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Cash Bitcoin and MSTR Update: Truth be told, the pattern carved out by BTC from its Feb. 2026 low at 60,070 continues to "impress me" as exhibiting counter-trend form, and as such, a recovery rally that is entering its 6th week. That said, however, strength from current levels of 70,700 that hurdles and sustains above the recent high at 74,100 will argue for an upside extension of the counter-trend upmove toward 80,500-82,500.

Good Tuesday Morning, MPTraders!  March 10, 2026-- Pre-Market Update:  -- Crude Oil and ES are still top of mind:The near-term charts shown below indicate that a sustained climb in April Crude above 91.50 will trigger upside continuation to 95.00-97.50, and perhaps to 100 again.

Good Thursday Morning, MPTraders!  March 5, 2026-- Pre-Market Update:-- The War enters Day #5... -- ES is circling the mid-section of a multi-month range amid an impending historical directional shift from negative to positive (See chartwork below)...-- Oil Prices climbed to a new "wartime" high at $78.09 overnight, threatening to emerge from a multi-year range...

April Crude Oil needs to close under $73/bbl to trigger an initial technical "warning" that the Dec 2025-present advance from $54.63 to $77.50 is exhausted. In the absence of a close under $73.00, April Crude points next to $79-$82, indicating that a wider war premium is being built into the price of oil for nearest delivery... Last is $77.30...

Good Tuesday Morning, MPTraders!  March 3, 2026-- Pre-Market Update: What Now?  As we enter day 4 of the US/Israeli-Iran War, we have to ask ourselves if the markets are facing more or less uncertainty. At 4 PM ET yesterday, recovery market behavior suggested that Mr. Market was starting to see through the Fog of War.This morning?  Not so much!Technically, the intraday pattern carved out yesterday exhibited bullish form. As long as yesterday's pivot low at 6768.

Good Sunday Morning, MPTraders!  March 1, 2026: Special Update: Are there any market indications on Sunday afternoon that might provide directional hints about tonight's stock index, oil, and gold openings? Bitcoin is the only currently trading risk-on vs. risk-off 24/7 market that might be informative about market direction after Friday eve's U.S. and Israeli attack on the Islamic Republic of Iran, followed by Saturday's announcement that the Ayatollah Khamenei and many of his ruling leadership were killed.

What Am I Thinking?  Block Inc-- Symbol XYZ -- The Labor Market, Benchmark 10-Year Treasury YIELD, and the Fed...Block Inc's CEO Jack Dorsey tells the WSJ this AM, "Intelligence tools have changed what it means to build and run a company." In a letter to shareholders, Dorsey "alluded to artificial intelligence tools as the reason for the cuts in a letter to shareholders.

Good Tuesday Morning, MPTraders!  February 24, 2026-- Pre-Market Update:  ES, AMD, HIMS, Earnings Releases, and the President's State of the Union Address...There are four trading days remaining in February...ES remains in the confines of a multi-month sideways range that has developed a lower boundary (support plateau) at 6750 to 6800, juxtaposed against an upper boundary (resistance plateau) from 7000 to 7045.

Good Thursday Morning, MPTraders!  February 19, 2026-- Pre-Market Update:Economic Data Today:  For the most part, stronger Labor data than expected, stronger Manufacturing Data than expected, stronger Business Conditions and Manufacturing Orders than expected, overlaid on declining inflation... all of which-- to the extent that we believe this round of data-- to this observer, seems Goldilocks-ish, no? (Continued below)...Goldilocks or not, this "miserably" range-bound circle jerk of a market is what we encounter every day.

At the current pre-market price of 79.27, NFLX is down 41% from the ATH, as the price structure nears a significant technical inflection level in and around 75.00, which represents the Fibonacci 50% retracement-support level of the entire bull phase from the May 2022 low to the June 2025 high.

Good Thursday Morning, MPTraders!  February 12, 2026-- Pre-Market Update: The more things change, the more they stay the same!  ES remains confined within a wide three-month sideways pattern, the boundaries of which are demarcated in gray on my attached Daily Chart. To break out to the upside, ES needs to chew or thrust its way through and above consequential resistance lodged between 7012 and 7045.

Typically, Rising Wedge formations END with a thrust out of the top of the Wedge, but fail to follow through on the upside, and instead reverse sharply to the downside, leaving behind a major Bull Trap Reversal that inaugurates a meaningful percentage correction of the most recent upleg, in this case from the 11/21/25 pivot low at 650.85 to the forthcoming new ATH, let's say at 700 to 703 (See my attached Daily Chart).

Good Thursday Morning, MPTraders!  February 5, 2026-- Pre-Market Update: First Up, a look at the pattern setups in Bitcoin before my second update on GOOG, AMZN, and ES setups heading into today's session...Three views: My 4-Hour Set Up shows the breach of 70,000 that is accompanied by an extremely oversold condition that in the past has correlated with an emergent rally.

