Air Pockety Day 10 – 4/11/24

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If the market isn’t flying through the air with the greatest of ease, it’s stuck. The overnight was stuck, but it’s showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time.

Here’s the hourly ES, 24 hour S&P fuguetures.  Chef Says Choose One from Column A Or One from Column B

Is it my imagination or has this been difficult to trade for the past two weeks?

The usual semi regular 4-5 day cycle pattern has been displaced by an irregular, noise driven flip flop pattern. The hourly oscillators are giving a top signal here. But time suggests that a 5 day cycle low would normally be due today. We see trend spport around 5188 and additional trend spport about 10 points lower. If that band holds, then this wild pattern could turn into a big base. A breakout through 5228 would have a measured move implied target of 5305.

If they break through the rising spport lines, then a test of the lows in the 5130s would be in order. Then we’ll see. Swing Trade Screen Picks – Well Hedged List Gives Steady Performance in the Wild Market

For moron the markets, see:   

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