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Here’s Where We Are and Where We’re Going Today 12/2/21

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

I am currently in Szczecin where you should never be in December. Meanwhile, the ES S&P fugutures are in Never Never Land, on the way to Dante’s Inferno. Where we were earlier, in the pre market was up. Where we are at the open is about even.

Where we are going according to the 5 day cycle projection is 4500. But already been, there done that, overnight. The 2-3 day cycle projection is 4480-4500. Whether we get to the lower reaches depends on how this opening bounce off the double bottom on the hourly does.

More later! Meanwhile, the big picture.

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