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The kerplunk herd round the world.
Pun intended.
5 day cycle projection 3345 on the ES futures. Done. Hourly indicators are back on the buy side deep in the wee hours in New York (around 3:40 AM). Traders there usually start waking up at their screens around 6 AM. So we’ll see what happens then.
3365 is now resistance. First attempt to break through smashed.
For the time being. Then rebounded from higher low to top of channel at 3360 in the hour ending 6 AM in NY.
Chart as of 5:45 AM ET.
Update 6:00 AM: Another attack on 3365. Pre market moment of truth as sleepy eyed US traders get to their screens.
Update 8:30 AM:
Whacked again but uptrend channel established. Low at 3353 in opening half hour.
More updates during the day here.
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