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ES Pattern Observation: The Alfred E Newman in me (What Me Worry?) is concerned that yesterday's post-market up-spike on arguably the best news yet, concerning an end to the war, was a bit anti-climactic.By that I am referring to the magnitude of the upside pop-- about 72 points (shown by the bright blue oval on my attached chart), compared to this past Monday AM's pop from around 6508 to 6748, or 240 points (shown by the dark blue oval).
Bitcoin: 2026 Roadmap updateFor the past few weeks since the February low, the focus of these articles ,regarding the lower timeframe patterns, has been the prospect of breaking out of the multi-week consolidation and retaking the $74k level.In this past week, price briefly broke out of the consolidation, clearing $74k~, reaching an intraday high of $76k on Monday night.
My thesis coming into this week was that we were completing an ending diagonal for the c-wave of the (a) wave in this current corrective pullback in SPX. Therefore, I was expecting a strong reversal, which should take us back to the region from which the diagonal began in a very swift move.While the week started out by following that perspective, the fact that we have stalled now for almost two full trading days is starting to get a bit concerning about follow through in this potential (b) wave bounce back towards the 6850-6900SPX region.
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