The S&P500 (ES) is consolidating yesterday’s 1.5% plus slide, showing fatigue in the Dead Cat Bounce off the October low as ES slides back below the psychologically key 4k whole figure level and 61.8% Fib retrace of the August to October slide. Any daily close below the 50% Fib and the uptrend support (on the daily chart) would suggest that the Dead Cat Bounce has peaked or is about to in the next few weeks…
The S&P500 (ES) spent the past week consolidating mostly between the 50% and 61.8% Fib retrace of the August to October slide. A daily close above the psychologically key 4k whole figure level and 61.8% Fib would dramatically increase the likelihood of ES reclaiming the September high by month end…
The S&P500 (ES) is consolidating for a 3rd straight day after Thursday’s massive 5% plus bounce, hesitating as it bumps up against the 61.8% Fib retrace of the August to October slide and the psychologically key 4k whole figure level. Odds are now moderately high for the current Dead Cat Bounce to reach downchannel resistance (on the weekly chart) by month end…
The S&P500 (ES) is consolidating a 2 day bounce, and appears to be gearing up this week for a retest of the October high and the 50% Fib retrace of the August to October slide. Any reclaiming of the psychologically key 4k whole figure level or the 61.8% Fib on a weekly basis will dramatically increase odds for the current Dead Cat Bounce to reach downchannel resistance (on the weekly chart) in the week after…
The S&P500 (ES) is consolidating after closing October at its high, catching its breath as it tests the 50% Fib retrace of the August to October slide. Regardless of any deeper pullback this week towards last week’s low, ES appears poised for upside in its Dead Cat Bounce towards the psychologically key 4k whole figure level in the next week or so…
The S&P500 (ES) is consolidating after the bounce in the past week, pausing as it bumps against the October high. Odds are suddenly high for a Dead Cat Bounce to continue for much of November, and for a test of the psychologically key 4k whole figure level by early November…
Silver (SI) is consolidating near downchannel resistance (on the 4hr chart), trying to halt the slide since the October high. Before bulls get excited, they’ll need to see a reclaiming of the psychologically key 20 whole figure level, which would dramatically increase odds of a test of the October high in the few days after…
Nasdaq100 (NQ) is extending yesterday’s strong ~3% rebound, breaking above downchannel resistance (on the daily chart). NQ appears to be in the early stages of what will likely be a month long or so Dead Cat Bounce…
The S&P500 (ES) is trying to hold last week’s fresh 2022 low after having given up all of last week’s first half gains. Although ES appears vulnerable to following the Nasdaq100 (NQ) in forming a fresh 2022 low, odds are rising for a multi-week bounce, where any break above downtrend resistance (on the daily chart) will dramatically increase the likelihood for a retest of the psychologically key 4k whole figure level sometime before month end…
The S&P500 (ES) is bumping up against downchannel resistance (on the 4hr chart) but appears poised to surge higher as it has just broken what is arguably a descending wedge resistance (on the daily chart). ES is poised to extend the rebound off its fresh 2022 low formed yesterday, as it has now clawed back above the prior 2022 low (of June), and appears to be gearing up for another Dead Cat Bounce (but weaker in magnitude) relative to the late June-late August one…
