The 5 day cycle projection on the ES 24 hour S&P futures is now around 5150. It looks like a better than even bet. At 5083, it’s already more than 5050, right? Swing Low Sweet Chariot
The conventional measured move target of this rounded bottom base breakout is around 5200. I don’t think we’ll get there today, but I wouldn’t be surprised if we did. On the other hand, if they stall at 5093, there would be more work to be done, with uncertainty creeping in to the mix.
For moron the markets, see:
- Gold to Hibernate Till Winter April 24, 2024
- Watch Closely as Warning Signs Abound April 23, 2024
- Swing Trade Screen Picks – Perking a Long April 22, 2024
- Swing Low Sweet Chariot April 22, 2024
- One More Rally To Go April 17, 2024
- Warning Signs Abound, But Ignore Them for Now April 16, 2024
- March Withholding Tax Collections Actually Stunk April 5, 2024
- Banking Data Says This Is Last Hurrah for Stocks April 3, 2024
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