Looking at the hourly chart of the 24 hour continuous ES S&P fuguetures, the question is whether we have another potential top in the making. It’s too soon to tell. First they would need to drop to 4101.8. Then they would need to break it. Until that happens, nothing doodooing.
We doo have at least the semblance of a downtrend channel in the making. Get it? Making? But if they clear 4146, that’s the end of that. End. heehee.
Barring something breaking, we are doomed. Doomed, I say. To another day in this interminable, now 8 trading day old trading range. So this afternoon, I think I’ll resume painting my apartment. That way I can watch paint dry.
To understand and profit from the big picture check out the following.
- Swing Trade Screens – One Bad Trade Hurt But the Rest Bailed Us Out for a Win August 8, 2022
- Fasten Your Seatbelts – Updated Cycle Projections Are Shocking August 8, 2022
- “As Good as It Gets” Was Good While It Lasted August 6, 2022
- Upon Further Review Gold Bottom Call Stands August 5, 2022
- Treasury Confirms Supply Tsunami We Expected – Will Obliterate Everything August 3, 2022
- Withholding Tax Collections Solid in July, But Here’s Why the Party is Over August 2, 2022
- The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022
- As Good As it Gets, Before the End of Time July 18, 2022
- Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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