Which continues until there’s a trouble climax. Are we there yet? Not yesterday. Today, the 5 day cycle projection on the hourly ES S&P 500 fuguetures has dropped to 3885. There are a couple of sport levels in that vicinity also. That doesn’t seem like a trouble climax to me either. It may have bouncability, but 3870-72 looks more sportive. Today at least.
There’s a small chance that the 5 day cycle projection is 3900. Round number syndrome at work. But we should know within the hour if it’s a go or not.
For moron the markets, see:
- Gold Going Higher January 18, 2023
- Swing Trade Screen Picks – Whoa! Just Wait Till Next Week! January 17, 2023
- Long Live the Bear. The Bear is Dead January 17, 2023
- A Funny Thing Happened on the Way to the Debt Ceiling January 16, 2023
- Withholding Taxes Are Soaring January 6, 2023
- Composite Liquidity Still Bearish, No End in Sight December 23, 2022
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
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