Menu Close

This Trend is on the Brink of Exploding 2/12/24

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The ES 24 hour S&P futures have been riding a 12 day uptrend line in the pre market. Which way will it go from here?

We have an epic extension on the hourly oscillators so odds favor a downside break and a little correction, but if it goes up instead, the move is likely to be explosive. 3-2-1 blastoff. If this sucker clears 5030, we’d be looking at 5060 in a heartbeat. If it breaks the trendline, first stop would probably be 5010.

5030 was the 2-3 day and 5 day cycle projection. So again, odds are down first, or at least an extended consolidation before another liftoff.

13f3nc

For moron the markets, see:

If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam folder.

Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RSS
Follow by Email
LinkedIn
Share

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading