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Guesstimates on October 3, 2016

December S&P E-mini Futures: The ES is headed for 2136 midpoint between the 2100.25 low and the 2172.75 high, support from which it has bounced four times during the past week. I think a drop visibly below 2136 would be quite bearish. If this latter level does fail a drop well below 2100 will be underway and would probably carry to the Brexit low at 1980. On the bullish side of the ledger I think that the 2200 level will be a ceiling until a drop big enough to generate substantially more pessimism develops.
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Guesstimates on October 12, 2016

Business & Finance / Investing : Carlfutia.com

December S&P E-mini Futures: After turning away four previous drops the 2136 support level failed yesterday. I now expect the ES to drop to 2100, bounce 20-30 points from there, and then continue downward to the Brexit low at 1981. ...

Guesstimates on October 11. 2016

Business & Finance / Investing : Carlfutia.com

December S&P E-mini Futures: Support is again at 2150. A drop below that level will mean the ES is headed back to the multiple lows which formed near 2136. A drop below 2136 would be very bearish and continuation below 2100 would th...

Guesstimates on October 21, 2016

Business & Finance / Investing : Carlfutia.com

December S&P E-mini Futures : The ES again failed to move past 2140-43 resistance and now is headed down below 2100. Even if the market is fooling me and instead is headed higher I think there it too much bullish sentiment to suppor...

Guesstimates on October 4, 2016

Business & Finance / Investing : Carlfutia.com

December S&P E-mini Futures: Support today is 2152-53. Should it fail the ES will then be heading for 2136 midpoint between the 2100.25 low and the 2172.75 high, support from which it has bounced four times during the past week. I t...

Guesstimates on September 30, 2016

Business & Finance / Investing : Carlfutia.com

December S&P E-mini Futures: The ES has bounced off of the 2136 midpoint between the 2100.25 low and the 2172.75 high four times during the past three days. I think a drop visibly below 2136 would now be quite bearish and I would no...

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