The hourly chart of the ES fugutures is beginning to look a little Armageddonish. The last downtrending sport level is around 4647 as of 8 AM in New York. Below that is a wide open space to the next important sport levels around 4610-4600. At the moment, the 2-3 day cycle projection is only 4645, so I’m half expecting a bounce when the NY premarket action opens. By 9:30 though, if they don’t clear 4665, I’d give the downside the benefit of the doubt.
Just in case you missed this little bit of fun. Recorded 12/28/21
Meanwhile, the big picture.
Don’t Be Surprised, or Fooled, By a Rigor Mortis Rally
When Boring Isn’t Bullish – Gold
Wheels Are Moving in Slow Motion for the Top
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