Looks like the market has decided not to decide. The ES 24 hour S&P futures are locked in a tight range. To me, it looks like a launchpad. If they clear 4865, I would expect a blastoff. Below 4843, I’d look for an itty bitty pullback before another attempt to go up. It’s 5050 For Sure
This is interesting. BTC is in a CNBCofficial bear market. The conventional measured move implication of the top pattern breakdown is 35,000. 13 week cycle projection is around 36,000.
What a scam. But it’s been a good leading indicator for stonks.
For moron the markets, see:
- It’s 5050 For Sure January 22, 2024
- Gold Hits Melting Point January 18, 2024
- Swing Trade Screen Picks – Ready for Blast Off or Dive Dive! January 17, 2024
- Weekly Bank Data and Fed Balance Sheet Say the End is Nigh January 16, 2024
- US Economy Didn’t Crash in December? January 4, 2024
- US Economy Crashed in December – Nope, See Update January 3, 2024
- Macro Liquidity – The Party’s Over January 1, 2024
- Dealers Stay Extended December 16, 2023
- This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023
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