“The market won’t fluctuate.”
Thanks to the lack of fuctuation, the full and half span moving averages for the 5 day cycle are running on top of one another, so there’s no 5 day cycle projection. Drilling down to 30 minute bars, I can sort of make out a 2-3 day cycle projection of 4160. The top of the wide uptrend channel will be at 4153 as New York opens, rising to 4156 at the close. That seems a likely target. I don’t think the old trendline at 4140 as of 10 AM here in Europe, or 4 AM in New York, will be an issue.
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