The repetition of this pattern borders on shocking. Here again is the 5 hour bar chart of the ES S&P 500 futures showing the 3 faces and their connecting declines. Are we about to witness a repeat? Or is this time different?
Switching to the hourly view, we get a 5 day cycle projection of 4185.
But we don’t see more significant support until around 4145.
It’s hard to get into this stuff with innocent people dying in a horrible war in Europe. My friends in Poland are distraught, some fearful, some resigned, all angry. They hate Putin, and have no love for the Russians in general. They have long memories, both personal, and ancestral.
Their feelings about Ukrainians are more complex, because they also remember them as oppressors.
But you know the old saying. The enemy of my enemy is my friend. And in Eastern Europe, with the exception of Serbia and Montenegro, virtually everyone sees Russia as the enemy.
Meanwhile, get the big picture.
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