Keeping in mind that cycles and liquidity turned bullish back in April, here’s the latest.
LEE ADLERCycle projections have increased across the board. A top is coming but not for awhile. Here’s where and when. Non subscribers click here to access.
As for today, the hourly chart of the ES 24 hour S&P futures presents no basis for disagreement. To do so, it would need to break 5290 just for starters. Otherwise the path of least resistance would be up, to at least test Friday’s high of 5325, or if that breaks, 5340.
For moron the markets, see:
- Why Sell in May and Go Away May 14, 2024
- Swing Trade Screen Picks – No Way! May 13, 2024
- Higher But Narrow May 13, 2024
- Icing on the Gold Cake May 10, 2024
- April Tax Collections Soared May 4, 2024
- Gold Valley Rally May 3, 2024
- The Fed Doesn’t Matter Any More May 1, 2024
- Swing Trade Screen Picks – Hidden Gems April 29, 2024
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