Two pictures are worth a thousand words. Ladies and germs, I present two perspectives on the hourly ES, 24 hour S&P 500 fucutures covering the past 2 1/2 weeks.
I report, you decide.
Perspective number one.
Perspective number two.
Not really tradeable unless you enjoy being ground to a pulp. Although there’s a pretty little wave working. Do we roll over here again?
We don’t know and neither do they. When it breaks out, we’ll know.
But of course the first breakout will be a fakeout to suck everybody in, in the wrong direction so that the dealers and stock operators can pick the pockets of their unsuspecting institutional customer herd.
Whose side will we choose?
The right side, of course.
Christmas Goose Temperature Nears Required Doneness
For moron the markets, see:
- Gold Got There Fast But Race is Over December 6, 2023
- Swing Trade Screen Picks – November Was a Good Month, List Still Mostly LongDecember 5, 2023
- Tax Revenues and Liquidity are Crashing December 4, 2023
- Christmas Goose Temperature Nears Required Doneness December 4, 2023
- Swing Trade Screen Picks – Read My Lips, No New Longs. But a Couple Shorts November 28, 2023
- Gold Sets Up Potential High Base BreakoutNovember 24, 2023
- This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023
- A Rally Can’t Live on Hope Alone November 20, 2023
- Fuggedaboutit! Treasury Supply Ain’t Going Away November 5, 2023
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