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It’s Fund to Stay at the FOMC, FOMC ee 4/30/24

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.

Today. And tomorrow. Which is when we’ll get the noncement and the dog and pony show. The market will react, and in the days after, as always, we’ll get the Fed Resubstantiation Rally.

For now, it looks set up to go… drumroll please…

The answer for now lies outside of 5110 and 5117. And I’m not sure that we should run with a break either way. But I’d be remiss to point out that if it’s up, it would tend to confirm the base breakout conventional measured move target of 5265. There’s also a 5 day cycle projection of 5205. Furthermore, the hourly cycle oscillators are hanging around above zero. If there’s no downside break today, a subsequent upside turn would be very bullish indeed. Swing Trade Screen Picks – Hidden Gems

14m1x4

For moron the markets, see:   

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