Economic Data:  ADP Monthly Employment gained 22,000 versus 45,000 expected, and 37,000 in December, suggesting that the labor market remains relatively weak, which plays into Trump, Bessent, and Warsh's insistence that interest rates should be lower...UBER Earnings Reaction:  UBER reported mixed results that initially pressed the stock to a pre-market spike-low at 69.50 from yesterday's close at 77.93 (-11%), where buyers swooped in to propel UBER above unchanged.

Good Thursday Morning, MPTraders!  January29, 2026-- Pre-Market Update:-- There are two trading days remaining in January... --  All else being equal, the January Seasonal Tendency is for SPX strength today and tomorrow into month-end (see Seasonal Graphic below)...-- Headline Risk this AM:  President Trump holds a Cabinet Meeting at 11 AM ET, which could be open to the press again...-- Notable Earnings After the Close: AAPL-- Geopolitical Risk Rhetoric is Climbing Rapidly concerning an imminent Persian Gulf War.

Good Tuesday Morning, MPTraders!  January 27, 2026-- Pre-Market Update:-- There are four trading days remaining in January...-- The Fed begins a two-day meeting. The FOMC Monetary Policy Statement will be released on Wednesday at 2 PM ET... At 2:30 PM ET on Wednesday, Fed Chair Powell will hold a Press Conference, which could move markets...-- Notable Earnings Today: UNH, BA, GM, UPS, TXN, RTX... Tomorrow: MSFT, TSLA, IBM, ASML...

ES weakness during the three-day weekend, precipitated by the fallout from "The Great Disruptor," President Trump's "threats" to take Greenland by force, and to engage in battle with NATO et al, has inflicted meaningful technical damage to the dominant post-11/21/25 uptrend. My attached Daily Chart shows ES has sliced beneath key support clustered in and around 6950/60, which includes the 8 Day EMA, the 20 Day SMA, and the dominant up trendline.

Good Thursday Morning, MPTraders! Pre-Market Update: Yesterday afternoon, President Trump threw cold water on an imminent U.S. military attack on Iran, which immediately triggered an algorithmic headline-triggered short-covering rally that persisted into the close, and in so doing, propelled ES above its 20 DMA ahead of the closing bell, averting a problematic, potentially negative technical setup.On the contrary, yesterday's early weakness to a two-day low at 6923 ended a 1.6% pullback from the ATH at 7036.

Good Tuesday Morning, MPTraders!  January 13, 2026-- Pre-Market Update:-- JPM Earnings: Mostly a beat (see CNBC analysis below), but considering JPM was trading 65% above its April 2025 low (see my attached 4-Hour Chart), the reaction to the news has been a bit muted (as we discussed late yesterday here). As we speak, JPM is up 0.2%.

Good Thursday Morning, MPTraders!  January 8, 2026-- Pre-Market Update:  The Elephant in the Room this AM is Friday!Why?  Because tomorrow morning, the consequential December Jobs Report will be released at 8:30 AM ET, and will put the health of the labor market into focus, as well as forthcoming Fed policy.

Good Wednesday Morning, MPTraders!  January 7, 2026-- Pre-Market Update:The major market setups I am watching closely for directional purposes as the post-April 2025 advances approach a "final upside thrust": ES, SPY, QQQES-- As long as any forthcoming weakness is contained within or above support from 6920 down to 6873, my Big Picture pattern setup argues for upside continuation beyond the 10/30/25 ATH at 7013.50 to an optimal upside target zone of 7100-7130... last is 6986.25... (continued below my ES chart)...

Here is the text-corrected version of my first update... as I get another cup of heavily caffeinated coffee!Good Tuesday Morning, MPTraders! January 6, 2026-- Pre-Market Update:  Thursday and Friday of this week are potentially important sessions...If Thursday's close is above 6845.50 on the Cash SPX, then the first 5 trading sessions of 2026 will be positive. According to Tom Lee, since 1950, the First 5 Day Rule has yielded powerful results and accuracy.

MU (Micro Technologies) knocked the cover off the ball last night in its Earnings Report (see Seeking Alpha snippet below), which has goosed the stock 12.5% as we speak. My attached 4-Hour and Daily Charts indicate that MU needs to take out and close above 264.75 to trigger a higher projection to 295-300. In the absence of a close at new ATHs, MU's near-term setup argues for a range-bound period between 240 and 260.

Benchmark 10-year YIELD has declined from 4.12% to 4.11% in reaction to the cooler-than-expected CPI data, which might not seem like much, but from a chart perspective, YIELD is pressing directly toward key near-term support at 4.10% that, if violated, will argue for downside continuation to 4.00%... Last is 4.11%...

ES-- You probably are aware by now that CPI Core and Annualized data came in cooler than expected (see Data Table below my chart), which has goosed ES futures from 6804.75 just prior to the data release, to an intraday high at 6838.50 so far.