Founder & CEO of AscalonVI Capital. 17-year NYSE veteran, Chartered Market Technician (CMT). Frequent contributor on Fox Business, Newsmax, and CNN. Co-host of Policy & Profits podcast.
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ES1 (SP500 Generic Front Month) - 2.2.24 *I wrote in the Jan 31 pre-market note that "All in, price action and momentum (WM1, WM2) look constructive". I also highlighted trade support at 4870 writing that "I would stay focused on a support/resistance range of
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ES1 (SP500 Generic Front Month) - 1.24.24 *Although I love to hate them, I remain convinced that the index is set up to continue the grind higher in the near term. Again focusing on the Weekly chart, the breakout above long term resistance (T1) continues to hold with
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ES1 (SP500 Generic Front Month) - 1.23.24 *As I wrote yesterday with reference to the Daily chart, "price has shifted to a bullish stance with confirming internals". As we are close to closing the month of Jan, I thought it would be helpful to once again
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ES1 (SP500 Generic Front Month) - 11.8.23 *As the index pauses at the upper end of the recent trough-to-peak ~6.50% rally, I continue to believe that the 4380/4400 resistance level will hold. As I wrote previously, "I would expect a pause here whether or not
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A new report has exposed electric vehicles as wasteful money pits, living up to the adage: If it seems too good to be true, it is. EV proponents often claim they’re cheaper to own than conventional gas- or diesel-powered vehicles, but that’s simply not true after accounting for
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ES1 (SP500 Generic Front Month) - 10.6.23 *I have remained negative on the index since we broke below 4500 back on Sep 19. That call has worked out well hitting 4 of 5 downside targets (A, B, C, D). Although sometimes I "love to hate them"
Daily Notes
ES1 (SP500 Generic Front Month) - 9.22.23 *I have been very consistent over the past few weeks in saying that a break below 4500 support would create a more significant move down. I highlighted downside targets of 4460, the 100dma (ref 4456) and 4400. On Sep 19 the
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[embed]https://soundcloud.com/blair-cullen-74350792/anthony-esposito-on-david-webb-9-6-23?si=d6dd3e075b0242768674868f21acff1f&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing[/embed] Anthony Joins the David Webb Show - 9/6/23
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[embed]https://soundcloud.com/blair-cullen-74350792/david-webb-show-anthony-esposito-8-25-2023?si=0a27a0b21809437bba53977f618a0098&utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing[/embed] Anthony Joins the David Webb Show - 8/25/23
Daily Notes
ES1 (SP500 Generic Front Month) - 8.31.23 *As I stated yesterday, the index has rallied off the Aug 18 reversal bar and has broken above the "the 10dma (R10), 50dma (R50) and 4500 (R4500). In addition, momentum (M1) has shifted to positive confirming there may be some
Daily Notes
ES1 (SP500 Generic Front Month) - 8.30.23 *The index has now rallied over 3% off the Aug 18 reversal call low of 4350 and has broken above all three of our identified resistance levels. These levels again were the 10dma (R10), 50dma (R50) and 4500 (R4500). In addition,
Daily Notes
ES1 (SP500 Generic Front Month) - 8.29.23 *I have been off the desk for a so let's recap the last few days and reports. I noted on Aug 18 that a doji reversal stick had formed. After confirmation on the next trading day (Aug 21) I