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Well, they managed to escape the triangle pattern a millisecond before reaching the trickle point. But it was still too near it to generate any power, so here we languish. The ES, 24 hour S&P futures are still stuck near the middle of the range of the past 3 days. However, since Monday there have been slightly higher highs and lows, so maybe that’s bullish. I dunno.
For now, anything between 4934 and 4963 is a nothingburger. Even when they break one or the other there wouldn’t be a lot of running room. We’re looking at 4918 and 4975 as the next sets of spport and resistance lines.
Yawn. Swing Trade Screen Picks – Adding 3 Shorts for Each Long
Meanwhile, every market from bitcoin to gold is like watching paint dry. Except for Treasuries. Pork bellies, anyone? What’s Up with Down Withholding Tax Collections
For moron the markets, see:
- Is This the End, or Only the Beginning February 5, 2024
- What’s Up with Down Withholding Tax Collections February 4, 2024
- In the Goldrums February 2, 2024
- Swing Trade Screen Picks – Clearing Out the Shorts January 30, 2024
- Fed Balance Sheet Right Now Says Bears Should Get Ready to Rumble January 28, 2024
- Primary Dealers Are Maxed Out Again January 24, 2024
- US Economy Crashed in December – Nope, See Update January 3, 2024
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