The market faces a real test this morning as negative earnings surprises hammered prices overnight.
Will the losses stick, or is it just another buy the dip?
At 3:30 AM New York time, the pullback has hit a trend sport convergence at 4142. To really get anything going on the downside today, they need to break that, and another trendline currently rising from 4120 to 4128 when NY opens. The only projection so far is a 1 day cycle projection of 4113. A key trendline is vectoring toward that point for a 12 noon rendezvous in NY.
or moron the markets, see:
- Swing Trade Screen Picks – Bulls Win This Week January 30, 2023
- Stock Market Heads for the Super Bowl – Oddsmakers Pick the Bulls January 30, 2023
- Gold Takes a Breather January 27, 2023
- Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 2023
- Swing Trade Screen Picks – Energetic Buys and ShortsJanuary 23, 2023
- Nothing is BrokenJanuary 23, 2023
- 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
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