If you don’t believe it, best look at the 2 hour bar chart of the ES S&P futures.
At 6 AM New York Times, we are clearly at a trend infartion point, as they test trend sport at 4519. If that holds, it’s gonna be up up and away, first to fool around 4530, then on to 4560, where the next battle royal will be fought, and gadferbid, won by the bulls.
Downshifting to the hourly bars, the hourly oscillators suggest that we’re in trending mode. We’d need a sport break and a downtick in these indicators from here to below the zero level to indicate otherwise.
There are currently no projections on either the 5 day or 2-3 day cycle due to the lack of fluctuation. But if they clear 4525, that would point to a 5 day cycle projection of 4585.
This is just the intraday look. For more: Bullish Intermediate Term Omens
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This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.
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