That’s right, storps fans. Stocks can go up AND down, as the last two days have shown. However, with the market now being flooded with cash from T-bill paydowns every couple of days, don’t expect much more downside for the time being. It was fun while it lasted, and a sign of things to come, but probably not today. Swing Trade Screen Picks – Extended Uptrend Yields Just One New Pick
On the hourly chart of the ES, 24 hour S&P futures, a 5 day cycle low is in. The 2 day downtrend is broken. Spport lines held. And another buy signal will be triggered on an hourly close above 5207. If they’re successful at that, this could go up faster than it went down. If they don’t manage to punch through that area, then we waffle for a few hours and try again this afternoon. By 2 PM the trigger level for a buy signal would be around 5200.
For moron the markets, see:
- Gold Goes Space Needle April 1, 2024
- Swing Trade Screen Picks – Extended Uptrend Yields Just One New Pick March 31, 2024
- Nowhere to Go but Up March 31, 2024
- The End Is Not Nigh March 26, 2024
- Don’t Stop Never Disbelieving March 24, 2024
- Markets Create Money, Money Talks, Markets Listen Etc. March 12, 2024
- Tax Collections Took Off in a Stunning Reversal in February March 3, 2024
- We Don’t Need No Stinkin’ Fed – We Make Money from Nothing February 26, 2024
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