5:45 AM ET. The 5 day cycle projection on this upswing of the ES S&P futures is 4520. Done! But the base breakout measures to 4539, so maybe we’re not done yet. Hourly indicators are inconclusive. An hourly close below 4500 would be needed for at least a preliminary sell signal. If they’re still above that by the time New York opens, then it’s still bulls’ ball.
On the other hand, proof of something bigger on the upside would require a break above 4525.
For the big picture:
- Holding Longs, Adding Shorts April 4, 2022
- Market Still in “Fool The Majority” Mode April 3, 2022
- Why March Withholding Taxes Showing Red Hot Economy Is Bearish April 3, 2022
- The Iron Pyrite Trade April 5, 2022
- Fragile and Dangerous Semi Blind Spot March 28, 2022
- Screens Be Nimble, Screens Be Quick – They Were! March 27, 2022
- Here’s Why This Will Be “The Rally that Fools the Majority” March 26, 2022
- Seven and a Half Weeks of Bullish Liquidity Ahead March 19, 2022
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