I write to you today from the fabulous City of Lights on the third day of my planned summer of travel. My itinerary will take me as far east as Poland and Budapest, then north to Prague, Germany, Sweden, Norway, Denmark, the Netherlands, Belgium, and finally the north of France for a few weeks before returning home to Nice.
I expect to have a lot of fun and will shoot plenty of photos of the places I visit. I like to capture, as best I can, the feel of the the street life and architecture of the cities and towns that I visit. If it interests you, you can follow that on my Instagram page.
And I will maintain a regular publication schedule for Liquidity Trader and the Wall Street Examiner.
While, I’m gone, I’ve put my little pied-a-terre in Nice up for holiday rental. If you’re thinking of visiting the South of France this summer and you’re interested in staying a great neighborhood in Nice, drop me a note and I’ll send you a link to the page.
Meanwhile, as of 4 AM New York Time and 10 AM here in Paris, the US market still appears set up to move higher again today. The hourly chart of the ES, S&P futures suggests a 5 day cycle projection range of 4160-85. The May 1 peak was 4187. A breakout above 4148 would have a conventional measured move objective of 3205.
An hourly close below 4128 would take the prospect of a test of the high off the table. But if it stays above 4128, then, given how thin this trading range is, getting back to 4187 would be a piece of cake.
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For moron the markets, see:
- Weak Real Time Withholding Taxes Set Up a Showdown May 4, 2023
- The Big One is Coming May 3, 2023
- Don’t Go Short if This One Thing Happens May 1, 2023
- Swing Trade Chart Picks – The Future is One Word – Baking Soda April 26, 2023
- Gold’s Lost Luster Will Shine Again April 25, 2023
- Enjoy the Market Mirage Now Because We’re Really In a Desert April 24, 2023
- The Fed’s Circle Jerk, is ‘Twerking? April 18, 2023
- Here’s How We Know That Doom Has Already Arrived April 6, 2023
- Macro Liquidity Says No Way Jerray! April 4, 2023
- How to Play When Fed Changes the Game, Not Just the Rules March 19, 2023
- Systemic Meltdown Under Way As Dead Bodies Finally Start Surfacing March 12, 2023
- Here’s Why There Will Never Be Bull Markets Until This One Thing Happens February 26, 2023
If you’re serious about the underlying forces of supply and demand that drive the markets, join me!
