday, December 10, 2025

Outside Day - Up

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Today's FOMC meeting provided the impetus for an outside day up, candle, in the ES daily futures shown below. This was not so much for t...
18 comments:
Monday, December 8, 2025

Candle Confirmation

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Friday's "spinning top" or "doji" candle was given a candle confirmation today as shown by the daily chart of the SP...
16 comments:
Friday, December 5, 2025

Spinning Top Candle - Of Course, Requires Confirmation

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U.S. equity prices early on as measured by the ES daily futures made a higher high day and then faded somewhat by the close. We are showing ...
8 comments:
Wednesday, December 3, 2025

Grinding, Stalling & Swinging

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The wave counts are really getting strained. One almost has to look at the structures with one eye closed and the other one squinting to see...
14 comments: