Yep, closed out a good month and off to a great start in December with an average theoretical gain of 11.9% on an average holding period of 24 calendar days on current chart picks. Reverses a couple shitty months in September and October. Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long
Here on the day trading front, I need to make this quick because I have a French lesson coming up.
This looks like top formation until it doesn’t. And it keeps getting bigger, so it’s either gonna be a bigger top, or a very nice high base for another move up. As usual, I have no fucking idea which it will be. You pays your money and takes your chances. We try to estimate the odds and go with those odds to the best of our abilities.
So far, the market has failed to break out of the zone of major resistance from 4535 to 4600 on the ES, 24 hour S&P 500 fuguetures. A breakdown here would measure to 4485 ish. However, note that the market only needs to clear 4555 in the first hour in NY or later, to get this going back toward another at ack ack ack ack on the high.
Good luck to punters of all stripes. Keep your emotions in check, and with warm hands and a cold heart, consider the emotions of others, and especially your own emotions, as part of your decision making process.
Amen. Hallelujah.
For moron the markets, see:
- Swing Trade Screen Picks – November Was a Good Month, List Still Mostly Long December 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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